Tools
Mortgage calculator
A starting-point monthly payment estimate. Adjust the home price, down payment, interest rate, and amortisation period to see how each lever affects what you'll owe each month.
Mortgage Calculator
Estimated monthly payment
$7,369
Down payment: $300,000 · Loan: $1,200,000
Estimate only. Actual rates and payments vary by lender.
A few notes
- This is an estimate. Lender rates and qualification rules change constantly — the actual rate you qualify for depends on your income, credit profile, and down payment source.
- Canadian mortgages typically compound semi-annually. The estimate above uses standard monthly compounding for simplicity.
- Monthly payments here exclude property tax, condo fees, and insurance. Budget another 0.6–1.2% of the purchase price annually for those.
- Need a closing-cost picture? Try the land transfer tax calculator.