Mortgage
Loan Payoff
Savings Target
Savings Contribution

Loan Payoff

Add extra payments and see how many months and dollars of interest you save.

Loan

Current balance

$

Interest rate

%

Monthly payment

$

Compounding

Acceleration (optional)

Extra per payment

$

One-time lump sum

$

Results

Months to payoff —

Total interest —

Months saved by extras —

Interest saved by extras —

View full schedule

Loan payoff schedule
#	Payment	Interest	Principal	Balance

Disclaimer. Estimates only. Not financial advice. Consult a licensed advisor for decisions that affect your finances. Calculations follow Canadian rules (semi-annual mortgage compounding, current-year TFSA/RRSP limits as published by the Canada Revenue Agency).

Limits last updated for 2026. No accounts. No tracking. Methodology