Toronto Real Estate with the Julie Kinnear Team

ABOUT Inukshuk Philosophy
Direct line: 416-762-8255   Email:

Outgrown
your home and
looking to move up?
Click here for special report

Outgrown
your home and
looking to move up?
Click here for special report.

Canadian Mortgage Isolator Calculator

This Mortgage Isolator Calculator helps you calculate how to pay off your mortgage more quickly.

How to Use The Mortgage Isolator

 

  1. First fill any three of the first four items.
  2. When you edit items 5, 6, or 7 you will be see the results will change
  3. Try
    • different payment intervals
    • making an extra payment
    • increasing your payments
    • making a lump sum payment

 



Calculate the effects of prepaying by completing the boxes below*

1. Mortgage Amount ($)
2. Interest Rate (%)
3. Initial Amortization Period Year(s)
Month(s)
4. Initial Mortgage Payment ($)
5. Payment Frequency
Accelerated:
6. Lump Sum Payment
(Annually in $)		 Period: Year(s)
7. Mortgage Payment Increase
(Annually)		 Period: Year(s)

*Note that if you fill in any three of the four first four values the calculator will automatically
calculate the fourth when you press the compute button beside that value.

 

Results

 

By making prepayments, the amount of time it will take to pay off your mortgage has been reduced to Year(s) and Month(s).
This also represents a savings of $ in interest.
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Royal LePage Real Estate Services Ltd. Brokerage

Free Garage Sale Signs

available for loan to all past and present clients!

Don't hesitate to call as Garage Sale season and spring cleaning starts in Toronto. More Toronto spring cleaning tips here.

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