You're probably paying more for your mortgage than you think.
Not because of your rate—
but because of the hidden Cost of Credit.
Takes 2 minutes • No obligation
Your rate looks competitive
Banks show you this first. It feels reassuring.
Your payment feels manageable
Monthly obligations fit your budget. Check.
Your mortgage keeps dragging on
Year after year. The timeline never seems to shrink.
The interest quietly adds up
Hidden. Compounding. Growing silently every single day.
A low rate does NOT mean a low cost.
The number that matters is hiding in plain sight.
Interest Rate ≠ Cost of Credit
Interest Rate
What you're shown
• Advertised percentage
• Looks good on paper
• Easy to compare
• Hides the real cost
Cost of Credit
What you actually pay
• Total interest over time
• Years of your life
• Opportunity cost
• The full picture
Most homeowners never see this number.
Interest Rate
4.5%
Looks reasonable
Your Cost of Credit
on a $500,000 mortgage
$407,588
The number they don't show you
When you only focus on the rate, you miss the real risk: years lost, interest compounded, and flexibility taken away.
Years Lost
Every extra year is 12 more months of payments, restrictions, and delayed freedom.
Interest Compounded
Interest on interest on interest. The longer it runs, the more it costs.
Flexibility Taken Away
Your mortgage controls your cash flow, your decisions, your options.
The biggest mortgage mistake isn't choosing the wrong rate.
It's never seeing the full picture.
See the Full Cost—Then Decide
This calculator shows the true cost of your mortgage and reveals where interest, time, and structure are working against you.
Total Interest Paid
See the complete dollar amount you'll pay in interest over the life of your mortgage.
Years Tied to the Mortgage
Understand exactly how long you'll be making payments at your current pace.
Opportunities to Reduce Both
Discover specific strategies to lower your total cost and timeline without changing your lifestyle.
What Happens When People See the Number
📍 Langley Homeowners
Before
Cost of Credit
Mortgage Timeline
years
With Strategy
Cost of Credit
Mortgage Timeline
years
Total Savings
$0
+ 14 years of freedom
No gimmicks. Just clarity.
Who Built This?
I'm Camilo Rodriguez—mortgage broker and founder of Mortgages Lab® with 20+ years of experience and author of From Debt to Zero.
My focus isn't creating mortgages. It's helping people eliminate them.
Before you renew, refinance, or overpay—
see the number your bank never shows you.
The goal isn't a low rate. The goal is a zero balance.