Mortgage Calculator

From Financial Consumer Agency of Canada

This calculator determines your mortgage payment and provides you with a mortgage payment schedule. The calculator also shows how much money and how many years you can save by making prepayments.

To help determine whether or not you qualify for a home mortgage based on income and expenses, visit the Mortgage Qualifier Tool.

Note: As of July 9, 2012, the maximum amortization period for mortgages with less than a 20 percent down payment is 25 years.

Payment Plan

Mortgage Amount:

Interest Rate:

Amortization Period:

Payment Frequency:

Term:

Prepayment Plan

Prepayment Amount:

Prepayment Frequency:

Start With Payment:

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We offer this mortgage calculator as a self-help tool for your use. This tool does not replace professional financial advice. We cannot guarantee that this calculator will apply or be accurate in your situation. For example, your mortgage lender may make its calculations in a different way. All calculations are examples only.

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Date modified:: 2019-03-01