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Canadian Mortgage Payoff Goal Calculator
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This calculator
will show you the additional monthly payment you will need to make on
your current mortgage in order to pay it off within a specified number
of years. It will also show you how much interest you will save if you
make the calculated additional payment each month, from now until your
mortgage is paid off.
Note: When entering
your current monthly mortgage payment amount, be sure to enter only the
principal and interest portion of your payment.
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Enter the principal balance owed:
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Enter the annual interest rate:
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Enter the current monthly payment amount:
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Number of years you would like to pay off your mortgage in:
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Additional monthly payment required:
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Interest savings:
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