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Mortgage Payment Calculator

Built for Canadian mortgages — semi-annual compounding, CMHC insurance, all payment frequencies.

$
$50K$3M
$
0%$100,000 (20.0%)
%
0.5%15%
Enter "Toronto" to include the additional municipal land transfer tax
Monthly Payment
$2,326
25-yr amortization · 5% interest rate
Mortgage Amount
$400,000
Total Mortgage
$400,000
Total Interest
$297,926
Total Cost of Home
$797,926
Total Cost$697,926
Principal
$400,000
Total Interest
$297,926
Land Transfer Tax
Ontario Provincial LTT$6,475
Net Land Transfer Tax$6,475
Total Upfront Cost (Down + LTT)$106,475

For estimation purposes only. Uses Canadian standard semi-annual compounding. CMHC premiums: 4.00% (<10% down) · 3.10% (10–14.99%) · 2.80% (15–19.99%); rates range 0.6%–4.5% depending on loan-to-value. CMHC insurance not available on homes $1.5M or over. Consult a licensed mortgage professional for personalised advice.