Canadian Mortgage Calculator

Get an estimate of your mortgage payments — for informational purposes only.

Estimate only — not financial advice. This calculator provides a general payment estimate using Canadian semi-annual compounding rules. Results are for informational purposes only and are not a commitment to lend. Actual payment, rates, and terms will vary. Please contact your bank, credit union, or a licensed mortgage specialist directly for accurate pre-qualification and mortgage advice.
Loading Bank of Canada prime-rate reference…
Payment amount — per month
Total interest — over amortization
Total cost — principal + interest
Down payment — of purchase price
Principal Interest
Balance at end of term
Remaining balance — after term
Equity built during term — principal paid + down payment
Year-by-year amortization schedule
Year Annual payment Principal paid Interest paid Remaining balance
Enter mortgage details to calculate.

Important notice: This is a manual estimate calculator provided for general informational purposes only. It is not financial advice and does not constitute an offer or commitment to lend. Canadian mortgage interest is compounded semi-annually, not in advance, as required by the Interest Act (Canada). Results will vary based on your lender, credit profile, property type, and prevailing rates at time of application. CMHC mortgage default insurance premiums (applied when the down payment is under 20% on properties up to $1.5M) are estimated based on published rates and added to the principal in this calculator.

Please contact your bank, credit union, or a licensed mortgage professional directly for accurate pre-qualification, rate commitments, and mortgage advice specific to your situation.