Mortgage Calculator
See what your monthly payment will really look like
Canadian mortgage math — payment frequency, CMHC premiums, stress test, and a year-by-year amortization schedule.
Your numbers
Min down payment: $65,000
$180,000 · 20.0% of price
Monthly payment
$4,421
Principal + interest
Total interest
$606,429
Over 25 years
Total cost of mortgage
$1,326,429
300 payments
CMHC insurance premium
$0
Not required — 20%+ down
Stress-test rate
7.50%
$5,321 / period
Loan amount
$720,000
Principal only
Payment breakdown
Where your total mortgage cost goes
Principal vs interest over time
Cumulative breakdown across 25 years
Amortization schedule
Year-by-year breakdown of your payments
| Year | Payments | Principal | Interest | Ending balance |
|---|---|---|---|---|
| 1 | $53,057 | $13,802 | $39,256 | $706,198 |
| 2 | $53,057 | $14,580 | $38,477 | $691,618 |
| 3 | $53,057 | $15,403 | $37,655 | $676,216 |
| 4 | $53,057 | $16,271 | $36,786 | $659,944 |
| 5 | $53,057 | $17,189 | $35,868 | $642,755 |
| 6 | $53,057 | $18,159 | $34,898 | $624,596 |
| 7 | $53,057 | $19,183 | $33,874 | $605,413 |
| 8 | $53,057 | $20,265 | $32,792 | $585,148 |
| 9 | $53,057 | $21,408 | $31,649 | $563,739 |
| 10 | $53,057 | $22,616 | $30,441 | $541,123 |
| 11 | $53,057 | $23,892 | $29,165 | $517,232 |
| 12 | $53,057 | $25,239 | $27,818 | $491,992 |
| 13 | $53,057 | $26,663 | $26,394 | $465,329 |
| 14 | $53,057 | $28,167 | $24,890 | $437,162 |
| 15 | $53,057 | $29,756 | $23,301 | $407,406 |
| 16 | $53,057 | $31,434 | $21,623 | $375,972 |
| 17 | $53,057 | $33,208 | $19,850 | $342,765 |
| 18 | $53,057 | $35,081 | $17,976 | $307,684 |
| 19 | $53,057 | $37,060 | $15,998 | $270,624 |
| 20 | $53,057 | $39,150 | $13,907 | $231,474 |
| 21 | $53,057 | $41,358 | $11,699 | $190,116 |
| 22 | $53,057 | $43,691 | $9,366 | $146,425 |
| 23 | $53,057 | $46,156 | $6,901 | $100,269 |
| 24 | $53,057 | $48,759 | $4,298 | $51,510 |
| 25 | $53,057 | $51,510 | $1,547 | $0 |