Mortgage Calculator (Canada)
Estimate your Canadian mortgage payment using semi-annual compounding.
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Frequently asked questions
How are Canadian mortgages calculated differently?
Canadian mortgages compound semi-annually by law. The posted annual rate converts to a monthly rate via (1 + annual/2)^(2/12) − 1.
What is an amortization period?
The total scheduled repayment length (commonly 25 years), distinct from the term (rate renegotiation interval, commonly 5 years).
Does this calculator provide mortgage advice?
No. It is an estimator only, not financial or mortgage advice.
Legal & Accuracy Notice: Estimator only — not financial or mortgage advice. Excludes property tax, insurance, CMHC premiums, and fees. Confirm with a licensed professional. No data collected.