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RBC Royal Bank's powerful Double-Up option gives you the flexibility to prepay any amount between $100 and the equivalent of the principal and interest portion of your regular monthly mortgage payment on any or every payment date.

Did You Know?

Your Double-Up payment is applied directly against the principal balance of your mortgage, which cuts down the life of your mortgage and saves interest costs.

Example: $350,000 Fixed-Rate Mortgage at 5.00%1

This example shows how effectively you can reduce the time it takes to pay off your mortgage simply by doubling up one monthly payment each month.

  Monthly payments and 25-year amortization With one double up payment of $100 per month
Mortgage repaid (years) 25 22yrs, 10 months
Monthly Payment $2,035.62 $2,035.62
Total Cost Interest2 $260,684 $234,609
Interest Savings2 N/A $26,076

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