Mortgage payment calculator

Enter the mortgage amount, rate and amortization to see your monthly payment — using the semi-annual compounding Canadian fixed mortgages actually use.

Mortgage amount

Annual return (%)

Amortization (years)

Monthly payment

$2,908

$372,407Total interest

$872,407Total paid

Educational estimate — not individualized financial advice. Assumes steady rates; excludes taxes and fees unless stated.

How it works

Canadian fixed-rate mortgages compound semi-annually by law, not monthly — so this converts the posted rate to an equivalent monthly rate before amortizing. Generic (US-style) calculators overstate the payment. Excludes property tax and insurance.