Mortgage Calculator
Calculate your payment, total interest, and see how your balance decreases over time. Canadian convention (semi-annual compounding).
Loan details
Enter your loan amount, rate, and amortization. Rate uses Canadian semi-annual compounding.
Extra amounts applied to principal at a set frequency (e.g. yearly bonus). Reduces balance and total interest.
Balance over time
How your remaining balance decreases year by year
Amortization schedule
First 12 and last 12 of 300 payments.
| # | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $2,441.57 | $628.90 | $1,812.67 | $399,371 |
| 2 | $2,441.57 | $631.75 | $1,809.82 | $398,739 |
| 3 | $2,441.57 | $634.61 | $1,806.96 | $398,105 |
| 4 | $2,441.57 | $637.49 | $1,804.08 | $397,467 |
| 5 | $2,441.57 | $640.37 | $1,801.20 | $396,827 |
| 6 | $2,441.57 | $643.28 | $1,798.29 | $396,184 |
| 7 | $2,441.57 | $646.19 | $1,795.38 | $395,537 |
| 8 | $2,441.57 | $649.12 | $1,792.45 | $394,888 |
| 9 | $2,441.57 | $652.06 | $1,789.51 | $394,236 |
| 10 | $2,441.57 | $655.02 | $1,786.55 | $393,581 |
| 11 | $2,441.57 | $657.99 | $1,783.58 | $392,923 |
| 12 | $2,441.57 | $660.97 | $1,780.60 | $392,262 |
| … 276 payments not shown … | ||||
| 289 | $2,441.57 | $2,312.64 | $128.93 | $26,139 |
| 290 | $2,441.57 | $2,323.12 | $118.45 | $23,815 |
| 291 | $2,441.57 | $2,333.65 | $107.92 | $21,482 |
| 292 | $2,441.57 | $2,344.22 | $97.35 | $19,138 |
| 293 | $2,441.57 | $2,354.84 | $86.73 | $16,783 |
| 294 | $2,441.57 | $2,365.52 | $76.05 | $14,417 |
| 295 | $2,441.57 | $2,376.24 | $65.33 | $12,041 |
| 296 | $2,441.57 | $2,387.00 | $54.57 | $9,654 |
| 297 | $2,441.57 | $2,397.82 | $43.75 | $7,256 |
| 298 | $2,441.57 | $2,408.69 | $32.88 | $4,848 |
| 299 | $2,441.57 | $2,419.60 | $21.97 | $2,428 |
| 300 | $2,441.57 | $2,430.57 | $11.00 | $0 |
Key insights
Observations about your mortgage
You will pay $332,468 in interest over 25 years — 45% of your total payments.
Switching to bi-weekly (half your monthly payment every 2 weeks) can pay off your mortgage faster and save interest.
Note: This calculator is for estimation only. Rates and terms vary by lender. Consult a mortgage professional for your situation.