Mortgage prepayment calculator
Estimate how an extra monthly payment could change your remaining interest cost and mortgage payoff timeline.
Estimate a prepaymentDecision tools · Canada · 2026
Compare 3 free Canadian financial calculators
Start with the decision in front of you. Estimate the effect of an extra mortgage payment, compare the first-year value of switching banks, or understand the cost and timing of credit-card repayment.
Bank-switching net-value calculator
Compare promotional value, recurring fees, interest differences, and switching costs over the first year.
Compare switching valueCredit-card interest cost planner
Estimate payoff time, total payments, and interest cost using your balance, annual rate, and planned payment.
Plan a repaymentWhich calculator should you use?
- You have a mortgage: test whether an affordable recurring prepayment may reduce interest or shorten amortization.
- You are considering a new bank account: compare the complete first-year value instead of looking only at a headline bonus.
- You carry a credit-card balance: see how payment size and interest rate affect cost and payoff time.
Use estimates as a starting point
These tools provide educational estimates, not financial advice, approval predictions, or guaranteed savings. Results depend on the assumptions you enter. Confirm current rates, fees, penalties, eligibility rules, and product terms with the relevant financial institution before acting.
For independent consumer guidance, visit the Financial Consumer Agency of Canada.