Tools
Mortgagecalculator.
A starting-point monthly payment estimate. Adjust the price, down payment, rate, and amortization to see how each lever affects what you will owe each month.
Estimated monthly payment
$4,223
Down payment: $200,000 · Loan: $800,000
Estimate only. Lender rates and qualification rules change constantly. Excludes property tax, condo fees, and insurance. Always confirm with a mortgage broker before making decisions.
A Few Notes
- Estimate only. Lender rates and qualification rules change constantly. The rate you actually qualify for depends on income, credit profile, and down payment source.
- Canadian mortgages typically compound semi-annually. The math here uses standard monthly compounding for simplicity.
- Payments exclude property tax, condo fees, and insurance. Budget another 0.6 to 1.2% of the purchase price annually for those.
- For closing-day costs, run the land transfer tax calculator.