Mortgage Calculator
Solve a Canadian mortgage's payment, term-end and amortization-end interest/balance, and — if you accelerate or add extra payments — how much sooner it's paid off and how much interest that saves.
Property & down payment
Purchase price: $600,000
Closing costs: $0
Disclosure only — not added to the mortgage principal.
Down payment
Down payment: 20.0%
= $120,000 on a $600,000 purchase price
Loan terms
Amortization: 25 years
Term: 5 years
Cannot exceed the amortization above.
Annual interest rate: 5.25%
Compounding
Required — choose Monthly or Semi-annual before you can calculate.
Payment frequency
Lump sum
None added.
Additional payment
None added.
Adjust the inputs above, then click Calculate to see your results.
Principal-and-interest only — no property tax, insurance, or CMHC premium modelled. Figures are unrounded; a real lender rounds to the cent and adjusts the final payment. Extra-payment timing is expressed in calendar months regardless of the regular payment's own frequency. Not financial advice.