Calculator
Enter your details to estimate your payment.
Your mortgage payment
Principal
Total number of payments
Total paid
Total interest
Calculator
Mortgage payment calculator
Estimate monthly, biweekly, or weekly mortgage payments using the Canadian method (semi-annual compounding).
Other calculators
About the Canadian mortgage calculation
Semi-annual compounding
In Canada, mortgages use semi-annual compounding (twice per year), which differs from other countries. This calculator follows that standard method.
Accelerated payments
Biweekly or weekly payments can help you pay off your mortgage sooner because you effectively make the equivalent of 13 monthly payments per year instead of 12.
Estimate only
This calculation is an estimate. Your actual payment may vary based on your financial institution, fees, and your specific loan terms.