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Estimate Your Mortgage Payments with Confidence

Use our easy-to-use mortgage calculator to quickly estimate your potential monthly payments, understand affordability, and plan your homeownership journey in Ontario.

Purchase Calculator

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Rate

Your mortgage interest rate can either be Fixed for the term or Variable (which changes with the prime rate). The Rate Term is the contract length with a lender.

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Amortization

Amortization is the total time it takes to pay off your mortgage in full. New mortgages usually start with an amortization of 25 years or 30 years in Canada.

Pay your mortgage faster

Increasing your mortgage payments or paying a lump sum towards your principal have a huge impact. You'll pay off your mortgage much sooner and save tons of interest.

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Mortgage Payment

$2,765

Mortgage Payment
Term
Total
Principal Paid
$815.64
Interest Paid
$2,163.95
Total payment
$2,979.59
Balance end of Term
$444,256.88
Effective Amortization
25 Years
Monthly Mortgage
$2,764.76
Mortgage Payment
$2,764.76
Net Mortgage
$2,764.76
Mortgage Insurance
$2,764.76
Interest paid over term
$2,764.76
Balance end of Term
$2,764.76
Effective Amortization
$2,764.76
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647-980-5399
alex@ontariomortgageexpert.ca
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Oops! Something went wrong while submitting the form.
HomeWho We HelpBlogAbout UsMortgage Calculator
647-980-5399
alex@ontariomortgageexpert.ca
Book A Discovery Call
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