Mortgage Payment Calculator

Mortgage Amount - Start here by entering Your Requested Mortgage amount.

  • Rate - Adjust Your Rate based on your Program & Offer.
  • Amortization - Choose your duration in years required to pay off your full mortgage amount. It ranges from 25 - 30 years.
$

$Rate

Your mortgage interest rate can either be Fixed for the term or Variable (which changes with the prime rate). The Rate Term is the contract length with a lender.

%

Amortization

Amortization is the total time it takes to pay off your mortgage in full. New mortgages usually start with an amortization of 25 years or 30 years in Canada.

years

Mortgage Payment

$8,892

Monthly

Payment breakdown

Principal Paid

$

Interest Paid

$

Total payment

$

Balance end of term

Effective Amortization