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

Ratehub.ca logo

You may also like

Mortgages, Financing & CMHC, Real Estate
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%...

Mortgages, Financing & CMHC, Real Estate
What is a Home Equity Line of Credit?

A home equity line of credit (or HELOC for short) is a financial tool that allows homeowners to access the equity in their home without needing to sell their house first. A HELOC can be used to draw money to fund repairs, renovations and to make other investments. A HELOC, if used correctly. can be an extremely powerful tool to growth your wealth, but it doesn't come without its risks...

Modern Money sources its content from independent contributors and, although Modern Money strives to ensure accurate and up-to-date content, information can change and therefore you should critically assess and cross reference all information on Modern Money with your own sources and information before making any personal/financial decisions.
© 2024 - Modern Money
Path 850

Subscribe to Modern Money

Enter your e-mail to receive updates on new articles from Modern Money, the ultimate guide for young professionals.

Don't worry, we won't send you any spam.