Thinking about skipping a mortgage payment?
Adjust the details below to suit your mortgage to find out what it would cost to skip a mortgage payment.
$
$100
$5,000
years
1 year
30 years
%
1.00%
12.00%
Results
What will it cost?what does it cost
It could cost youAttention
$0.00
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in additional interest over your remaining amortization period. You can repay the skipped payment amount at any time during the current term of your mortgage.
Based on your inputs, we are not able to calculate the cost of skipping your payment. Please contact us to discuss further.
We’re Here to Help

If you wish to skip a mortgage payment, follow these steps:

  1. Sign into Online Banking.
  2. From the Account Summary page, select your mortgage account.
  3. Select the Skip a Payment link at the bottom of the page and follow the instructions.

Skip-a-Payment requests could take up to five days to process. If you are within five days of your regular mortgage payment date, the current payment will be processed, and your next payment may be skipped.

Learn more about Skip-A-Payment®
Please review the following disclaimers

Calculations assume the skipped payment is applied to the 12th payment in a monthly payment frequency.

Royal Bank of Canada uses reasonable efforts to include accurate and up-to-date information in this calculator, but cannot guarantee that all information is accurate, complete or current at all times. Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with this calculator, nor will it be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results. The calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. You should speak with your professional accountant or other professional advisors before making a final decision to ensure any strategy meets your overall financial needs and that your personal circumstances have been taken into account. Please note that this information is applicable to residential mortgages only and subject to Royal Bank of Canada lending criteria for residential properties. Some conditions apply.

Refer to your registered mortgage document or Approval of Mortgage and Cost of Borrowing Disclosure statement for the details specific to your mortgage.

Personal lending products and residential mortgages are provided by Royal Bank of Canada and are subject to its standard lending criteria.