Mortgage Calculator Canada
Use our handy mortgage amortization calculator to work out your mortgage payments. Simply change the amount you wish to borrow, the term over which you intend to pay it off and the interest rate. Then hit the ‘Calculate’ button.
Download a desktop copy of our mortgage calculator:
The first figure gives the down payment based on the precentage that you input in the down payment field.
The first figure gives the total monthly payment for a straight repayment mortgage, including both interest and payment towards the capital loan amount. This reduces the amount owed on the capital, month by month.
The second figure shows the mortgage value which you will be paying interest for.
The third figure shows the monthly payment.
We recommend that you obtain exact figures from a specific lender before committing to any mortgage.
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The calculation assumes a constant interest rate throughout the amortization and mortgage rates are subject to change at any time without notice. Interest rate compounded half-yearly, not in advance.