Payment Calculator

Payment amount is determined by loan amount, amortization period, interest rate, and interest compounding period.

In Canada, by law, all fixed rate mortgages are compounded semi-annually. This means that interest is added to the amount you have to repay twice a year.

Total mortgage ?
Interest rate (%) ?
Interest rate type ?
Term (months) ?
Amortization (years) ?
 
 
Monthly payment ?0.00
Semi-monthly payment ?0.00
Bi-weekly payment ?0.00
Accelerated bi-weekly payment ?0.00
Weekly payment ?0.00
Accelerated weekly payment ?0.00