Free Tool
Mortgage Payment Calculator
See what a home actually costs per month — principal, interest, and insurance premiums included.
The purchase
The mortgage
Estimated interest rate5.5%
Amortization period25 yrs
Payment frequency
Estimates only, not a rate quote or loan approval. Assumes standard Canadian semi-annual compounding. If your down payment is under 20%, this includes an estimated mortgage default insurance premium added to the loan. Actual rates, premiums, and qualification depend on the lender and your file.