Estimated time: 5 min.
Your mortgage
Mortgage payment breakdown
Your monthly payment
$
Total interest paid
$
Total amount you pay in payments
$
Tip
Making a lump sum repayment to your existing home loan can help you save on interest paid (in the long run)! Be sure to check with your lender if there are any prepayment penalties first.
You can also save on interest paid on your loan if you opt for a shorter loan period (provided you can afford the slightly higher monthly payments).
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