Mortgage Payment Calculator

Our mortgage payment calculator calculates your monthly payment and shows you the corresponding amortization schedule. If you are purchasing a home, our payment calculator allows you to test down payment and amortization scenarios, and compare variable and fixed mortgage rates. We also help you calculate CMHC insurance and land transfer tax.

Mortgage payment calculator

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What is Land Transfer Tax?

When you're buying a property in Canada, there are numerous costs associated with the transaction that are typically overlooked and forgotten by buyers. A good example of this is land transfer tax. Land transfer tax will vary across Canada both provincially and municipally, but it's typically a significant amount of money (except if you're in Alberta)! Learn everything you need to know about land transfer tax here.

Why Are Mortgage Rates Going Up So Fast?

The recent sharp increase in mortgage rates caught many Canadians off guard, especially after the tremendous economics years of 2021 and 2022. In November of 2021, it was quite standard to get a 5-year fixed mortgage below 2.2%. Today, that rate is closer to 3.9%...

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