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Mortgage Payment Calculator Canada

Our mortgage payment calculator calculates your monthly payment and shows you the monthly mortgage payment, you have to put aside some only to cover the property tax and utilities as well.

How To Use This Canadian Mortgage Calculator

 

  1. Enter your total purchase amount
  2. Next, enter your Downpayment  
  3. Next, enter your interest rate. This is the rate you will be charged by your bank or financial institution.
  4. Next, enter the mortgage amortization period in years ( total lenth of mortgage usually from 25 to 35 years)

Press “Calculate Mortgage”. You will see your payment amounts, your total payments, and your total interest. You will also see your figures in different scenarios if you decide to change your payment frequency

Monthly Mortgage Payments