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Curtailment Is just that-paying down your mortgage faster than scheduled and slicing through the interest like a hot knife through butter. Whether it’s a partial or full curtailment, every dollar put toward the principal is a step closer to waving goodbye to your mortgage.

Principal curtailment: how extra payments save $100K+. Real example: $200/mo extra on $350K loan = $112K saved + 6 years early payoff. Curtailment vs recast vs refinance. Updated Sept 12, 2026.

Free mortgage payoff calculator to evaluate options to pay off a mortgage earlier, such as extra payments, bi-weekly payments, or paying back altogether.

Free Canadian mortgage penalty calculator. Estimates both 3-month interest and Big-6 posted-rate IRD penalties — see which one applies and why.

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Mortgage curtailment is the act of paying off a mortgage ahead of schedule by making additional payments. This accelerates the repayment process and shortens the loan term, helping homeowners potentially save thousands in interest payments.

Use a mortgage calculator to find out how paying an additional amount in a mortgage curtailment will affect the amount you owe and the duration of your loan. Find out about possible fees, restrictions and prepayment penalties from your lender. Find out about tax considerations when you pay off your mortgage early.

A principal curtailment is an extra payment applied directly to a loan’s outstanding principal. After a curtailment lenders recalculate the amortization schedule, which reduces future interest and either shortens the loan term or lowers monthly payments depending on whether you keep the same payment amount or request a re‑amortization/recast.

Use our Mortgage Principal Reduction Calculator to see how extra payments lower your loan balance, shorten your term, and save thousands in interest.

How curtailment works, when to use it, and how much interest you can save.