Mortgage Amortization Calculator Canada (2025 Updates) – Plan Your Payments Smartly

Easily Calculate Your Mortgage Amortization & Payment Schedule

Use our Mortgage Amortization Calculator Canada (2025 Updates) to accurately estimate your monthly payments, total interest paid, and loan payoff schedule. Whether you’re buying your first home, refinancing, or planning an investment, this tool helps you break down your mortgage and visualize how your payments evolve over time.

✅ Calculate your mortgage amortization schedule in seconds
✅ See how different loan terms & interest rates affect your payments
✅ Compare payment frequencies to optimize your mortgage strategy

Calculate My Payments

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Mortgage Payment Calculator Canada-the Genesis Group

🏆 Mortgage Amortization Calculator Canada

Get an in-depth breakdown of your mortgage payments and see how much interest you’ll pay over time.

🔢 What You Can Do with This Calculator

✔ Estimate your monthly mortgage payments & interest costs
✔ View a complete amortization schedule from start to finish
✔ Compare different loan terms (15, 20, 25, or 30 years)
✔ Understand how extra payments can save you thousands in interest

📌 New in 2025: First-time buyers & new builds can opt for a 30-year amortization starting Dec 15, 2024, as per CMHC guidelines.

Mortgage Size

Default insured mortgage cap is $1.5M. First-time buyers & new builds can have up to 30-year amortizations (from Dec 15, 2024).

$
Current Value: $500,000

Down Payment & Property Type

$
0% 20% 100%
Current Value: $100,000

Payment Frequency

Interest Rate

%
Current Rate: 4.24%
Term length for your chosen rate.

Amortization

5 25 30
From Dec 15, 2024, first-time buyers & new builds can choose up to 30 years.

Home Expenses

Yearly
Monthly
$
$
$

Rental Income

Check if you rent out part of your home.

Yearly
Monthly
Accelerated Payments & Pre-payments
Increase the number of payments/year and choose the % extra you want each time.

Make a lump sum on your mortgage right away.

Extra principal applied once per year.

Advanced Settings

$0

Includes 0% extra payment
  • Monthly Mortgage
    $0.00
  • Home Expenses
    $0.00
  • Other Expenses
    $0.00
  • Rental Income
    $0.00

Mortgage Size: $0

Down Payment: $0

Mortgage Insurance: $0.00

Details

Mortgage Payment: $0.00
Net Mortgage (with Insurance): $0.00
Interest paid over Term: $0.00 (INTEREST SAVING $0)
Balance end of Term: $0.00
Effective Amortization: 0 years (0 years faster)

Powered by the Genesis Group

Comparison: Your Scenario vs. Minimum 5% Down

Your Scenario (Below 5% Down)
Payment ignoring insurance: $0.00

Minimum 5% Down Scenario
Payment with insurance (5% down): $0.00

Compare Two Scenarios

Quickly see how different down payments or rates affect your monthly payment.

Scenario B Result

Monthly Payment: $0.00

Interest Paid Over Term: $0.00

Mortgage Insurance: $0.00

🚀 Why Use This Mortgage Amortization Calculator?

🏆 Trusted by Thousands of Canadians for Accurate & Reliable Mortgage Planning

✅ Fast & Easy – Simple inputs, instant results
✅ Up-to-Date – Uses the latest Canadian mortgage rules & interest rates
✅ Personalized Insights – Tailor your amortization period & payment frequency
✅ Expert Guidance – Speak to a mortgage broker for customized advice

🗣️ “This tool helped me see how making extra payments could save me thousands in interest!” – Verified User

⭐⭐⭐⭐⭐ Rated 5 Stars by Thousands of Satisfied Users

📌 Award-Winning Mortgage Brokerage | Backed by Certified Financial Experts

Get Personalized Advice – Book a Free Consultation
Mortgage Payment Calculator Canada-The Genesis Group

📖 How to Use the Mortgage Amortization Calculator

🔹 Step 1: Enter Your Mortgage Details

  • Home price, loan amount, interest rate, and loan term.

🔹 Step 2: Adjust Your Preferences

  • Choose payment frequency (monthly, biweekly, weekly) and amortization period.

🔹 Step 3: View Your Amortization Schedule

  • See a detailed breakdown of principal vs. interest payments over time.


🔵 Compare Mortgage Rates

📉 Compare Different Mortgage Amortization Scenarios

Use our tool to compare:

📌 15-year vs. 30-year mortgage terms – See how much interest you can save
📌 Fixed vs. variable rate mortgages – Compare total interest costs
📌 Biweekly vs. monthly payments – Find out which helps you pay off your mortgage faster

📌 New CMHC Mortgage Insurance Cap (2025 Updates):

  • CMHC insurance now available for homes up to $1.5M (previously $1M).
  • First-time buyers & new builds eligible for 30-year amortizations starting Dec 15, 2024.

Frequently Asked Questions About Mortgage Amortization

What is mortgage amortization?

Mortgage amortization is the process of gradually paying off your mortgage loan through scheduled payments that cover both principal and interest over a set period.

A longer amortization (e.g., 30 years) results in lower monthly payments but higher total interest paid over time. A shorter amortization (e.g., 15 years) means higher monthly payments but less interest paid overall.

Yes! Making extra payments or switching to biweekly payments can significantly reduce your total interest and help you pay off your mortgage faster.

In Canada, most mortgages follow a semi-annual compounding interest system. Your monthly payments are divided between interest and principal, with more going to interest in the early years and more toward principal later.

A higher interest rate increases your total mortgage cost, while a lower rate helps you pay off your mortgage faster with less interest.

Yes! Adjust your loan term, interest rate, and payment frequency to reflect investment property financing terms.

📞 Speak to a Mortgage Expert – Free Consultation

🚀 Get personalized advice from a licensed mortgage broker. Whether you’re buying a home, refinancing, or renewing your mortgage, we can help.

📌 Book a FREE consultation today!

Speak to an Expert

🔗 Trusted Resources

✅ Government of Canada – CMHC Mortgage Rules
✅ Canada Revenue Agency – Home Buying Tax Benefits
✅ Genesis Group’s Comprehensive Guides for Homebuyers and Investors in Canada

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5 Year - Variable

4.45%

This exclusive rate is available for High Ratio Mortgages and applies to both new purchases and some mortgage switches. With a guaranteed rate of Prime -1.00%, you’ll enjoy the freedom to make extra payments or increase your monthly payments by up to 20% per year.

And the best part? This is a full-frills mortgage—no hidden surprises or restrictive clauses like a bona fide sales clause!

Prime Rate @ 5.45%

4.45% - 5.50%

If you don’t qualify for our lowest advertised rate, don’t worry! We have other competitive options tailored to your needs. Factors such as your credit score and home equity will determine your final rate.

Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.

Secure Your Best Rate Today!

5 Year - Open

4.95%

Enjoy a rate discount starting from Prime -0.50% for your term. This 5-year Adjustable Rate Mortgage (ARM) offers unmatched flexibility: pay it, lock it, break it, or change it—with no restrictions or penalties.

Perfect for insured, insurable, and uninsured new purchases and switches, this option is available for owner-occupied properties only.

Prime Rate @ 5.45%

4.95% - 6.75%

If you don’t qualify for our lowest advertised rate, don’t worry—there are still excellent low-rate options for you! Your final rate depends on factors such as your credit rating and home equity.

Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.

Secure Your Best Rate Today!

5 Year - Fixed

4.24%

Lock in this competitive rate for High Ratio purchases! Enjoy the flexibility of making up to 20% lump sum payments annually, plus the option to increase your regular payments by up to 20%—perfect for managing your mortgage your way. Secure this rate for up to 120 days, giving you the confidence to plan ahead.

4.24% - 5.69%

Even if you don’t qualify for our lowest advertised rate, we’re here to help with a variety of competitive options designed to meet your needs. The rates above reflect realistic possibilities based on factors such as your credit score, home equity, and financial profile.

Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.

Secure Your Best Rate Today!

4 Year - Fixed

4.59%

Take advantage of this competitive rate available for High Ratio purchases and select Insured transfers! Enjoy the flexibility of making up to 20% lump sum payments annually and increasing your regular payments by up to 20%. This is a full-featured mortgage designed to give you the freedom and flexibility you need. 

4.59% - 6.84%

If you don’t qualify for our lowest advertised rate, don’t worry—we’ve got a variety of low-rate options to fit your needs. The rates shown above reflect realistic scenarios and are influenced by factors like credit score, home equity, and financial profile.

Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.

Secure Your Best Rate Today!

3 Year - Fixed

4.39%

Take advantage of this fantastic rate available exclusively for High Ratio deals! With the flexibility to make up to 15% lump sum payments annually and the option to increase your regular payments by up to 15%, this is a full-featured mortgage that adapts to your needs. Lock in this rate for up to 120 days and plan your homeownership journey with confidence.

4.39% - 5.79%

Don’t worry if you don’t qualify for our lowest advertised rate—we’ve got you covered with a range of low-rate options tailored to fit your unique circumstances. The rates above reflect realistic scenarios based on factors such as credit score, home equity, and financial profile.

Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.

Secure Your Best Rate Today!

2 Year - Fixed

4.84%

Lock in this competitive rate for High Ratio purchases! Enjoy the flexibility of making up to 20% lump sum payments annually, plus the option to increase your regular payments by up to 20%—perfect for managing your mortgage your way. Secure this rate for up to 120 days, giving you the confidence to plan ahead.

4.84% - 6.19%

Even if you don’t qualify for our lowest advertised rate, we’re here to help with a variety of competitive options designed to meet your needs. The rates above reflect realistic possibilities based on factors such as your credit score, home equity, and financial profile.

Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.

Secure Your Best Rate Today!

1 Year - Fixed

5.49%

Unlock this exclusive low rate for High Ratio purchases and Switches. Enjoy up to 20% lump sum payments annually and the flexibility to increase your payments by 20%! Plus, lock in this fully-loaded mortgage rate for up to 120 days—no hidden restrictions, just exceptional value.

5.49% - 6.99%

Even if you don’t qualify for our lowest rate, we’ve got plenty of low-rate options tailored to fit your unique situation. Your final rate depends on factors like your home equity and credit score, but with Genesis, you’ll always get the best-possible rate for your needs.

Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.

Secure Your Best Rate Today!

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