Estimate a monthly mortgage payment and the total interest over the amortization. Enter the price, down payment, rate and term to see the numbers.
Estimate only, not financial, legal or tax advice. Figures depend on your actual rates, terms and local costs.
Canadian mortgages are compounded semi-annually by law, not monthly, so this calculator converts your annual rate the Canadian way before computing the payment, giving a more accurate figure than a simple monthly-compounding tool.
The mortgage amount is the price minus your down payment. The monthly payment is what fully pays off that amount over the amortization at the given rate; total interest is everything you pay on top of the principal across the full term.
Agents: help buyers picture the payment, then run the whole listing (copy and marketing) from one workspace. Free for one listing at a time, no credit card.
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