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RRSP vs. Canadian Mortgage Paydown Calculator


Its a common question. Should you pay down your mortgage or contribute more to your RRSP? Perhaps do both by contributing to your RRSP then using your tax refund to pay down your mortgage?

Our RRSP vs. Mortgage calculator calculates these scenarios for you:
  • Add an additional contribution amount to your RRSP, as well as the resulting tax refund.
  • Add an additional contribution amount to pay down your mortgage faster.
  • Add an additional contribution amount to your RRSP, with the resulting tax refund going to pay down your mortgage faster.
find out how to use your rrsp to save on your mortgage, and make your overall savings grow



Current Mortgage Balance: $
Current Monthly Mortgage Payment: $
Mortgage Annual Interest Rate: %
RRSP Interest Rate: %
Years to display: (1-99)
Additional Monthly contribution
(applied to the mortgage or RRSP): $
Your Marginal Tax Rate: %
 
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