Mortgage Payment Calculator

Last updated: July 9, 2020

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

A reverse mortgage is a loan that allows you to take money from the equity that you have in your home without having to sell your home. These are popular for older Canadians who have built up equity in their house, but don't have cash savings, and therefore need to access their home's equity in order to pay the bills, etc. However, buyer beware as always with mortgages. Learn more about reverse mortgages here...

Buying a Home, Real Estate

House Hacking 101: What It Is And How To Do It

With the prices of real estate as high as they are, house hacking is a strategy to try to drive down the cost of home ownership. Learn more about what it is and how to do it here...

Mortgage Payment Calculator