Mortgage Prepayment Calculator

To save on interest and pay off your mortgage faster, there are some prepayment options to consider.

With our 20/20 paydown option, you can pay up to 20% of your original mortgage principal each year in addition to increasing your scheduled payments by 20% without penalty.

You can also increase your payment frequency e.g. switching from monthly payments to bi-weekly payments.

Try our mortgage prepayment calculator (not IE compatible) to see additional prepayment options or book an appointment to speak with a Financial Advisor.

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Federal Continuance

For information on upcoming changes to DEPOSIT INSURANCE if we become a federal credit union, see our disclosure notice. Creditors who have concerns may contact Innovation Credit Union.

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