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

Housing affordability has been a problem in the metropolitan areas of Vancouver and Toronto for decades now. In the past couple of years, the rest of the country has experienced similar spikes in real estate prices, to the point where historically slow-and-steady markets like Edmonton and Winnipeg have seen massive home price appreciation. To make matters worse for prospective buyers, mortgage rates have roughly tripled since 2021, from less than 2% to over 6% for a five-year fixed rate mortgage...

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