Free Canadian calculator · Updated October 2026
Canadian Mortgage Payment Calculator
Test the payment before focusing on the purchase price. This estimate includes principal and interest only.
$2,779/monthEstimated principal and interest. Change the inputs and calculate again.
Assumptions and limitations
The calculation uses a simple monthly compounding/payment formula for comparison. Canadian mortgages are commonly quoted using semi-annual compounding, so a lender’s payment may differ. Property tax, insurance, condo fees, maintenance, mortgage insurance, penalties and closing costs are excluded.
Reviewed and approved by Matelacom Inc.
This calculator runs in your browser. Matelacom does not receive the numbers entered here.
For general educational estimates only. This calculator does not provide mortgage approval, payroll, tax, legal or financial advice.