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Mortgage
Payment
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Estimate and compare your
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mortgage payment and the
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total interest paid.
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Scenario 1
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Scenario 2
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Mortgage loan
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$
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$
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Interest rate
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%
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%
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Amortization
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Yrs
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Yrs
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Payment frequency
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Mortgage payment
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Total interest
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Assumptions
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The maximum
amortization in Canada is 25 years on down payments
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of less than 20%.
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Disclaimer
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This calculator is
for illustrative purposes only and may not reflect the
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actual numbers in
your mortgage loan agreement. You should not rely
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on
the results as indication of your financial needs and we recommend
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that you seek out
your own investment, legal, tax or professional advice.
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