Mortgage Payment Calculator
Run your own numbers in seconds — see your payment, how much goes to principal vs. interest, your balance at the end of term, and how prepayments could save you thousands.
The amount you’re borrowing — your purchase price minus your down payment.
Your rate can be Fixed for the term or Variable (moves with prime). The rate term is your contract length with the lender.
The total time to pay off your mortgage in full. New mortgages in Canada usually start at 25 or 30 years.
Most lenders let you increase your payments or make lump-sum prepayments each year — every extra dollar goes straight to principal.
End of term
| Year | Principal Paid | Interest Paid | Total Paid | Ending Balance |
|---|
Monthly
Talk to Ted — Get Pre-Approved
Calculations use semi-annual compounding, the Canadian standard for mortgages under the Interest Act. Results are estimates for illustration only and are not a rate guarantee or approval. Contact Ted Vailas, Mortgage Professional, Dominion Lending Centres — 204-890-2446.
Like your numbers? Let’s make them real.
Rates change daily and every lender qualifies differently. Ted will shop dozens of lenders to find your best fit — at no cost to you.
© Dominion Lending Centres Mainstream Mortgages. Each office independently owned & operated. This calculator is provided for general illustration. Actual payments may vary based on lender, insurance premiums (if applicable), rounding conventions and the timing of rate changes on variable products. Prepayment privileges vary by lender and product.