This calculator shows the required additional monthly payment Canadian homeowners would need to make on their current mortgage to pay it off within a specific number of years. After calculating the additional payment this calculator will also show you how much interest you will spend and how much interest you will save. When entering your current monthly pyament please only include the principal and interest portion of your monthly loan payments. Canadian mortgages are slightly different than US mortgages with interest accruing twice per year versus monthly. We also offer a US mortgage payoff goal calculator.

Your Current Loan Info
Remaining loan balance:
Annual interest rate (APR %):
Current monthly payment:

Your Payoff Goal
Number of years you would like to pay off your mortgage in:

Your Results
Additional monthly payment required:
New monthly payment amount:
Remaining interest under original loan:
Interest under new loan:
Interest savings:

Canada Mortgage Payoff Calculator

Your Current Loan Info

Your Payoff Goal

Your Results

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