Canada Mortgage Payment Calculator
Planning a Canadian mortgage? Enter the home price, down payment, annual interest rate, and amortization period to get an instant monthly payment estimate, including principal and interest.
Try the interactive Canada calculator
Open free Canada mortgage calculator →What you need for a Canada mortgage estimate
Home price in Canadian dollars
Enter the purchase price of the home you are considering in any Canadian province.
Your down payment
In Canada, a minimum 5% down payment applies; over $500k the minimum is 10% on the excess. Larger down payments reduce your payment.
Amortization period
Most Canadian mortgages amortize over 25 years, but the calculator accepts 5 to 30 years.
How to use the calculator
1. Enter the Canadian home price and down payment. 2. Add the interest rate your lender quoted. 3. Set the amortization period in years. 4. Click Calculate for your monthly payment estimate.
Frequently asked questions
How are Canadian mortgages different from US loans?
Canadian mortgages renegotiate every 1-5 years and pre-payment penalties vary by lender. Payments include only principal and interest unless you add insurance.
What is the minimum down payment in Canada?
At least 5% of the home price up to C$500,000, and 10% of the portion above that. For homes over C$1M, 20% is required.
What amortization is typical in Canada?
25 years is standard, though 30-year amortizations are widely available.
Is this calculator free?
Yes — it is 100% free, runs in your browser, and needs no account or sign-up.