Mortgage Calculator
Calculate mortgage payments, amortization, and CMHC insurance requirements. Real-time calculator with payment frequency options.
Mortgage Calculator
Calculate your mortgage payments and see how different scenarios compare
Mortgage Details
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Semi-annual compounding (Canadian standard)
Uses Canadian semi-annual compounding. Actual rates may vary. Consult a mortgage broker for personalized quotes.
Monthly Payment
$2,962.48
Principal $520,000 at 4.79% over 25 years
What If Rates Change?
3.79%
$2,676
Save $286/mo
Current
$2,962
4.79%
5.79%
$3,262
+$300/mo
Total Interest
$368,745
Total Cost
$888,745
Amortization Breakdown
Year 1
$508,873
Year 5
$458,706
Year 10
$381,044
Year 15
$282,644
Year 20
$157,968
Year 25
$0
Interest PrincipalBalance shown at right
Accelerated Payment Savings
Switching to accelerated bi-weekly payments would:
3.3 yrs
Earlier payoff
$54,312
Interest saved
Cost Breakdown
Home Price$650,000
Down Payment (20.0%)-$130,000
Total Interest Paid$368,745
Total Cost$888,745