Mortgage calculators

Mortgage Payment Calculator

Estimate your mortgage payments, see your amortization schedule, and compare payment frequencies, all based on current Canadian rates.

Determine Your Payments
$

$25,000

%

Payments of

$2,650

Required mortgage insurance
$19,000
Total mortgage required
$494,000
Interest paid over term
$96,439
Principal paid over term
$62,542
Balance at end of term
$431,458
Start My Pre-Qualification

Amortization

Schedule

PaymentsInterestPrincipalBalance
Payment 1 of 60 – $2,649.67$1,710.02$939.65$493,060.35
Payment 2 of 60 – $2,649.67$1,706.76$942.91$492,117.44
Payment 3 of 60 – $2,649.67$1,703.50$946.17$491,171.27
Payment 4 of 60 – $2,649.67$1,700.22$949.45$490,221.82
Payment 5 of 60 – $2,649.67$1,696.94$952.73$489,269.09
Payment 6 of 60 – $2,649.67$1,693.64$956.03$488,313.06
Payment 7 of 60 – $2,649.67$1,690.33$959.34$487,353.71
Payment 8 of 60 – $2,649.67$1,687.01$962.66$486,391.05
Payment 9 of 60 – $2,649.67$1,683.68$965.99$485,425.06
Payment 10 of 60 – $2,649.67$1,680.33$969.34$484,455.72
Payment 11 of 60 – $2,649.67$1,676.98$972.69$483,483.03
Payment 12 of 60 – $2,649.67$1,673.61$976.06$482,506.97
Total over term$96,438.69$62,541.61$431,458.40

This calculator is for illustrative purposes only. Actual rates, payments, and eligibility may differ. CMHC insurance premiums are estimated and subject to change. Contact Rohit for a personalized quote and pre-qualification.