Home › Calculators › Mortgage Payment Calculator

Residential Loans

Whether it's a home purchase, a pre-approval, a HELOC, land purchase, a renewal or just some friendly advice, we can help. Speak with one of our agents to see how we can assist you.

Start Today

Refinancing

Are you looking into a second mortgage, mortgage refinancing, debt consolidation or a home equity loan? You're at the right place - our agents can help you find what you need.

Start Today

Rent to Own Program

Are you tired of renting, but not yet ready to buy a home? Ask us about our rent to own program and benefit from a low down payment. Start building equity now.

Start Today

Debt Consolidation

Do you want to lower your monthly payments, get a lower interest rate and improve your credit score? Contact us to and get closer to living debt free.

Start Today

Improve Your Credit

Do you need help building or rebuilding your credit score? We can help you obtain a secured credit card for a brigther financial future.

Start Today

Commercial Loans

Are you interested in expanding your business? Speak to us about obtaining a financial loan and we'll pair you with the best product available.

Start Today

Payment Processing

Are you an entrepreneur or small business owner? We can provide you with various payment processing options. Contact us to see how we can help.

Start Today

Mortgage Rates in Canada

Mortgage Payment Calculator

Input Information
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Yrs)
Property Information
Home Value : ($)

Now that you have more information about your mortgage, take the next step and speak to a Mortgage Consultant today!

Get Started Today

Financial Analysis (Switch to Plain English)
Loan To Value Ratio : 83.33%
Total Monthly Payments : $1,334.23
Results: In Plain English (Switch to Financial Analysis)

As you can see, your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan.

Just as an example, let's say you are borrowing $250,000.00 for 30 years with an interest rate of 5.000%. If the value of your home is $300,000.00, you can expect to be making a total payment of $1,334.23.

As your Loan to Valuation Ratio is 83.33%, you will also have to pay Lenders Mortgage Insurance at the time of settlement. This insurance only protects the lender in the event of a default by you. It does however encourage lenders to lend to people who do not have a 20% deposit. The rate of Lenders Mortgage Insurance increases as the LVR increases and you should carefully assess this cost.
DISCLAIMER: There is NO WARRANTY or guarantee, expressed or implied, for the accuracy of the information obtained by using these calculators or its applicability to your specific financial situation. While we make every effort humanly possible to maintain the highest degree of accuracy, every situation is different. Please consult an experienced Mortgages Canada representative for more information.