LIVE MARKET DATA
5-Year Fixed: 4.14% ▼ 0.05%
5-Year Variable: 6.10% FIXED
3-Year Fixed: 4.59% ▲ 0.02%
Insured Rate: 3.99% ▼ 0.10%
Prime Rate: 7.20% UNCH
5-Year Fixed: 4.14% ▼ 0.05%
5-Year Variable: 6.10% FIXED
3-Year Fixed: 4.59% ▲ 0.02%
Insured Rate: 3.99% ▼ 0.10%
Prime Rate: 7.20% UNCH
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MORTGAGE TOOLS

Mortgage Payment Calculator.

Estimate your monthly payments and see how interest rates, down payments, and amortization periods affect your bottom line.

$500,000
20%

Down payment amount: $100,000

YOUR ESTIMATED MONTHLY PAYMENT

$2,213.73
Principal & Interest $2,213.73
Total Interest Over Term $264,119
Mortgage Amount $400,000
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Understanding your calculation.

Our calculator uses the standard Canadian mortgage formula, which assumes semi-annual compounding for fixed rates. This estimate does not include property taxes, home insurance, or utilities, which should be factored into your overall monthly budget.

If your down payment is less than 20%, CMHC mortgage default insurance will be automatically added to your mortgage amount.