Canadian Mortgage Calculator

Use this free Canadian mortgage calculator to estimate payment, loan amount, loan-to-value, and interest with semi-annual compounding conversion.

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Formula steps Estimate limits shown Examples included Private history

Property priceDown paymentInterest rate (%)Amortization (years)Payment frequency

Estimated mortgage paymentCA$2,819.09

CA$480,000 at 5.1% with semi-annual conversion

Loan amount: CA$480,000.00
Loan-to-value: 80%
Total interest: CA$365,727.47
Payments: 300 months

This does not include mortgage default insurance, property tax, closing costs, or lender qualification rules.

Formula steps

Subtract down payment from property price.
Convert the nominal rate through semi-annual compounding.
Calculate the payment for the selected payment frequency.

How to use the canadian mortgage calculator

Enter the requested dollar amounts, rates, terms, tax settings, or contribution details.
Use rates as percentages, such as 6.5 for 6.5%, and check whether a field asks for a monthly or annual amount.
Press the calculate button to see the answer, supporting metrics, and formula steps.
Use the result as a planning estimate only, then copy it if the assumptions look right.

Common uses

Estimate a Canadian mortgage payment.

Compare monthly, biweekly, weekly, and semimonthly payment frequencies.

See loan-to-value from property price and down payment.

Use semi-annual compounding conversion for Canadian-style payment math.

Examples

Monthly payments 600,000 property, 120,000 down, 5.1%

Payment estimate

Biweekly Biweekly payment frequency

Payment estimate

Short amortization 20-year amortization

Higher payment estimate

Frequently asked questions

Plain-language answers about when to use the estimate, what your numbers mean, what is left out, and how privacy works.

When should I use the Canadian Mortgage Calculator?

Use it for early planning and side-by-side comparisons, especially for tasks like these: Estimate a Canadian mortgage payment. Compare monthly, biweekly, weekly, and semimonthly payment frequencies. Treat the answer as a planning estimate, not a final quote.

What is the Canadian Mortgage Calculator doing with my numbers?

In plain language: The calculator subtracts down payment from property price, converts the nominal annual rate through semi-annual compounding, then calculates payment for the selected frequency. If the result seems too high or too low, first check whether each field expects a monthly amount, annual amount, dollar value, or percent.

What does this estimate leave out?

This does not include mortgage default insurance, property tax, closing costs, prepayment privileges, renewal risk, or lender qualification rules. Real finance decisions can also depend on fees, timing, local rules, credit details, and provider-specific terms.

Does the site save my finance inputs?

No. The calculator runs in your browser tab. Recent answers stay only on the page while you use it, and they are not sent to a server.