Mortgage Calculators Canada - Payment & Affordability

Home price

Down payment

Rate

Rate term

Amortization years

Payment frequency

View schedule

Pay your mortgage faster

Increasing your mortgage payments or paying a lump sum towards your principal have a huge impact. You'll pay off your mortgage much sooner and save tons of interest.

Payment increase

One time pre-payment

Annual pre-payment

Home expenses

To budget better and calculate a more realistic Total Monthly Cost, enter the additional home expenses here.

Condo fees (monthly)

Heat

Annual property tax

Monthly home insurance

Other monthly expenses

Total monthly cost (Monthly)

$ 0

Monthly mortgage (increased)

$ 0

Mortgage paymentOriginal Monthly Mortgage Payment

$ 0

Net mortgage

$ 0

Mortgage insurance

+ $ 0

Total loan amount

$ 0

Interest paid over term (with faster payments)

$ 0

Balance end of term (with faster payments)

$ 0

Effective amortization (adjusted)

25 years

Mortgage amount

Rate

Rate term

Amortization years

Payment frequency

View schedule

Pay your mortgage faster

Increasing your mortgage payments or paying a lump sum towards your principal have a huge impact. You'll pay off your mortgage much sooner and save tons of interest.

Payment increase

One time pre-payment

Annual pre-payment

Mortgage payment after refinancing (Monthly)

$ 0

Payment breakdown

Principal paid (base)

$ 0

Interest paid

$ 0

Total payment (with prepayment)

$ 0

Balance end of term (after prepayment)

$ 0

Effective amortization (adjusted)

25 years

Home price

Down payment

Land transfer tax

First time buyer rebate (Ontario: - $0; Toronto: - $0)

I’m purchasing a property located in Toronto (+ $0)

Other closing costs

Closing costs are additional costs that are often overlooked. Homebuyers are often surprised at how much their closing costs add up to. Listed below are some approximate starting minimums to help you plan accordingly. Your actual closing costs will vary. Please check with your lawyer, real estate broker, and mortgage broker for precise estimates.

Appraisal

Home inspection

Moving costs

Title insurance

Legal fees

Final adjustments

Other

Total estimated cost

$ 0

Down payment $ 0

Provincial land transfer tax + $ 0

Toronto land transfer tax + $ 0

Total land transfer tax $ 0

Other closing costs $ 0

Current situation

Remaining mortgage balance

Current mortgage payment

Current rate

Amortization years

Maturity date

Next payment date

Balance at maturity

$ 0

Remaining term 0 Months

End of terms amortization 22 Years 2 Months

Add in pdf

New mortgage

Balance

$ 0

Fees and equity takeout

Mortgage amount

$ 0

New rate

Rate

Rate term

Amortization years

Notes

New payment

Payment frequency

Mortgage payment

$ 0

Principal & interest

Term interest

$ 0

Term principal

$ 0

Total term payments

$ 0

Balance end of term

$ 0

Add in pdf

New mortgage

Balance

$ 0

Fees or equity takeout

Mortgage amount

$ 0

New rate

Rate

Rate term

Amortization years

Notes

New payment

Payment frequency

Mortgage payment

$ 0

Principal & interest

Term interest

$ 0

Term principal

$ 0

Total term payments

$ 0

Balance end of term

$ 0

Add in pdf

New mortgage

Balance

$ 0

Fees or equity takeout

Mortgage amount

$ 0

New rate

Rate

Rate term

Amortization years

Notes

New payment

Payment frequency

Mortgage payment

$ 0

Principal & interest

Term interest

$ 0

Term principal

$ 0

Total term payments

$ 0

Balance end of term

$ 0

Home price

First time buyer

I’m purchasing a property located in Toronto

Land transfer tax

$ 0

Provincial land transfer tax + $ 0

Toronto land transfer tax + $ 0

Current loan

Balance type

Original loan amount

Loan term (years)

Interest rate

Term remaining

New loan

Loan term (years)

Interest rate

Fees

Cash out amount

Remaining balance

Monthly payment

Interest rate

New loan

Loan term (years)

Interest rate

Fees

Cash out amount

By refinancing, you will pay:

0/ month

Spend less over the lifetime of the loan 0

	Current loan	New loan	Difference
Balance remaining	$0.00	$0.00	$0.00
Loan term	0 months	0 months	0 months
Monthly payment	$0.00	$0.00	0.00
Interest rate	0.00%	0.00%	0.00%
Total interest	$0.00	$0.00	0.00
Total payments	$0.00	$0.00	0.00
Upfront costs	-	$0.00	-

By refinancing, you will pay:

0/ month

Spend less over the lifetime of the loan 0

	Current loan	New loan	Difference
Balance remaining	$0.00	$0.00	$0.00
Loan term	0 months	0 months	0 months
Monthly payment	$0.00	$0.00	0.00
Interest rate	0.00%	0.00%	0.00%
Total interest	$0.00	$0.00	0.00
Total payments	$0.00	$0.00	0.00
Upfront costs	-	$0.00	-

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Year	Balance Remaining	Interest Paid	Principal Paid	Annual Paid

Mortgage Calculator

Home expenses

$ 0

$ 0

Payment breakdown

Other closing costs

$ 0

Current situation

New mortgage

New rate

New payment

Principal & interest

New mortgage

New rate

New payment

Principal & interest

New mortgage

New rate

New payment

Principal & interest

$ 0

Current loan

New loan

New loan

0/ month

0/ month

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