Payment calculator
Estimate mortgage payments with Canadian compounding.
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- Save unlimited scenarios and track changes over time
- Compare rate options side by side with broker feedback
- Export reports for underwriting or renewal planning
Mortgage payment calculator
Model blended payments, prepayments, and payoff timelines with Canadian assumptions.
How this calculator works
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 you will need
- Mortgage amount or purchase price and down payment
- Interest rate and term length
- Amortization period
- Payment frequency
- Optional prepayments
Assumptions and limitations
- Assumes a constant rate for the selected term.
- Uses Canadian semi-annual compounding.
- Prepayments apply on the schedule you define.
Example scenarios
$600k purchase with 10% down
Compare monthly vs accelerated bi-weekly to see interest savings.
Variable rate stress test
Increase the rate by 2% and check the payment impact.
Related tools
Save and compare scenarios
Create a free account to save scenarios, compare options side by side, and share results with your broker team.
Frequently asked questions
Does this include taxes and insurance?
No. Add property taxes and insurance separately when budgeting.
Can I model prepayments?
Yes. Add lump sums or recurring prepayments to see payoff impact.
Is this the same as lender calculations?
It follows standard Canadian rules, but lender policies can vary slightly.