Should I Pay Off My Mortgage or Invest?

Compare prepaying your mortgage vs investing your extra payment. Built for Canadian homeowners.🇨🇦

Mortgage Details

Loan Balance$10,000

$10,000$2,000,000

Interest Rate0.00%

0.00%20.00%

Years Remaining0 years

0 years50 years

Months Remaining0 months

0 months11 months

Regular Monthly Payment$100

$100$10,000

Extra Payment Amount$0

$0$5,000

Payment Frequency

Extra payment applied every month

Expected Annual Return0.0%

0.0%15.0%

Quick Select

Home Value & Appreciation

Include home value appreciation in net worth calculations

Show Results in Real Terms (Inflation-Adjusted)

Convert all values to today's purchasing power

Winner

Tie

Very close results

Net Worth Difference

Strategies are equal

Prepay Mortgage-Free Date

April 4, 2034

1 years earlier than investing

Both strategies yield similar results. Over the remaining mortgage term (0 months), the difference in net worth is approximately negligible.

Calculation methodology