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Canada · CAD

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HomeCalc

Mortgage calculator for Canada

See what you pay each month, and how the payment moves when the rate changes.

No local legal figures for Canada

HomeCalc has no data on fees, taxes or lending limits in Canada. The loan maths and CAD formatting still work. Every fee starts at 0: enter your own, then check them with your lender or a local adviser.

Your loan

Example values: replace them with your own.

CA$
CA$
20% of the price · Loan CA$488,000.00
years
240 months
Interest rates
%
months
%
Base rate plus margin, as your bank quotes it
Repayment method

The same payment every month within each rate period

Prepayment
CA$
%
Default in month 24: 0% of the amount prepaid. Change it to match your loan contract.
After prepaying

Results

Monthly payment

CA$3,087.33

Canada · CAD · Basic: fees entered by you

Highest payment
CA$3,087.33
Total interest
CA$252,958.64
Total paidPrincipal plus interest
CA$740,958.64

Note

HomeCalc works out the loan and adds up the fees you enter. It provides no legal figures for Canada: no fees, taxes or lending limits. It is not financial, legal or tax advice. Before you decide, check every figure with your lender or a licensed adviser in Canada. This site never stores the numbers you enter; they live only in the page address.

The monthly rate is the annual rate spread evenly over the months; amounts are rounded to the smallest unit of CAD. Lenders in Canada may work out interest differently.

The link carries only the numbers you entered. The site keeps no copy of them.

Next: home-buying costs

Interest and principal by year

  • Interest
  • Principal
  • Monthly payment
Interest and principal by yearStacked bars for 20 years showing interest and principal paid each year, with a line for the monthly payment, starting at CA$3,087.33. Exact figures are in the schedule table.Year 1: interest CA$21,644.88, principal CA$15,403.08Year 2: interest CA$20,937.27, principal CA$16,110.69Year 3: interest CA$20,197.15, principal CA$16,850.81Year 4: interest CA$19,423.02, principal CA$17,624.94Year 5: interest CA$18,613.34, principal CA$18,434.62Year 6: interest CA$17,766.47, principal CA$19,281.49Year 7: interest CA$16,880.64, principal CA$20,167.32Year 8: interest CA$15,954.19, principal CA$21,093.77Year 9: interest CA$14,985.13, principal CA$22,062.83Year 10: interest CA$13,971.58, principal CA$23,076.38Year 11: interest CA$12,911.43, principal CA$24,136.53Year 12: interest CA$11,802.63, principal CA$25,245.33Year 13: interest CA$10,642.85, principal CA$26,405.11Year 14: interest CA$9,429.79, principal CA$27,618.17Year 15: interest CA$8,161.05, principal CA$28,886.91Year 16: interest CA$6,833.98, principal CA$30,213.98Year 17: interest CA$5,445.96, principal CA$31,602.00Year 18: interest CA$3,994.17, principal CA$33,053.79Year 19: interest CA$2,475.68, principal CA$34,572.28Year 20: interest CA$887.43, principal CA$36,159.97per yearper month10,00020,00030,00040,0001,5003,0004,500Year 55Year 1010Year 1515Year 2020

Year

Show what happens if rates rise

If the floating rate rises

The promotional period stays the same; only the floating rate goes up.

Show yearly schedule

Yearly schedule

Scroll sideways to see the whole table