Calculators
What would it actually cost?
Move the sliders and watch the payment change instantly. Canadian semi-annual compounding is baked in, so the numbers behave like a real mortgage.
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Instant results
Payment frequency
Your payment
$2,846.35
per month
- Down payment
- $130,000
- Mortgage amount
- $520,000
- Paid per year
- $34,156
- Interest over term*
- $333,904
*Based on full amortization at the rate entered, semi-annual compounding. Estimates only — your approved terms may differ.
Accelerated payments
Paying half the monthly amount every two weeks means one extra monthly payment a year — often years off your amortization.
Down payment rules
5% on the first $500,000, 10% on the portion above, and 20% to avoid default insurance entirely.
The stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. Your approved amount reflects that, not the payment above.
Turn this into a real approval
Estimates are a start. A pre-approval gives you a firm number and a 120-day rate hold.