Mortgage
Loan Payoff
Savings Target
Savings Contribution

Mortgage

Canadian semi-annual compounding. Term, renewal, and prepayment scenarios.

Loan

Home price

$

The full purchase price.

Down payment

$

Amount paid up front.

Interest rate

%

Amortization (years)

Term (years)

Payment frequency

Prepayments (optional)

Annual recurring lump sum

$

Applied at the end of each calendar year.

Payment increase

$

Added to each scheduled payment.

One-time lump sum

$

Applied to your first payment period.

Results

Periodic payment —

Total interest (full amortization) —

Balance at end of term —

Interest paid during term —

Principal paid during term —

Time saved by prepayments —

Interest saved by prepayments —

View full schedule

Mortgage amortization 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