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.
New: Includes a qualifying (stress test) payment view to compare against your contract payment.
Payment amount
Interest paid over term
Principal paid over term
Balance end of term
Mortgage insurance (estimate)
Premium amount
Premium rate
Payment method
Added to mortgage
Paid upfront
Qualifying / stress test (Canada)
Lenders qualify you at the higher of the benchmark rate or your contract rate plus a buffer.
This is a planning aid only. Lenders may use different benchmarks and ratios.
Contract rate
Benchmark rate
Buffer
Qualifying rate
Qualifying payment
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.
Related guides
- How the mortgage stress test works in CanadaA plain‑language guide to qualifying rates, benchmark rules, and why the stress test payment is higher than your contract payment.
- How to compare mortgage rate quotes fairlyA practical checklist for comparing lenders by rate, term, fees, and penalties—not just the headline payment.
- Mortgage insurance: what it covers (and what it doesn’t)Understand when insurance is required, how premiums are calculated, and the limits that still apply for Canadian buyers.
Results are estimates for informational purposes only.