Payment Analysis
Payment Calculator
Calculate monthly payments and discover potential savings with accelerated payment options.
Smart Mortgage Payment Calculator
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Payment Options
Monthly Payment
$3,851
12 payments/year
Bi-weekly Payment
$1,925.50
26 payments/year
Annual Savings
$2,739
With bi-weekly payments
Accelerated Payment Benefits
By switching to bi-weekly payments, you could save $2,739.377 annually and pay off your mortgage faster.
Payment Frequency Benefits
Bi-weekly Payments
Making 26 bi-weekly payments equals 13 monthly payments per year, reducing your amortization period and total interest paid.
Interest Savings
Extra payments go directly toward principal, reducing the amount of interest calculated on your remaining balance.
Note: This calculator includes payment frequency comparison analysis. Provincial taxes and fees may apply. Results are for educational purposes only.