Estimate a monthly mortgage payment and the total interest over the amortization. Enter the price, down payment, rate and term to see the numbers instantly.
Estimate only — not financial, legal or tax advice. Figures depend on your actual rates, terms and local costs.
Canadian mortgages are compounded semi-annually by law, not monthly — so this calculator converts your annual rate the Canadian way before computing the payment, giving a more accurate figure than a simple monthly-compounding tool.
The mortgage amount is the price minus your down payment. The monthly payment is what fully pays off that amount over the amortization at the given rate; total interest is everything you pay on top of the principal across the full term.
Agents: help buyers picture the payment, then run the whole listing — copy, media and marketing — from one workspace. Free for 14 days.
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