Interactive calculator
Mortgage payment calculator
Model blended payments, prepayments, and payoff timelines with Canadian assumptions.
Calculation notes
Methodology for the mortgage payment calculator
Estimate mortgage payments using Canadian compounding and multiple payment frequencies.
Use this calculator to compare monthly vs accelerated schedules, then save scenarios in your dashboard.
Inputs to check
- Mortgage amount or purchase price and down payment
- Interest rate and term length
- Amortization period
- Payment frequency
Assumptions
- Assumes a constant rate for the selected term.
- Uses Canadian semi-annual compounding.
- Prepayments apply on the schedule you define.