Canadian Mortgage Calculator

Canadian-style mortgage payments with payment frequencies, compounding options, amortization summary, and Show Work.

How to Use

  1. Enter the home price and down payment (amount or percent).
  2. Set interest rate, amortization, and payment frequency.
  3. Choose compounding (Canadian semi-annual is common).
  4. View payment, totals, and Show Work. Use Share Link only when you’re ready.
Live Summary
Outputs update as you type (no URL changes).
Payment
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Loan
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Total Interest
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Total Paid
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Enter values on the right. Results are estimates and assume a constant rate for the full amortization.
Frequency
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Rate (Nominal)
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Effective per-payment rate
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# of payments
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Inputs
CAD amounts. Down payment can be amount or percent.
Total purchase price (CAD).
Switch to percent if you prefer.
Amount in CAD or percent, based on the selector.
Enter APR as a percent (e.g., 5.25).
Common: 20–30 years.
Accelerated options increase annual payments and can reduce interest.
Canadian fixed mortgages commonly use nominal rate compounded semi-annually.
Adds to each scheduled payment (estimate).
Show Work (step-by-step)
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Work shows the effective per-payment rate derived from the selected compounding convention.

Formulas

Base payment formula (level payment): PMT = P × r × (1+r)^n / ((1+r)^n − 1)

  • P = loan principal
  • r = effective interest rate per payment period
  • n = total number of payments

For Canadian semi-annual compounding, the tool converts the nominal annual rate into an effective periodic rate.

Tool Info

Last updated:

Updates may include additional schedule options, validation improvements, and edge-case handling.