The All In One Mortgage SolutionFrom Citadel Mortgages β A revolutionary way to manage your money and become mortgage free sooner.
By combining your mortgage, savings and income into a All in one account, you could simplify your banking, save thousands in interest and be debt-free years sooner.
Use this calculator to input information about your home, mortgage, savings, debt and income to see how All In One Mortgage Solution could save you money and get you debt free faster.
Describe your mortgage to us
*Required information *The mortgage payment entered will not pay off your mortgage within 30 years, which is the maximum mortgage repayment option for this calculator. Please increase the mortgage payment entered, or contact a Mortgage Professional to review options. *With All in one solution you could borrow up to 80% of the value of your home. The mortgage balance entered is more than 80% of the value of home (Note β A 3 month mortgage interest prepayment penalty has been added to the mortgage balance you entered). Please enter a lower mortgage amount or contact a Mortgage Professional to review your mortgage needs and possible solutions including the All in One Bank Select mortgage which can be up to 95% of the value of your home.Savings deposited into your All in One account immediately reduce your debt – and you pay interest on a lower balance saving you more in interest costs than you’d be likely to earn in a savings account.
When you open a All in One acount, you could borrow up to 80% of the value of your home. Use this money to pay off the balance of your existing mortgage and your other outstanding loans. With All in One, you pay one low interest rate on every dollar you borrow. In the fields below, enter information about the debts you would like to repay using your All in One account.
Your current mortgage
Current mortgage payment of [MORTGAGE_PAYMENT_BALANCE] made [PAYMENT_FREQUENCY].
Credit Card
Do you pay off your credit card every month?
There is no need to enter credit card debt if you pay it off every month, as this information will be captured on the cash flow screen when you enter your monthly household expense information.
| Outstanding balance* | Interest rate | Monthly payment* | ||
|---|---|---|---|---|
Car loan
| Loan amount* | Loan interest rate | Monthly Payment* | ||
|---|---|---|---|---|
| $0 | % | $0 |
Line of credit
| Loan amount* | Loan interest rate | Monthly Payment* | ||
|---|---|---|---|---|
Personal loan
| Loan amount* | Loan interest rate | Monthly Payment* | ||
|---|---|---|---|---|
Other loan(s)
| Loan amount* | Loan interest rate | Monthly Payment* | ||
|---|---|---|---|---|
The excess income you leave in your All in One account automatically reduces your debt. Enter your household income and expense information in the fields below.
Enter the average monthly household expenses, not including any of the loan/debt information you already entered. Household expenses would include things such as groceries, transportation, utilities and property taxes. You can use the budget worksheet below to help you estimate your monthly expenses, or we can estimate your expenses based on your annual household income.
Maximum allowed: $0
You cannot exceed this value.Housing costs Total: $0
Financial Total: $0
Recreation & leisure Total: $0
Daily living Total: $0
Transportation Total: $0
Your All in One account number is [MONE_NUMBER] . With All In One Mortgage Solution you could save [MONE_INTEREST_SAVE] in interest costs and be debt free in [MONE_WAY_TIME]. That is [CURRENT_WAY_TIME] earlier than your current way.
Total interest paid
Total interest paid
$0
$0
Projected time to be debt-free
You could be debt-free in
0 years, 0 months
0 years, 0 months
Get started now with your Citadel Mortgage agent online at https://citadelmortgages.ca/all-in-one-mortgage/ or call us at 1-866-600-8762
All In One Mortgage Solution gives you the flexibility to divide up to 100% of your debt into sub-accounts allowing you to:
- Track some of your debt separately
- Lock in a portion of your debt at a fixed interest rate to minimize your impact to rising mortgage interest rates
- Have a specific paydown schedule which lowers your credit limit
Use the fields below to calculate how adding a sub-account(s) to your All In One Mortgage Solution One can help you save interest and get you debt-free sooner.
Main account balance
Interest rate
$0
0%
Sub-accounts balance
Borrowing limit
$0
0%
Total interest paid
Total interest paid
$0
$0
Projected time to be debt-free
You could be debt-free in
0 years, 0 months
0 years, 0 months
SUB-ACCOUNT 1
SUB-ACCOUNT 2
SUB-ACCOUNT 3
SUB-ACCOUNT 4
SUB-ACCOUNT 5
The following table shows the potential year-by-year breakdown of your cash flows for each of two strategies - your current way of banking, and managing your banking with All In One Mortgage Solution. The table shows what your principal and interest payments would be each year, and also shows your outstanding debt at the end of each year.
In the illustration, we have referred to the "Current Way" and the "One Way". The "Current Way" assumes that each current liability will continue to be repaid at the same rate and frequency as it has been and that no additional lump sum payment will be made. The "One Way" assumes that your savings and the entire difference between your income and your expenses will be applied to your borrowings.
If you would like to have some of the difference in money between your expenses and income go to other needs, such as other programs with your financial advisor or other future/planned living expenses, instead of this money going entirely to repaying the debt within All In One Mortgage Solution, please increase your expenses in the calculator. Please note this will increase the time it takes to be debt free. Click print for details or contact a Mortgage Professional for a complete review.
Current way
| Year | Principal | Interest | Ending Balance |
|---|
All in One Mortgage Solution
| Year | Principal | Interest | Ending Balance |
|---|
One Way vs. the Current Way
In the illustration, we have referred to the "Current Way" and the "One Way". The "Current Way" assumes that each current liability will continue to be repaid at the same rate and frequency as it has been and that no additional lump sum payment will be made. The "One Way" assumes that your savings and the entire difference between your income and your expenses will be applied to our borrowings.
Your initial balance
The "One way" initial balance is your total liabilities less your savings plus any penalties incurred for moving over your mortgage before it is up for renewal. For illustrative purposes, we have assumed a three-month mortgage penalty.
Rate
The All In One Mortgage Solution figures are based on an entered All In One Mortgage Solution base rate of 3.50%. This rate is for illustrative purposes only. The All In One Mortgage Solution rate is calculated on the daily closing balance and charged to the account monthly. Sub-accounts rates (if applicable) assume a fixed rate for the entire term of your mortgage. Sub-Accounts rates entered and results generated are for illustrative purposes only. In most cases, you will need to renew your sub-accounts one or more times, possibly at different interest rates, before the sub-account is completely repaid. The calculation assumes all payments are made when due and an interest rate and principal payment is charged to the main All in One Mortgage account monthly. For current interest rate information, call 1-866-600-8762 or visit our web site at citadelmortgages.ca
Costs
All in One Mortgage account holders pay a monthly administration fee - which is currently $14.00 - to cover the costs of all regular banking transactions and this fee is included in the illustration of the "One Way" (clients 65 years of age and older pay $7.00 per month). Any costs associated with breaking your current mortgage (if applicable) shown in this illustration are an estimate only and may vary. Total Payment for One Way, shown on page 2 includes principal, interest and the monthly All In One Mortgage Solution fee. For a complete listing of all fees and services visit at citadelmortgages.ca.
RESULTS
This report and all calculations within it are based on the assumptions you provided, and are for illustrative purposes only and not a guarantee of future results. Since your results will differ from this illustration, it is important that you review your account on a regular basis to ensure you are still meeting your financial goals. This report is a calculation of potential All In One Mortgage Solution benefits, assuming you were able to open this account today. However, to get started with All In One Mortgage Solution , you must first apply, have All in One Mortgage account review your application and, if approved, move your banking into the All in One Mortgage account.
All In One Mortgage Solution For Your Future logo, the Block Design, All In One Mortgage Solution and the One logo, the Four Cubes Design, and Strong Reliable Trustworthy Forward-thinking, are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
This graph shows the value of your home, your mortgage balance less any savings, your consolidated debts and how much money you could potentially borrow with All In One Mortgage Solution. This graph is updated as you enter information on each of the calculator tabs.
