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Canadian Mortgage Calculator

Calculate your mortgage payment, total interest and amortization in seconds — using Canadian mortgage conventions.

No signup. No lender offers. Just the numbers behind your mortgage.

ASSUMPTIONS

Change any value. Results update automatically.

Home price

Purchase price in Canadian dollars.

Down payment

Amount Percent

$100,000 — 20.00%

Interest rate

Amortization

Mortgage term

Payment frequency

One payment each month.

ESTIMATED MORTGAGE PAYMENT

— / month

Total mortgage amount —

Interest over term —

Principal paid over term —

Balance after term —

Interest over full amortization—

Total mortgage payments—

Estimated payoff time—

MORTGAGE COMPOSITION

See what is being financed

Mortgage default insurance is not included because the down payment is at least 20%.

Purchase price: —
Down payment: —
Base mortgage: —
Estimated insurance premium: —
Total mortgage amount: —

Mortgage default insurance protects the lender, not the borrower, and may be required with less than 20% down. Rules and premiums can change. Provincial sales tax may apply and is not included. Confirm the actual premium and eligibility with your lender or insurer.

PAYMENT BREAKDOWN

Principal vs. interest

5-year mortgage term

Principal: —
Interest: —
Total payments: —

AMORTIZATION TRACE

Follow your mortgage over time

The full projection assumes the entered rate stays unchanged after renewal.

Remaining balance Cumulative principal Cumulative interest

Explore year

Year 5 Remaining balance — Principal paid — Interest paid —

PAYMENT SCHEDULE

Amortization table

Scroll horizontally to see all columns.

Annual mortgage amortization schedule
Period	Payment	Principal	Interest	Remaining balance

RATE SENSITIVITY

What if rates change?

Compare the same mortgage across nearby rates. Selecting a rate updates the complete scenario.

Scroll horizontally to see all columns.

Payments at different interest rates
Rate	Payment	Action

NEXT DECISIONS

Take the estimate further

Prepayment calculator See how extra payments change interest and payoff time. Renewal calculator Estimate your payment at a new rate.

About this estimate

Mortgage payments use a nominal annual interest rate compounded semi-annually, consistent with Canadian fixed-rate mortgage conventions. Full-amortization totals assume the entered rate remains unchanged, even though Canadian mortgages normally renew across multiple terms.

Read the calculation methodology