Free Canadian calculator · Updated October 2026
Bank of Canada Rate-Change Mortgage Calculator
Test a lower or higher mortgage rate before reacting to the next headline.
How this estimate works
The calculator uses the Canadian convention of a nominal annual mortgage rate compounded semi-annually and monthly payments. It estimates principal and interest only. Actual lender payments can differ because of payment frequency, fees, insurance, rounding and contract terms. Fixed-payment variable mortgages may change amortization instead of the payment.
Reviewed and approved by Matelacom Inc.
The 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 or personalized financial advice. Confirm figures with your lender.