Mortgage calculator
Understand the payment—and the story behind it.
Model an Ontario purchase with Canadian interest conversion, minimum down-payment rules, mortgage insurance, accelerated frequencies, and a full amortization schedule.
Your scenario
Purchase details
About 30-year amortizations
With less than 20% down, a 30-year insured amortization generally requires an eligible first-time buyer or a qualifying new build. With 20% or more down, availability depends on lender policy.
Full amortization
Principal vs. interest
- Principal
- $717,600
- Interest
- $534,479
Balance over time
Amortization journey
At the end of amortization, principal paid is $717,600 and estimated interest paid is $534,479.
View amortization schedule
| Year | Payment | Principal | Interest | Remaining balance |
|---|---|---|---|---|
| Year 1 | $50,083.17 | $14,906.39 | $35,176.78 | $702,693.61 |
| Year 2 | $50,083.17 | $15,661.03 | $34,422.14 | $687,032.58 |
| Year 3 | $50,083.17 | $16,453.87 | $33,629.30 | $670,578.71 |
| Year 4 | $50,083.17 | $17,286.85 | $32,796.32 | $653,291.86 |
| Year 5 | $50,083.17 | $18,161.99 | $31,921.18 | $635,129.87 |
| Year 6 | $50,083.17 | $19,081.44 | $31,001.73 | $616,048.43 |
| Year 7 | $50,083.17 | $20,047.44 | $30,035.73 | $596,000.99 |
| Year 8 | $50,083.17 | $21,062.34 | $29,020.83 | $574,938.64 |
| Year 9 | $50,083.17 | $22,128.62 | $27,954.54 | $552,810.02 |
| Year 10 | $50,083.17 | $23,248.89 | $26,834.28 | $529,561.13 |
| Year 11 | $50,083.17 | $24,425.86 | $25,657.31 | $505,135.27 |
| Year 12 | $50,083.17 | $25,662.42 | $24,420.75 | $479,472.86 |
| Year 13 | $50,083.17 | $26,961.58 | $23,121.59 | $452,511.28 |
| Year 14 | $50,083.17 | $28,326.51 | $21,756.66 | $424,184.77 |
| Year 15 | $50,083.17 | $29,760.54 | $20,322.63 | $394,424.23 |
| Year 16 | $50,083.17 | $31,267.17 | $18,816.00 | $363,157.06 |
| Year 17 | $50,083.17 | $32,850.07 | $17,233.10 | $330,306.99 |
| Year 18 | $50,083.17 | $34,513.10 | $15,570.07 | $295,793.89 |
| Year 19 | $50,083.17 | $36,260.33 | $13,822.84 | $259,533.57 |
| Year 20 | $50,083.17 | $38,096.01 | $11,987.16 | $221,437.56 |
| Year 21 | $50,083.17 | $40,024.62 | $10,058.55 | $181,412.94 |
| Year 22 | $50,083.17 | $42,050.86 | $8,032.31 | $139,362.08 |
| Year 23 | $50,083.17 | $44,179.69 | $5,903.48 | $95,182.39 |
| Year 24 | $50,083.17 | $46,416.28 | $3,666.88 | $48,766.11 |
| Year 25 | $50,083.17 | $48,766.11 | $1,317.06 | $0.00 |
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Important calculator disclaimer
This calculator is provided for general informational and illustrative purposes only. Results are estimates and may not reflect lender-specific qualification requirements, fees, taxes, insurance requirements, or available mortgage products. It does not constitute mortgage approval, a commitment to lend, financial advice, or legal advice. Rates, qualification requirements, and mortgage-insurance rules can change.
Canadian fixed-rate examples use nominal annual interest converted with semi-annual compounding. Accelerated payments are modelled from the monthly payment as described in the calculator methodology.