Use the Rates.ca Mortgage Payment Calculator to explore various loan amounts, amortization periods and payment options to best manage your mortgage payments
The Mortgage Payment Calculator is one of the most important calculators in our mortgage calculators lineup.
This calculator can be used by all - whether you're looking to obtain a brand new mortgage, refinance your existing mortgage, or renew a mortgage which is coming to maturity. By entering a few key fields this calculator helps you figure out your expected payments and total mortgage cost. Feel free to compare various scenarios to ensure you are choosing the best mortgage terms and payment structure for your given situation. This calculator presents your payment schedule in both a graphical as well as table form, helping you better understand the numbers behind your mortgage.
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The mortgage payments calculator is meant to be a guide to help you compare different mortgage options and understand your expected payment schedule. However, the mortgage payment calculation should not be used in isolation to influence your mortgage decision making. Be sure to consult with a mortgage broker or lender about various mortgage financing and payment options you can take advantage of. We'll be happy to connect you with a licensed mortgage representative. Start off by browsing the different types of mortgages available through Rates.ca here.
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