Prepayment Calculator

Understanding your mortgage costs is the first step toward confident homeownership. This calculator uses Ontario-specific rules and current market assumptions to help you plan - then talk to Bobby for a strategy tailored to your situation.

Current Mortgage Balance ($)

Interest Rate (%)

Remaining Amortization (years)

Prepayment StrategyOne-time lump sumExtra monthly paymentAnnual lump sum

Lump Sum Amount ($)

Calculate Prepayment Impact

Assumes prepayments are within your annual privilege (typically 10-20% of original principal). Penalties not included.

Why Use This Calculator?

Ontario mortgages involve provincial land transfer tax, CMHC insurance thresholds, and stress-test qualifying rates. Our tools are built for local rules - not generic US calculators.

Next Steps

Calculators show possibilities. A finance consultation turns numbers into a strategy - especially for self-employed, private, and alternative lending scenarios.