Use this calculator to determine the effect of making a higher payment. Enter your loan information and press calculate to see what your minimum payment would be, the Balance Owing, the Term Interest Paid and how long it will take to pay off your mortgage. Then try entering a preferred LARGER payment in the section titled "What if I pay more per month?" to see what your New Balance at the End of your Term will be and the Total Amount of Interest Paid during the term. As well, you can see just how fast you can payoff your mortgage.

NOTE: This informational and interactive calculator is made available to you as self-help tool for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances.