Monthly Payment
Loan Amount
Total Interest
Total Cost
| Year | Principal | Interest | Balance |
|---|
Enter home price, down payment, term, rate. See monthly payment, total interest, amortization schedule.
Biggest financial decision. Understand true costs, compare scenarios, determine affordability.
5% under $500k, 10% $500k-$1.5M, 20% over $1.5M.
Mortgage payment only; add taxes, insurance, insurance separately.
Fixed: predictable; variable: changes with Bank of Canada rate.
Typically 5-year terms with 25-year amortization.