Mortgage Calculator Canada 🏡💰

Easily Estimate Your Mortgage Payments

Wondering how much your mortgage will cost? Use our free, easy-to-use mortgage calculator canada to quickly estimate your monthly mortgage payments, including principal, interest, taxes, and insurance.

🎯 Get Started Now

✅ Enter your loan details
✅ Adjust rates & terms to see different scenarios
✅ Compare mortgage options instantly

Calculate My Payments

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Mortgage Payment Calculator Canada-the Genesis Group

🏆 Mortgage Calculator for Canadians

Get an instant estimate of your monthly payments and affordability.
Just enter your home price, down payment, interest rate, and loan term, and we’ll do the rest!

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 Calculator?

  • Fast & Free – Get instant mortgage payment estimates
  • Tailored to Canada – Uses current Canadian mortgage rules & rates
  • Flexible Options – See how different down payments & interest rates affect your loan
  • Compare Payments – Easily evaluate fixed vs. variable rates
Get Personalized Advice – Book a Free Consultation
Mortgage Payment Calculator Canada-The Genesis Group

📖 How to Use This Calculator (Step-by-Step)

1️⃣ Enter the home price & down payment.
2️⃣ Choose your mortgage term & interest rate.
3️⃣ Select payment frequency (monthly, biweekly, or weekly).
4️⃣ Include property taxes & insurance (optional).
5️⃣ Click “Calculate” to see your estimated payments.

Compare Mortgage Rates

💡 FAQ: Mortgage Calculator Canada

What is a mortgage payment calculator?

A mortgage payment calculator helps estimate monthly or biweekly mortgage payments based on home price, down payment, loan term, and interest rate.

Our calculator provides highly accurate estimates using Canadian mortgage rules but doesn’t include lender-specific fees.

The minimum down payment is:

  • 5% for homes up to $500,000
  • 10% for the portion between $500,000 and $1M
  • 20% for homes over $1M

A higher interest rate increases monthly payments and total interest paid. A lower rate saves money over time.

Yes! Adjust the inputs to reflect investment property loans with different terms.

Fixed rates stay the same for the term, offering stability. Variable rates fluctuate based on market conditions.

📞 Speak to a Mortgage Expert

🚀 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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💡 Save Your Mortgage Calculation & Get Expert Insights!

🔹 Get a personalized mortgage report based on your input
🔹 See how you compare to other buyers in Canada
🔹 Exclusive rate updates & tips from top mortgage brokers

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📌 We respect your inbox. No spam, just valuable insights.

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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