Mortgage payment calculator

Your payment at any frequency, including CMHC insurance, and what paying extra saves you.

A purchase Existing mortgage or renewal

Home price

Down payment

Down payment %

First-time buyer or newly built home Allows a 30-year amortization with less than 20% down.

Interest rate

Rate type

Term

Amortization

years

Payment frequency

Increase each payment by

One-time prepayment

Prepayment every year

Most mortgages let you raise payments and prepay 10% to 20% of the original balance each year without penalty.

Property tax / year

Condo fees / month

Heat / month

Other / month

Other covers power, water, home insurance, internet and phone.

Advanced settings

Interest compounds

Payment type

Balance

By year By payment

Year	Principal	Interest	Total paid	Interest to date	Balance

A payment is only half the picture.

The right structure can help your mortgage build wealth, not just cost you interest. A 15-minute call is enough to see what could apply to you.