CanuckFI

Loan Calculator

Solve for monthly payment or affordability on a mortgage, car loan, or line of credit — compare scenarios side by side.

I want to calculate:

I know the loan amount — what will it cost me per month?

Scenario 1
Loan amount: $500,000
Annual interest rate: 5.50%
Term: 240 mo (20.0 yr)
Compounding
Payment frequency
Scenario 2
Loan amount: $500,000
Annual interest rate: 6.00%
Term: 240 mo (20.0 yr)
Compounding
Payment frequency

Adjust the scenarios above, then click Calculate to compare them.

Principal-and-interest only — no fees, taxes, or insurance modelled. Figures are unrounded; a real lender rounds to the cent and adjusts the final payment. Not financial advice.