PAY DOWN DEBT OR INVEST CALCULATOR
Wondering whether to pay off your debt faster or invest your extra cash? This pay down debt or invest calculator compares the long-term impact of both strategies. Enter your contribution/prepayment amount, interest rate, expected investment returns, and tax information to see which option could leave you further ahead. Use it as a pay down mortgage or invest calculator to weigh mortgage reduction against potential portfolio growth.
Pay Down Debt or Invest
Tax Info
Province and income are not required if debt is not tax deductible and you are investing in a TFSA. Use the estimate button or enter your own marginal rate.Debt
Investing
Future value — Investing
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Future value — Debt prepayment
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More advantageous (after-tax)
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Disclaimer: All information shown is illustrative and estimates only. This information is not intended to be comprehensive investment, tax, financial or legal advice and should not be considered as personal investment advice, an offer, or solicitation to buy and/or sell investment products. Every effort has been made to ensure accurate information has been provided, however accuracy cannot be guaranteed. Tax rules and other factors change frequently. Past investment performance does not guarantee future results. The manager accepts no responsibility for individual decisions arising from the use or reliance on the information contained herein. Please consult a portfolio manager prior to making any investment decisions.