Mortgage Payment Calculator Canada

Calculate your exact mortgage payment using Canadian semi-annual compounding rules. Enter your mortgage amount, rate, and amortization period to see your payment and a full year-by-year amortization schedule.

Mortgage Details
$
%

Monthly Payment

$3,051.96

Total Interest

$415,587.22

Total Cost

$915,587.22

# of Payments

300

Amortization Schedule
YearPrincipalInterestBalance
1$9,672.11$26,951.38$490,327.89
2$10,211.39$26,412.10$480,116.51
3$10,780.74$25,842.75$469,335.77
4$11,381.83$25,241.66$457,953.94
5$12,016.44$24,607.05$445,937.50
6$12,686.43$23,937.06$433,251.07
7$13,393.78$23,229.71$419,857.30
8$14,140.56$22,482.93$405,716.73
9$14,928.99$21,694.50$390,787.74
10$15,761.37$20,862.12$375,026.37
11$16,640.17$19,983.32$358,386.20
12$17,567.96$19,055.53$340,818.24
13$18,547.49$18,076.00$322,270.75
14$19,581.62$17,041.87$302,689.13
15$20,673.42$15,950.07$282,015.71
16$21,826.09$14,797.40$260,189.62
17$23,043.03$13,580.45$237,146.58
18$24,327.83$12,295.66$212,818.75
19$25,684.26$10,939.23$187,134.50
20$27,116.31$9,507.17$160,018.18
21$28,628.22$7,995.27$131,389.96
22$30,224.42$6,399.07$101,165.54
23$31,909.62$4,713.87$69,255.92
24$33,688.78$2,934.71$35,567.14
25$35,567.14$1,056.35$0.00

Want to see what rate you actually qualify for?

Sudhir Patel can compare 40+ lenders and find you a better rate than your bank — free, no obligation.

Talk to Sudhir — It's Free

Frequently Asked Questions