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Mortgage Payment Calculator

Free Canadian mortgage payment calculator. See monthly, bi-weekly, and accelerated payments, CMHC insurance, total interest, and a full amortization chart.

Start calculating
  • No sign-up
  • Instant results
  • Restores your last inputs

1. Enter your numbers

Start with the assumptions you know.

2. Adjust the scenario

Change one input to see what matters.

3. Review the result

Use the estimate to compare and prepare.

Your numbers
$
$

Minimum $50,000

%
$

Optional prepayment applied to principal

Payment summary

Monthly payment

$3,418.25

$3,418 / month equivalent

Total interest

$425,475

Mortgage amount
$600,000
Total borrowed
$600,000
Loan-to-value
80.0%
Payoff time
25.0 years
Total of payments
$1,025,475

Estimates only. Figures are for planning purposes and are not financial, tax, or legal advice. Confirm all numbers with your lender, lawyer, and accountant.

Rules last reviewed 2026-08-01.

Principal vs interest by year
Remaining balance

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About this mortgage payment calculator

Use this free Canadian real estate calculator to explore scenarios before speaking with a lender, REALTOR®, lawyer, accountant, or other qualified professional. Results are estimates and should not replace professional advice.