Enter your home price, down payment, rate, and amortization period to see your exact payment — monthly, bi-weekly, or weekly. Includes a full breakdown of principal vs. interest over the life of your mortgage.
We've pre-loaded this property's price into the calculator below. Scroll down to see your monthly payment, total interest paid, and the principal-vs-interest split across the life of the loan — all live, all free.
For the full picture, drop your email to unlock the All Payment Frequencies comparison — monthly, semi-monthly, bi-weekly, accelerated bi-weekly, and weekly side-by-side. Most buyers save five-figures in interest just by switching frequency. You'll also get a pre-approval readiness score and how your numbers compare to today's market rates.
| Monthly (12/yr) | — |
| Semi-Monthly (24/yr) | — |
| Bi-Weekly (26/yr) | — |
| Accelerated Bi-Weekly (saves interest) | — |
| Weekly (52/yr) | — |
Canadian mortgages use semi-annual compounding — interest compounds twice per year, not monthly like in the US. This means your effective monthly rate is slightly lower than dividing the annual rate by 12, and your payments are calculated accordingly.
If your down payment is less than 20%, CMHC mortgage default insurance is mandatory. The premium is added to your mortgage balance — 4% for less than 10% down, 3.1% for 10–14.9%, and 2.8% for 15–19.9% down. This calculator applies CMHC automatically when applicable.
Run the numbers before you buy, sell, or invest — estimate payments, taxes, affordability, and potential returns in seconds.
A $750,000 home with 20% down ($600,000 mortgage) at 5.24% over 25 years costs about $3,572 a month in Canada, with roughly $471,600 paid in interest over the full amortization. Change any number above to see your own payment.
Canadian fixed-rate mortgages compound semi-annually, not monthly, so payments are a little lower than US calculators show for the same rate. This calculator uses semi-annual compounding, then converts to your payment frequency. Accelerated bi-weekly pays half the monthly amount every two weeks (26 payments a year), which shortens the amortization.
Reviewed November 2026 by the mortgage team at Top Mortgages Inc. Figures are estimates for general information. They are not a quote, an approval or financial advice, and lenders set their own final terms.
The payment is based on the mortgage amount, the interest rate compounded semi-annually (fixed) or monthly (variable), the amortization period and how often you pay. Taxes, heating and condo fees are not part of the mortgage payment.
A $500,000 mortgage at 5% over 25 years is about $2,900 a month. A different rate or a 30-year amortization changes it, so use the calculator with your own numbers.
Accelerated bi-weekly makes the equivalent of one extra monthly payment each year, so you pay less interest and finish the mortgage sooner. Regular bi-weekly (26 equal payments from one-twelfth of the annual amount) saves much less.
For a home under $500,000 the minimum is 5%. For the part between $500,000 and $1.5 million it is 10%, and 20% is required for homes of $1.5 million or more.
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