Mortgage Balance Calculator
Find out exactly what your mortgage balance will be on any future date. Compare how different payment frequencies — including accelerated options — affect your payoff timeline.
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See your balance at any point
6 Frequencies
Including accelerated options
Canadian Rates
Semi-annual compounding
Mortgage Balance Lookup
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Balance on Feb 2031
$0
Principal Paid
$0
Interest Paid
$0
Payments Made
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*Uses Canadian semi-annual compounding. Estimates only — actual balance may vary.
Why Use Our Balance Calculator?
Renewal Planning
Know exactly what your balance will be when your term comes up for renewal — no surprises.
Accelerated Payoff
Compare how accelerated bi-weekly or weekly payments reduce your balance faster than standard frequencies.
Equity Tracking
Track how much equity you're building over time by seeing principal paid vs. interest paid.
Refinance Decisions
Understand your future balance to decide when refinancing makes financial sense.
Understanding Payment Frequencies
Standard Frequencies
Monthly (12/yr), Semi-Monthly (24/yr), Bi-Weekly (26/yr), and Weekly (52/yr) all result in the same annual payment — they just split it into smaller, more frequent instalments.
Semi-monthly pays exactly twice per month. Bi-weekly pays every two weeks, which results in 26 payments — slightly more frequent than semi-monthly's 24.
⚡ Accelerated Frequencies
Accelerated Bi-Weekly takes your monthly payment, divides by 2, and pays it 26 times per year. This equals 13 monthly payments annually — one extra payment compared to standard.
Accelerated Weekly divides your monthly payment by 4 and pays 52 times per year, also equalling 13 monthly payments. Both options can shave years off your mortgage.
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