Canadian Mortgage Payment Calculator
Enter the price, your down payment and the rate your lender quoted. We apply Canadian semi-annual compounding, add mortgage default insurance when you put down less than 20%, and flag anything a lender wouldn’t accept.
Build your mortgage
Allows a 30-year amortization with less than 20% down (insurance costs 0.20% more).
CAD · Illustrative rate · Enter your own lender quote
Estimated monthly payment
$4,427.78 per month
per month
- Mortgage amount
- $800,000
- Down payment
- $200,000 (20.0%)
2-year fixed closed term. Lifetime split over 25 years with the rate held at 4.5%, compounded semi-annually (fixed). Estimate only, not a lending offer.
Amortization schedule
First 2 years| Year | Paid | Interest | Principal | Extra | Balance |
|---|---|---|---|---|---|
| Year 1 | $53,133.36 | $35,305.72 | $17,827.64 | $0.00 | $782,172.36 |
| Year 2 | $53,133.36 | $34,494.44 | $18,638.92 | $0.00 | $763,533.44 |
Rate held at 4.5% for the whole amortization. Estimate only.
Calculations are estimates for general educational use and are not financial, mortgage, tax or legal advice, a lending offer or approval. Actual payments, qualification, rates, insurance, taxes and fees depend on your lender, contract and circumstances. Projections hold your entered rate constant after the term; future rates may differ.
More calculators
- Land transfer taxProvincial and municipal tax with first-time buyer rebates, by jurisdiction.
- Mortgage renewalSee how a new rate changes your payment when your term ends.
- RefinanceEquity you can access, the new payment and when breaking pays off.
- AffordabilityThe highest price you could qualify for under the stress test.
- PrepaymentHow much interest and time extra payments save.