Prepayment Privilege Calculator
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Calculate the effects of prepaying by completing the boxes below. Click on HELP for any box, if you do not know what to enter. Please refer to your Mortgage documentation to determine features associated with your mortgage. If you don't know this information, you can find it by calling us.

Mortgage Amount $
Interest Rate   %
Mortgage Payment $
Payment Frequency    Accelerated: 
Lump Sum Payment (Annually) $  Period:  Year(s)
Mortgage Payment Increase (Annually)    Period:  Year(s)


RESULTS
Revised Amortization period Year(s) and Month(s).
This also represents a savings of $
in interest over the life of your mortgage.
By accelerating your payments, you save $ in interest.


This calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. Actual results may vary, possibly to a large degree. We use reasonable efforts to include accurate and up-to-date information in this calculator, but cannot guarantee that all information is accurate, complete or current at all times. You should speak with one of our mortgage specialists before making a final decision on a mortgage prepayment to ensure it meets your overall financial needs. We do not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. We will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results. This prepayment privilege is estimated based on the information entered, and can change over time. Please call us to determine the privilege features associated with your mortgage. This calculator provides an estimate only. In this calculation, we assume the following: (i) a constant interest rate throughout the amortization period, (ii) interest is compounded semi-annually; and (iii) the payment schedule you selected is maintained with no additional payments or missed payments.

Learn more about prepayment privileges

Questions? Please call us at 1-833-610-0516