Canadian mortgage calculator

Input Information

Property Information
Home Value :	($)
Loan Information
Amount :	($)
Interest Rate :	(%)
Length :	(Yrs)
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Financial Analysis (Switch to Plain English)

Monthly Principal & Interests :	$1,349.19
Total Monthly Payments :	$485,702.56
Total Interests Paid :	$235,708.21
Down Payment :	$50,000.00
Required Down Payment :	$75,000.00
Required Income :	$50,594.61

Plain English Help (Switch to Financial Analysis)

If you live in Canada and are interested in purchasing a home, you will need to plug in a few numbers in order to determine how much your mortgage payments will be. If you are interested in purchasing a home for 300,000.00 Canadian dollars and are interested in taking out a loan for $250,000.00 at a 5.100% interest rate for 30 years, you will be required to put down a $75,000.00 down payment (required down payment is 25% of house list price for homes with prices below $400,000 and 35% if property costs more that that value). This means your monthly payment (principal and interest only) will be $1,349.19. Your total payments will be $485,702.56 for the life of the loan. This means you will pay $235,708.21 in interest.

Payment Schedule

No	Interests	Principal	Balance
1	1,051.38	297.81	249,702.19
2	1,050.13	299.06	249,403.14
3	1,048.87	300.32	249,102.82
4	1,047.61	301.58	248,801.24
5	1,046.34	302.85	248,498.39
6	1,045.07	304.12	248,194.27
7	1,043.79	305.40	247,888.87
8	1,042.51	306.68	247,582.19
9	1,041.22	307.97	247,274.22
10	1,039.92	309.27	246,964.95
11	1,038.62	310.57	246,654.38
12	1,037.31	311.88	246,342.50
1 Yr	--- 12,532.77	--- 3,657.50
13	1,036.00	313.19	246,029.31
14	1,034.68	314.50	245,714.81
15	1,033.36	315.83	245,398.98
16	1,032.03	317.16	245,081.83
17	1,030.70	318.49	244,763.34
18	1,029.36	319.83	244,443.51
19	1,028.02	321.17	244,122.33
20	1,026.67	322.52	243,799.81
21	1,025.31	323.88	243,475.93
22	1,023.95	325.24	243,150.69
23	1,022.58	326.61	242,824.08
24	1,021.21	327.98	242,496.09
2 Yr	--- 12,343.86	--- 3,846.41
25	1,019.83	329.36	242,166.73
26	1,018.44	330.75	241,835.98
27	1,017.05	332.14	241,503.84
28	1,015.65	333.54	241,170.30
29	1,014.25	334.94	240,835.36
30	1,012.84	336.35	240,499.01
31	1,011.43	337.76	240,161.25
32	1,010.01	339.18	239,822.07
33	1,008.58	340.61	239,481.46
34	1,007.15	342.04	239,139.42
35	1,005.71	343.48	238,795.94
36	1,004.26	344.92	238,451.01
3 Yr	--- 12,145.20	--- 4,045.08
37	1,002.81	346.38	238,104.64
38	1,001.36	347.83	237,756.81
39	999.89	349.29	237,407.51
40	998.43	350.76	237,056.75
41	996.95	352.24	236,704.51
42	995.47	353.72	236,350.79
43	993.98	355.21	235,995.58
44	992.49	356.70	235,638.88
45	990.99	358.20	235,280.68
46	989.48	359.71	234,920.97
47	987.97	361.22	234,559.75
48	986.45	362.74	234,197.01
4 Yr	--- 11,936.27	--- 4,254.01
49	984.92	364.27	233,832.74
50	983.39	365.80	233,466.94
51	981.85	367.34	233,099.61
52	980.31	368.88	232,730.72
53	978.76	370.43	232,360.29
54	977.20	371.99	231,988.30
55	975.63	373.55	231,614.75
56	974.06	375.13	231,239.62
57	972.49	376.70	230,862.92
58	970.90	378.29	230,484.63
59	969.31	379.88	230,104.75
60	967.71	381.48	229,723.28
5 Yr	--- 11,716.55	--- 4,473.73
61	966.11	383.08	229,340.20
62	964.50	384.69	228,955.51
63	962.88	386.31	228,569.20
64	961.26	387.93	228,181.26
65	959.62	389.57	227,791.70
66	957.99	391.20	227,400.49
67	956.34	392.85	227,007.65
68	954.69	394.50	226,613.14
69	953.03	396.16	226,216.98
70	951.36	397.83	225,819.16
71	949.69	399.50	225,419.66
72	948.01	401.18	225,018.48
6 Yr	--- 11,485.48	--- 4,704.80
73	946.32	402.87	224,615.61
74	944.63	404.56	224,211.05
75	942.93	406.26	223,804.79
76	941.22	407.97	223,396.82
77	939.50	409.69	222,987.13
78	937.78	411.41	222,575.73
79	936.05	413.14	222,162.59
80	934.31	414.88	221,747.71
81	932.57	416.62	221,331.09
82	930.82	418.37	220,912.71
83	929.06	420.13	220,492.58
84	927.29	421.90	220,070.68
7 Yr	--- 11,242.47	--- 4,947.80
85	925.51	423.67	219,647.01
86	923.73	425.46	219,221.55
87	921.94	427.25	218,794.30
88	920.15	429.04	218,365.26
89	918.34	430.85	217,934.41
90	916.53	432.66	217,501.76
91	914.71	434.48	217,067.28
92	912.88	436.31	216,630.97
93	911.05	438.14	216,192.83
94	909.21	439.98	215,752.85
95	907.36	441.83	215,311.01
96	905.50	443.69	214,867.32
8 Yr	--- 10,986.92	--- 5,203.36
97	903.63	445.56	214,421.77
98	901.76	447.43	213,974.33
99	899.88	449.31	213,525.02
100	897.99	451.20	213,073.82
101	896.09	453.10	212,620.72
102	894.18	455.01	212,165.71
103	892.27	456.92	211,708.79
104	890.35	458.84	211,249.95
105	888.42	460.77	210,789.18
106	886.48	462.71	210,326.48
107	884.54	464.65	209,861.82
108	882.58	466.61	209,395.21
9 Yr	--- 10,718.16	--- 5,472.11
109	880.62	468.57	208,926.64
110	878.65	470.54	208,456.10
111	876.67	472.52	207,983.58
112	874.68	474.51	207,509.07
113	872.69	476.50	207,032.57
114	870.68	478.51	206,554.06
115	868.67	480.52	206,073.54
116	866.65	482.54	205,591.00
117	864.62	484.57	205,106.44
118	862.58	486.61	204,619.83
119	860.54	488.65	204,131.17
120	858.48	490.71	203,640.47
10 Yr	--- 10,435.53	--- 5,754.75
121	856.42	492.77	203,147.69
122	854.34	494.84	202,652.85
123	852.26	496.93	202,155.92
124	850.17	499.02	201,656.91
125	848.08	501.11	201,155.79
126	845.97	503.22	200,652.57
127	843.85	505.34	200,147.23
128	841.73	507.46	199,639.77
129	839.59	509.60	199,130.17
130	837.45	511.74	198,618.43
131	835.30	513.89	198,104.54
132	833.14	516.05	197,588.49
11 Yr	--- 10,138.29	--- 6,051.98
133	830.97	518.22	197,070.26
134	828.79	520.40	196,549.86
135	826.60	522.59	196,027.27
136	824.40	524.79	195,502.48
137	822.19	527.00	194,975.48
138	819.98	529.21	194,446.27
139	817.75	531.44	193,914.83
140	815.52	533.67	193,381.15
141	813.27	535.92	192,845.23
142	811.02	538.17	192,307.06
143	808.75	540.44	191,766.63
144	806.48	542.71	191,223.92
12 Yr	--- 9,825.71	--- 6,364.57
145	804.20	544.99	190,678.93
146	801.91	547.28	190,131.65
147	799.61	549.58	189,582.06
148	797.29	551.90	189,030.17
149	794.97	554.22	188,475.95
150	792.64	556.55	187,919.40
151	790.30	558.89	187,360.51
152	787.95	561.24	186,799.28
153	785.59	563.60	186,235.68
154	783.22	565.97	185,669.71
155	780.84	568.35	185,101.36
156	778.45	570.74	184,530.62
13 Yr	--- 9,496.98	--- 6,693.30
157	776.05	573.14	183,957.48
158	773.64	575.55	183,381.93
159	771.22	577.97	182,803.96
160	768.79	580.40	182,223.56
161	766.35	582.84	181,640.72
162	763.90	585.29	181,055.42
163	761.43	587.75	180,467.67
164	758.96	590.23	179,877.44
165	756.48	592.71	179,284.73
166	753.99	595.20	178,689.53
167	751.49	597.70	178,091.83
168	748.97	600.22	177,491.61
14 Yr	--- 9,151.26	--- 7,039.01
169	746.45	602.74	176,888.87
170	743.91	605.28	176,283.59
171	741.37	607.82	175,675.77
172	738.81	610.38	175,065.39
173	736.24	612.95	174,452.44
174	733.67	615.52	173,836.92
175	731.08	618.11	173,218.81
176	728.48	620.71	172,598.10
177	725.87	623.32	171,974.77
178	723.25	625.94	171,348.83
179	720.61	628.58	170,720.25
180	717.97	631.22	170,089.03
15 Yr	--- 8,787.70	--- 7,402.58
181	715.32	633.87	169,455.16
182	712.65	636.54	168,818.62
183	709.97	639.22	168,179.40
184	707.28	641.91	167,537.50
185	704.58	644.60	166,892.89
186	701.87	647.32	166,245.58
187	699.15	650.04	165,595.54
188	696.42	652.77	164,942.77
189	693.67	655.52	164,287.25
190	690.92	658.27	163,628.98
191	688.15	661.04	162,967.94
192	685.37	663.82	162,304.11
16 Yr	--- 8,405.35	--- 7,784.92
193	682.58	666.61	161,637.50
194	679.77	669.42	160,968.08
195	676.96	672.23	160,295.85
196	674.13	675.06	159,620.79
197	671.29	677.90	158,942.89
198	668.44	680.75	158,262.14
199	665.58	683.61	157,578.53
200	662.70	686.49	156,892.04
201	659.81	689.37	156,202.67
202	656.92	692.27	155,510.39
203	654.00	695.19	154,815.21
204	651.08	698.11	154,117.10
17 Yr	--- 8,003.26	--- 8,187.01
205	648.14	701.04	153,416.06
206	645.20	703.99	152,712.06
207	642.24	706.95	152,005.11
208	639.26	709.93	151,295.18
209	636.28	712.91	150,582.27
210	633.28	715.91	149,866.36
211	630.27	718.92	149,147.44
212	627.24	721.94	148,425.49
213	624.21	724.98	147,700.51
214	621.16	728.03	146,972.48
215	618.10	731.09	146,241.39
216	615.02	734.17	145,507.23
18 Yr	--- 7,580.40	--- 8,609.87
217	611.94	737.25	144,769.97
218	608.84	740.35	144,029.62
219	605.72	743.47	143,286.15
220	602.59	746.59	142,539.56
221	599.46	749.73	141,789.82
222	596.30	752.89	141,036.93
223	593.14	756.05	140,280.88
224	589.96	759.23	139,521.65
225	586.76	762.43	138,759.22
226	583.56	765.63	137,993.59
227	580.34	768.85	137,224.73
228	577.10	772.09	136,452.65
19 Yr	--- 7,135.70	--- 9,054.58
229	573.86	775.33	135,677.32
230	570.60	778.59	134,898.72
231	567.32	781.87	134,116.85
232	564.03	785.16	133,331.70
233	560.73	788.46	132,543.24
234	557.42	791.77	131,751.46
235	554.09	795.10	130,956.36
236	550.74	798.45	130,157.91
237	547.38	801.81	129,356.11
238	544.01	805.18	128,550.93
239	540.63	808.56	127,742.36
240	537.22	811.96	126,930.40
20 Yr	--- 6,668.03	--- 9,522.25
241	533.81	815.38	126,115.02
242	530.38	818.81	125,296.21
243	526.94	822.25	124,473.96
244	523.48	825.71	123,648.25
245	520.01	829.18	122,819.07
246	516.52	832.67	121,986.40
247	513.02	836.17	121,150.23
248	509.50	839.69	120,310.54
249	505.97	843.22	119,467.32
250	502.42	846.77	118,620.55
251	498.86	850.33	117,770.23
252	495.29	853.90	116,916.33
21 Yr	--- 6,176.20	--- 10,014.07
253	491.70	857.49	116,058.83
254	488.09	861.10	115,197.73
255	484.47	864.72	114,333.01
256	480.83	868.36	113,464.65
257	477.18	872.01	112,592.64
258	473.51	875.68	111,716.97
259	469.83	879.36	110,837.61
260	466.13	883.06	109,954.55
261	462.42	886.77	109,067.78
262	458.69	890.50	108,177.27
263	454.94	894.25	107,283.03
264	451.18	898.01	106,385.02
22 Yr	--- 5,658.97	--- 10,531.30
265	447.41	901.78	105,483.24
266	443.61	905.58	104,577.66
267	439.81	909.38	103,668.28
268	435.98	913.21	102,755.07
269	432.14	917.05	101,838.02
270	428.28	920.91	100,917.11
271	424.41	924.78	99,992.33
272	420.52	928.67	99,063.67
273	416.62	932.57	98,131.09
274	412.69	936.50	97,194.60
275	408.76	940.43	96,254.16
276	404.80	944.39	95,309.77
23 Yr	--- 5,115.02	--- 11,075.25
277	400.83	948.36	94,361.41
278	396.84	952.35	93,409.06
279	392.84	956.35	92,452.71
280	388.81	960.38	91,492.33
281	384.77	964.42	90,527.92
282	380.72	968.47	89,559.44
283	376.65	972.54	88,586.90
284	372.56	976.63	87,610.27
285	368.45	980.74	86,629.53
286	364.32	984.87	85,644.66
287	360.18	989.01	84,655.65
288	356.02	993.17	83,662.48
24 Yr	--- 4,542.99	--- 11,647.29
289	351.85	997.34	82,665.14
290	347.65	1,001.54	81,663.60
291	343.44	1,005.75	80,657.85
292	339.21	1,009.98	79,647.87
293	334.96	1,014.23	78,633.64
294	330.70	1,018.49	77,615.15
295	326.41	1,022.78	76,592.37
296	322.11	1,027.08	75,565.30
297	317.79	1,031.40	74,533.90
298	313.45	1,035.73	73,498.17
299	309.10	1,040.09	72,458.08
300	304.72	1,044.46	71,413.61
25 Yr	--- 3,941.40	--- 12,248.87
301	300.33	1,048.86	70,364.75
302	295.92	1,053.27	69,311.49
303	291.49	1,057.70	68,253.79
304	287.04	1,062.15	67,191.64
305	282.58	1,066.61	66,125.03
306	278.09	1,071.10	65,053.93
307	273.59	1,075.60	63,978.33
308	269.06	1,080.13	62,898.20
309	264.52	1,084.67	61,813.53
310	259.96	1,089.23	60,724.30
311	255.38	1,093.81	59,630.49
312	250.78	1,098.41	58,532.08
26 Yr	--- 3,308.74	--- 12,881.53
313	246.16	1,103.03	57,429.05
314	241.52	1,107.67	56,321.38
315	236.86	1,112.33	55,209.05
316	232.18	1,117.01	54,092.05
317	227.49	1,121.70	52,970.34
318	222.77	1,126.42	51,843.92
319	218.03	1,131.16	50,712.76
320	213.27	1,135.92	49,576.85
321	208.50	1,140.69	48,436.16
322	203.70	1,145.49	47,290.67
323	198.88	1,150.31	46,140.36
324	194.04	1,155.14	44,985.21
27 Yr	--- 2,643.41	--- 13,546.87
325	189.19	1,160.00	43,825.21
326	184.31	1,164.88	42,660.33
327	179.41	1,169.78	41,490.55
328	174.49	1,174.70	40,315.85
329	169.55	1,179.64	39,136.21
330	164.59	1,184.60	37,951.61
331	159.61	1,189.58	36,762.03
332	154.60	1,194.59	35,567.44
333	149.58	1,199.61	34,367.83
334	144.54	1,204.65	33,163.18
335	139.47	1,209.72	31,953.46
336	134.38	1,214.81	30,738.65
28 Yr	--- 1,943.71	--- 14,246.56
337	129.27	1,219.92	29,518.73
338	124.14	1,225.05	28,293.69
339	118.99	1,230.20	27,063.49
340	113.82	1,235.37	25,828.11
341	108.62	1,240.57	24,587.55
342	103.40	1,245.79	23,341.76
343	98.16	1,251.02	22,090.73
344	92.90	1,256.29	20,834.45
345	87.62	1,261.57	19,572.88
346	82.31	1,266.88	18,306.00
347	76.99	1,272.20	17,033.80
348	71.64	1,277.55	15,756.25
29 Yr	--- 1,207.87	--- 14,982.40
349	66.26	1,282.93	14,473.32
350	60.87	1,288.32	13,185.00
351	55.45	1,293.74	11,891.26
352	50.01	1,299.18	10,592.08
353	44.55	1,304.64	9,287.44
354	39.06	1,310.13	7,977.31
355	33.55	1,315.64	6,661.66
356	28.02	1,321.17	5,340.49
357	22.46	1,326.73	4,013.76
358	16.88	1,332.31	2,681.45
359	11.28	1,337.91	1,343.54
360	5.65	1,343.54	0.00
30 Yr	--- 434.03	--- 15,756.25
	Interests	Principal
Total	235,708.21	250,000.00

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.