Prepayment Analyzer
See how much interest a one-time lump sum saves you, and how many years it shaves off your amortization.
CAD
%
years
CAD
yr
Most lenders allow annual lump-sum prepayments of 10–20% of the original balance without penalty. Ask your broker to check your specific privileges.
INTEREST SAVED
$45,578
Amortization shortened by1y 10m
Interest without prepayment$371,554
Interest with prepayment$325,976
Monthly payment (unchanged)$2,905.18