Mortgage Payment Calculator
Plan your future with our comprehensive mortgage and investment calculators
Calculating Your Mortgage Payment
Calculate your monthly mortgage payments and view amortization schedule
Mortgage Summary
Monthly Payment
$
Total Interest
$0.00
Amortization Schedule
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Today's Best Mortgage Rates
Best Mortgage Rates
3 Year Fixed
4.29%
5 Year Fixed
4.07%
7 Year Fixed
4.49%
10 Year Fixed
4.89%
Compare the latest mortgage rates from top lenders to find the best deal for your home financing. Our rates are updated daily and reflect the most competitive offers in the market.
How To Calculate Your Loan-to-Value (LTV) Ratio
Your Loan-to-Value (LTV) ratio is a crucial metric that lenders use to assess mortgage applications. Here's how to calculate it:
- Divide your loan amount by the appraised property value
- Multiply the result by 100 to get your LTV percentage
A lower LTV ratio typically results in better mortgage terms and rates.
How to Refinance Your Mortgage in Canada
Refinancing your mortgage can help you secure a better rate or access your home equity. Follow these steps:
- Review your current mortgage terms
- Check your credit score
- Calculate your home equity
- Compare lenders and rates
- Gather required documentation
- Apply for refinancing
Mortgage Guides
First-Time Home Buyers
Essential information for those entering the housing market.
Mortgage Types
Compare different mortgage options and find what suits you.
Latest Mortgage News
Bank of Canada Updates
The next announcement will be on March 12th. Using overnight index swap and forward rate calculation data, bond markets are currently pricing in a probability of a rate hold.
Market Trends
Experts predict payment shock is coming for Canadian mortgages as interest rates continue to impact the housing market.
Mortgage Basics
What Is a Mortgage?
A mortgage is a loan used to purchase property, with the property serving as collateral. Understanding key terms and concepts is essential for making informed decisions.
Types of Mortgages
- Fixed-rate mortgages
- Variable-rate mortgages
- Open mortgages
- Closed mortgages