Active Mortgage · Planning tools
Plan your mortgage prepayments
Try an extra payment now, a yearly contribution or a larger regular payment. Compare the repayment timeline before deciding what fits your budget.
Start with your mortgage
Choose a payment schedule
Scheduled payment: $2,212 monthly.
Add your planned contributions
Your estimated savings
No extra contributions selected yet. Your two repayment paths currently match.
A separate look at accelerated payments
Bi-weekly accelerated compared with monthly reduces the timeline by 3 years 4 months and interest by $39,907. This comparison excludes all extra contributions above.
- Monthly completion
- October 2051
- Interest on that schedule
- $263,501
- Bi-weekly accelerated completion
- July 2048
- Interest on accelerated schedule
- $223,594
Keep your scheduled payments
- Estimated completion
- October 2051
- Remaining repayment time
- 25 years
- Interest over the schedule
- $263,501
Include your extra contributions
- Estimated completion
- October 2051
- Remaining repayment time
- 25 years
- Interest over the schedule
- $263,501
How the balance changes
Team Active Mortgage
Mortgage prepayment savings
October 26, 2026
Your inputs
- Mortgage balance today: $400,000
- Mortgage rate (example rate only): 4.49%
- Years left to repay: 25 years
- Payment schedule: Monthly
- Single extra payment: $0
- Extra payment timing: Now
- Yearly extra payment: $0
- Regular payment increase: 0%
Illustration only, using Canadian semi-annual compounding and a constant rate. Check your lender’s prepayment allowance, timing and any penalties before making additional payments. Dates are estimated from today.
Comparing another use for that cash? Explore monthly investing alongside mortgage paydown.
Talk through your next step with our brokers
Your lender’s terms, household budget and goals matter alongside the numbers. Our team can help you review your mortgage options.