Canadian mortgage payment calculator

Estimate monthly mortgage payments and the housing costs you enter. Adjust price, down payment, interest and amortization without sharing your financial details.

Start with an example, then enter your own figures. The 5% rate is illustrative, not a current offer. Enter lender-confirmed financed premiums or fees; they are not calculated automatically.

Purchase price · CAD

Down payment · CAD

Annual interest rate · %

Amortization · years

Financed insurance premium / costs · CAD

Annual property tax · CAD

Monthly condo fee · CAD

Monthly home insurance · CAD

Amounts are calculated in this browser only. They are not automatically sent to Sue or the AI assistant.

YOUR MONTHLY ESTIMATE

Mortgage payment

$4,652.84

Principal + interest · per month

Mortgage principal: $800,000.00
Other monthly costs entered: $0.00
Combined monthly estimate: $4,652.84

An estimate, not an approval or quote. Costs left at zero are excluded, not confirmed to be free. Utilities, repairs and closing costs are not included.

How this estimate works

This tool assumes monthly payments and a nominal annual rate compounded twice a year. Mortgage principal is price minus down payment plus the financed costs you enter. It does not determine eligibility, minimum down payment, insurance premiums or lender-approved amortization. Different lender methods may produce different payments.

Amortization is not the mortgage term

Amortization describes the planned repayment horizon; the mortgage term is the duration of a particular contract. Rates and terms can change at renewal. Confirm financing with your lender or licensed mortgage professional before making a purchase commitment.

Source information: Financial Consumer Agency of Canada · Mortgage Calculator ↗

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