Use your mortgage statement to help you fill in the following information, starting with the price you’d expect to sell your home for in today’s market.

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*Required field

Enter information about all of your outstanding debts.

 

*Required field

Enter the short-term savings you are able to apply towards paying down your debt.

Enter the amount of money deposited in your bank account after all deductions, followed by the total expenses for items such as groceries, utilities, and transportation.

Housing

 

Contributions/Premiums

 

Recreation/Leisure

 

Daily living

 

Transportation

 

*Required field

 

You could save

$0

and be debt free in

0 year, 0 month !

 

That’s 0 year, 0 month faster than your current situation, by applying all of your excess cash flow in addition to your current debt repayment.

Want to pay down your debt while still saving for other goals?
See how applying different amounts of excess cash flow to your debt can help.

Are you interested in accelerating your debt repayment? See how creating term loans may help by clicking on the Set up term loan(s) button.

Because you have a Line of Credit account balance greater than 65% of the value of your home, we have setup a minimum term loan of { calculated amount }.

Home information

Value of home $
Outstanding mortgage balance $
Penalty cost of breaking mortgage $

Savings

Savings $
Chequing $
Other $

Cash flow

Net income $
Household expenses $
Current debt payment $
Excess cash flow $

Which option is right for you? Talk with an advisor to find out.

The results shown are based on the data you have provided and are for illustrative purposes only and do not guarantee future results. This illustration does not create any legal or contractual obligations for Investors Group and/or National Bank.

All-in-One is subject to credit approval by National Bank. Maximum financing available up to 80% of the property value; with the revolving line of credit portion not exceeding 65% of the property value.

In the illustration provided the current liabilities were assumed to be repaid at the same rate and frequency, and no additional lump‑sum payment would be made. The All-in-One results assume your short-term savings and the difference between your income and monthly expenses will be applied to your outstanding balance. It is assumed there will be no changes in your liabilities, income or monthly expenses.

If your liabilities exceeded 80% of your house value, the illustration would only consolidate your highest interest rate debts up to a maximum of 80% of your house value. Debts not consolidated would be included in your monthly expenses.

All rates are subject to change at any time without notice. The revolving line of credit base rate utilized in this illustration was 3.95%. This is a variable rate that corresponds to the prime rate + 0.50%.

Banking products and services are distributed through Solutions Banking™. Solutions Banking products and services are provided by National Bank of Canada.

™ Solutions Banking is a trademark of Power Financial Corporation. IG Wealth Management and design are trademarks owned by IGM Financial Inc. and licensed to its subsidiary corporations. National Bank of Canada is a licensed user of these trademarks.

Mortgages are offered through I.G. Investment Management Ltd.* Inquiries will be referred to a Mortgage Advisor (in Ontario, a Mortgage Agent, and in Quebec and New Brunswick, a Mortgage Broker).

*In NB & ON registered as a Mortgage Brokerage (ON-License #10809) and Mortgage Administrator (ON-License #11256), and in QC, registered as a financial services firm (QC-License #2400376104).

Delete the term loan data entered and start again?

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