Mortgage Calculator
A real Canadian payment calculator — semi-annual compounding included.
Canadian mortgages don’t work quite like the ones in US-based calculators you’ll find online. By law, the interest rate on a fixed-rate mortgage here must be quoted as compounded semi-annually, not monthly — a small difference that changes your real payment. The calculator below is built around that rule.
Payment
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Loan amount
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Total interest
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Total of all payments
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Estimate only. Canadian mortgage rates are compounded semi-annually by law, which this calculator accounts for — that is why it will not exactly match a US-style mortgage calculator. It does not include default insurance premiums, closing costs, or property tax.