Free tool
Mortgage payment calculator
Adjust the price, down payment, rate, and payment frequency to see how each choice changes your payment and total interest. Built for Canadian mortgages. Use the tabs below to switch tools.
Estimated monthly payment
$4,360.94
About $4,361 per month. Paid off in 25.0 years.
Mortgage amount
$788,715
Default insurance premium
$23,715
Total interest over amortization
$519,567
Total of all payments
$1,308,282
Stress test: a federally regulated lender would qualify you at 6.49%, which is a monthly payment of about $5,278. You don't pay that amount; it limits how much you can borrow.
Estimates only, using semi-annual compounding as required for Canadian fixed-rate mortgages. Insurance premiums, provincial sales tax on premiums, property taxes, and condo fees are not included in the payment. Actual rates and approvals depend on your full application.
Numbers are a start. Let's turn them into a plan.
A calculator can't tell you which lender will approve you or how to structure your down payment. A short call can.