Determine Your Mortgage Payments: Canadian Mortgage Calculators

Find out more about monthly mortgage payments, whether you should rent or buy, and what you can afford with Mortgage Architect’s Canadian mortgage calculator. Our mortgage calculators are some of the most comprehensive. Get started today!

PAYMENT AMOUNT
RENT VS. BUY
AFFORDABILITY

Mortgage information

STEP 1 ENTER MORTGAGE INFORMATION

Mortgage Amount

Payment Frequency

Mortgage Term

10 year(s)

5 year(s)

year(s)

Interest Rate

0.10

10.00 %

4.64 %

Amortization Period

35 year(s)

25 year(s)

year(s)

STEP 2 YOUR PAYMENT DETAILS

Your Payment is:

Term Principal

Term Interest

Term Interest + Principal

End of Term Balance

STEP 3 WHAT'S NEXT?

View Amortization Schedule

Compare Mortgage

Apply Prepayments

Amortization Schedule

* All calculations are for informational purposes and are subject to change

Mortgage Payment Calculator

Use this mortgage payment calculator to determine your monthly mortgage payments. Compare multiple mortgage scenarios to see how to save thousands in interest costs and pay down your mortgage sooner.

Visit our Learning Center today for more mortgage resources!

STEP 1
ENTER YOUR HOME INFORMATION

Anticipated Home Price

Available Down Payment

Amortization

35 year(s)

25 year(s)

year(s)

Interest Rate

0.10

10.00 %

1.00 %

Anticipated Home Value Increase

1.00

10.00 %

1.00 %

STEP 2
ENTER YOUR RENT INFORMATION

Monthly Rent

Anticipated Annual Rent Increase

1.00

10.00 %

1.00 %

Comparison Timeframe

35 year(s)

25 year(s)

year(s)

The minimum down payment in Canada is 5%. 5% down payments only apply to the first $500,000 and then 10% thereafter.

	Rent	Buy
Estimated Monthly Mortgage Payment	-
Total Payment Over 25 Years	$406,702.07
Estimated Equity	-

Year	Cumulative Rental Payments	Cumulative Mortgage Payments	Cumulative Equity

Rent vs. Buy Calculator

Not sure if you should rent or buy? This calculator will help you make an informed decision. Simply compare your anticipated home price and information versus your monthly rent information to see which is the better option for you!

Visit our Learning Center today for more mortgage resources!

STEP 1 MONTHLY HOUSING COSTS

Gross Monthly Income

Total Monthly Debt

Annual Property Taxes

Monthly Heating Cost

Monthly Condo Fee

STEP 2 MORTGAGE INFORMATION

Available Down Payment

Interest Rate

0.10

10.00 %

2.00 %

Amortization

35 year(s)

25 year(s)

year(s)

STEP 3 RESULTS

Maximum Monthly Mortgage Payment

$1,250.00

Maximum Purchase Price

$310,434.35

The minimum down payment in Canada is 5%. 5% down payments only apply to the first $500,000 and then 10% thereafter.

Mortgage Affordability Calculator

Not sure how much home you can afford? Our Affordability calculator will help you understand what potential purchase price you can afford. Simply balance your monthly income against housing costs and your mortgage information in order to determine your maximum purchase budget.

Visit our Learning Center today for more mortgage resources!

Change & Compare Scenarios

Scenario 1

Scenario 2

Scenario 3

Mortgage Amount

Amortization

30 year(s)

25 year(s)

year(s)

30 year(s)

25 year(s)

year(s)

30 year(s)

25 year(s)

year(s)

Interest Rate

0.10

10.00 %

1.00 %

0.10

10.00 %

1.00 %

0.10

10.00 %

1.00 %

Mortgage Term

10 year(s)

5 year(s)

year(s)

10 year(s)

5 year(s)

year(s)

10 year(s)

5 year(s)

year(s)

Payment Frequency

PAYMENT AMOUNT

Term Interest Cost

Term Principal

End of Term Balance

Mortgage Agent