Mortgage calculator

Built around Canadian mortgage rules: semi-annual compounding on fixed rates, monthly, bi-weekly, and accelerated bi-weekly payment options, and an estimate of CMHC mortgage default insurance when your down payment is under 20%.

Home price

Down payment (20%)

Interest rate (5.50%)

Amortization

Payment frequency

Estimated monthly payment

$16,114

Monthly$16,114

Bi-weekly$7,437

Accelerated bi-weekly$8,057

Mortgage principal$2,640,000

Total interest$2,194,301

CMHC default insurance$0 (20%+ down)

Payoff time at this frequency25.0 years

Estimate only: excludes land transfer tax (see our separate land transfer tax calculator), property tax, and home insurance. Rates shown are illustrative, not a quote.