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Mortgage Calculator
Estimate your payment using Canadian mortgage math. A starting point for planning — not a pre-approval.
Estimated monthly payment
$1,861.14
- Mortgage amount
- $320,000
- Down payment
- 20.0%
- Total interest over 25 years
- $238,341
- Total of 300 payments
- $558,341
Totals assume the same rate for the full amortization. Real rates usually change at each renewal.
Estimate only — not a pre-approval, quote or offer of credit. Calculated for a fixed rate with interest compounded semi-annually, as is standard for Canadian fixed-rate mortgages; bi-weekly and weekly payments are non-accelerated. Excludes mortgage default insurance, property taxes, condo fees and other costs. Rates, insurance and qualifying rules (including the stress test) must be confirmed with a lender.
Ready for a real number?
We'll connect you with a trusted lender for a mortgage pre-approval.