Mortgage payment calculator (Canada)
Calculate your mortgage payment and view an amortization schedule by term and amortization.
Canadian convention: rates are calculated using nominal annual rate compounded semi-annually.
Payment amount
Interest paid over term
Principal paid over term
Balance end of term
Rate comparisons
| Rate | Payment | Term interest | Balance end of term |
|---|
Balance over time
Amortization schedule
How we calculated this
- Payment uses the Canadian compounding convention (nominal rate, semi-annual).
- Payment frequency impacts the number of payments per year.
- Accelerated payments are based on monthly payment divided by 2 or 4.
Results are estimates for informational purposes only.