Mortgage payment calculator

Calculate your monthly payment and total interest cost for any Canadian mortgage.

Your mortgage details

$100,000$3,000,000
5%50%

$140,000 down — loan amount: $560,000

0.5%15%
5 yrs30 yrs

Illustrative only. Assumes fixed rate, monthly compounding, and no prepayments. Actual rates, CMHC premiums, and payment schedules vary by lender. This is not mortgage advice.

Monthly payment

$3,337/mo

Loan amount$560,000
Total interest paid$441,142
Total cost of mortgage$1,001,142
Interest as % of loan79%

Principal vs. interest by year

Protect this mortgage

Mortgage life insurance from your lender covers the bank, not your family. A personal life insurance policy pays your family directly and goes far beyond just paying off the mortgage.

Mortgage insurance vs. life insurance

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