Mortgage Payment Calculator

Our mortgage payment calculator will help you determine your monthly mortgage payments. Enter your mortgage amount, the interest rate, mortgage length, and the value of your home to calculate your mortgage payments. A payment schedule is available as well.

You can view and print your results in PDF format. You can also share your results through e-mail.

Input Information

Loan Information
Amount :	($)
Interest Rate :	(%)
Length :	(Yrs)
Property Information
Home Value :	($)
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Name :
Phone # :
Show Schedule Table

Now that you have more information about your mortgage, take the next step and speak to a Mortgage Consultant today!

Financial Analysis (Switch to Plain English)

Loan To Value Ratio :	83.33%
Total Monthly Payments :	$1,334.23

Results: In Plain English (Switch to Financial Analysis)

As you can see, your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan. Just as an example, let's say you are borrowing $250,000.00 for 30 years with an interest rate of 5.000%. If the value of your home is $300,000.00, you can expect to be making a total payment of $1,334.23. As your Loan to Valuation Ratio is 83.33%, you will also have to pay Lenders Mortgage Insurance at the time of settlement. This insurance only protects the lender in the event of a default by you. It does however encourage lenders to lend to people who do not have a 20% deposit. The rate of Lenders Mortgage Insurance increases as the LVR increases and you should carefully assess this cost.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult a Mortgages Canada representative for more information.

Mortgage Payment Calculator

Rates updated on February 4, 2012