Canadian Mortgage Calculator

Calculate a fixed Canadian mortgage using a nominal rate compounded semi-annually and paid monthly.
Results
Scheduled monthly payment
$1,566.01
Payments until payoff
360 months
Total principal and interest
$563,762.19
Total interest
$313,762.19
Amortization schedule (CSV)
Month,Payment,Interest,Principal,Balance
1,1566.01,1336.19,229.82,249770.18
2,1566.01,1334.96,231.05,249539.13
3,1566.01,1333.72,232.28,249306.85
4,1566.01,1332.48,233.53,249073.32
5,1566.01,1331.23,234.77,248838.55
6,1566.01,1329.98,236.03,248602.52
7,1566.01,1328.72,237.29,248365.23
8,1566.01,1327.45,238.56,248126.67
9,1566.01,1326.17,239.83,247886.83
10,1566.01,1324.89,241.12,247645.72
11,1566.01,1323.60,242.40,247403.32
12,1566.01,1322.31,243.70,247159.62
13,1566.01,1321.00,245.00,246914.61
14,1566.01,1319.69,246.31,246668.30
15,1566.01,1318.38,247.63,246420.67
16,1566.01,1317.05,248.95,246171.72
17,1566.01,1315.72,250.28,245921.44
18,1566.01,1314.39,251.62,245669.82
19,1566.01,1313.04,252.96,245416.85
20,1566.01,1311.69,254.32,245162.54
21,1566.01,1310.33,255.68,244906.86
22,1566.01,1308.96,257.04,244649.82
23,1566.01,1307.59,258.42,244391.40
24,1566.01,1306.21,259.80,244131.61
25,1566.01,1304.82,261.19,243870.42
26,1566.01,1303.42,262.58,243607.84
27,1566.01,1302.02,263.99,243343.85
28,1566.01,1300.61,265.40,243078.46
29,1566.01,1299.19,266.81,242811.64
30,1566.01,1297.77,268.24,242543.40
31,1566.01,1296.33,269.67,242273.72
32,1566.01,1294.89,271.12,242002.61
33,1566.01,1293.44,272.57,241730.04
34,1566.01,1291.98,274.02,241456.02
35,1566.01,1290.52,275.49,241180.54
36,1566.01,1289.05,276.96,240903.58
37,1566.01,1287.57,278.44,240625.14
38,1566.01,1286.08,279.93,240345.21
39,1566.01,1284.58,281.42,240063.79
40,1566.01,1283.08,282.93,239780.86
41,1566.01,1281.57,284.44,239496.42
42,1566.01,1280.05,285.96,239210.46
43,1566.01,1278.52,287.49,238922.97
44,1566.01,1276.98,289.02,238633.95
45,1566.01,1275.44,290.57,238343.38
46,1566.01,1273.88,292.12,238051.25
47,1566.01,1272.32,293.68,237757.57
48,1566.01,1270.75,295.25,237462.32
49,1566.01,1269.17,296.83,237165.48
50,1566.01,1267.59,298.42,236867.07
51,1566.01,1265.99,300.01,236567.05
52,1566.01,1264.39,301.62,236265.44
53,1566.01,1262.78,303.23,235962.21
54,1566.01,1261.16,304.85,235657.36
55,1566.01,1259.53,306.48,235350.88
56,1566.01,1257.89,308.12,235042.76
57,1566.01,1256.24,309.76,234733.00
58,1566.01,1254.59,311.42,234421.58
59,1566.01,1252.92,313.08,234108.50
60,1566.01,1251.25,314.76,233793.74
61,1566.01,1249.57,316.44,233477.30
62,1566.01,1247.88,318.13,233159.17
63,1566.01,1246.18,319.83,232839.34
64,1566.01,1244.47,321.54,232517.80
65,1566.01,1242.75,323.26,232194.54
66,1566.01,1241.02,324.99,231869.55
67,1566.01,1239.28,326.72,231542.83
68,1566.01,1237.54,328.47,231214.36
69,1566.01,1235.78,330.23,230884.13
70,1566.01,1234.02,331.99,230552.14
71,1566.01,1232.24,333.76,230218.38
72,1566.01,1230.46,335.55,229882.83
73,1566.01,1228.66,337.34,229545.49
74,1566.01,1226.86,339.15,229206.34
75,1566.01,1225.05,340.96,228865.39
76,1566.01,1223.23,342.78,228522.61
77,1566.01,1221.39,344.61,228177.99
78,1566.01,1219.55,346.45,227831.54
79,1566.01,1217.70,348.31,227483.23
80,1566.01,1215.84,350.17,227133.07
81,1566.01,1213.97,352.04,226781.03
82,1566.01,1212.09,353.92,226427.11
83,1566.01,1210.19,355.81,226071.29
84,1566.01,1208.29,357.71,225713.58
85,1566.01,1206.38,359.63,225353.96
86,1566.01,1204.46,361.55,224992.41
87,1566.01,1202.53,363.48,224628.93
88,1566.01,1200.58,365.42,224263.50
89,1566.01,1198.63,367.38,223896.13
90,1566.01,1196.67,369.34,223526.79
91,1566.01,1194.69,371.31,223155.48
92,1566.01,1192.71,373.30,222782.18
93,1566.01,1190.71,375.29,222406.88
94,1566.01,1188.71,377.30,222029.59
95,1566.01,1186.69,379.32,221650.27
96,1566.01,1184.66,381.34,221268.93
97,1566.01,1182.62,383.38,220885.55
98,1566.01,1180.58,385.43,220500.12
99,1566.01,1178.52,387.49,220112.62
100,1566.01,1176.44,389.56,219723.06
101,1566.01,1174.36,391.64,219331.42
102,1566.01,1172.27,393.74,218937.68
103,1566.01,1170.17,395.84,218541.84
104,1566.01,1168.05,397.96,218143.89
105,1566.01,1165.92,400.08,217743.80
106,1566.01,1163.78,402.22,217341.58
107,1566.01,1161.63,404.37,216937.21
108,1566.01,1159.47,406.53,216530.68
109,1566.01,1157.30,408.71,216121.97
110,1566.01,1155.12,410.89,215711.08
111,1566.01,1152.92,413.09,215297.99
112,1566.01,1150.71,415.29,214882.70
113,1566.01,1148.49,417.51,214465.18
114,1566.01,1146.26,419.75,214045.44
115,1566.01,1144.02,421.99,213623.45
116,1566.01,1141.76,424.24,213199.21
117,1566.01,1139.49,426.51,212772.69
118,1566.01,1137.21,428.79,212343.90
119,1566.01,1134.92,431.08,211912.82
120,1566.01,1132.62,433.39,211479.43
121,1566.01,1130.30,435.70,211043.73
122,1566.01,1127.97,438.03,210605.70
123,1566.01,1125.63,440.37,210165.32
124,1566.01,1123.28,442.73,209722.60
125,1566.01,1120.91,445.09,209277.50
126,1566.01,1118.53,447.47,208830.03
127,1566.01,1116.14,449.86,208380.17
128,1566.01,1113.74,452.27,207927.90
129,1566.01,1111.32,454.69,207473.21
130,1566.01,1108.89,457.12,207016.10
131,1566.01,1106.45,459.56,206556.54
132,1566.01,1103.99,462.02,206094.52
133,1566.01,1101.52,464.48,205630.04
134,1566.01,1099.04,466.97,205163.07
135,1566.01,1096.54,469.46,204693.61
136,1566.01,1094.03,471.97,204221.64
137,1566.01,1091.51,474.49,203747.14
138,1566.01,1088.98,477.03,203270.11
139,1566.01,1086.43,479.58,202790.53
140,1566.01,1083.86,482.14,202308.39
141,1566.01,1081.29,484.72,201823.67
142,1566.01,1078.70,487.31,201336.36
143,1566.01,1076.09,489.92,200846.44
144,1566.01,1073.47,492.53,200353.91
145,1566.01,1070.84,495.17,199858.74
146,1566.01,1068.19,497.81,199360.93
147,1566.01,1065.53,500.47,198860.45
148,1566.01,1062.86,503.15,198357.31
149,1566.01,1060.17,505.84,197851.47
150,1566.01,1057.46,508.54,197342.93
151,1566.01,1054.75,511.26,196831.67
152,1566.01,1052.01,513.99,196317.68
153,1566.01,1049.27,516.74,195800.94
154,1566.01,1046.51,519.50,195281.44
155,1566.01,1043.73,522.28,194759.16
156,1566.01,1040.94,525.07,194234.09
157,1566.01,1038.13,527.88,193706.21
158,1566.01,1035.31,530.70,193175.52
159,1566.01,1032.47,533.53,192641.98
160,1566.01,1029.62,536.38,192105.60
161,1566.01,1026.75,539.25,191566.35
162,1566.01,1023.87,542.13,191024.21
163,1566.01,1020.97,545.03,190479.18
164,1566.01,1018.06,547.94,189931.24
165,1566.01,1015.13,550.87,189380.36
166,1566.01,1012.19,553.82,188826.55
167,1566.01,1009.23,556.78,188269.77
168,1566.01,1006.25,559.75,187710.02
169,1566.01,1003.26,562.74,187147.27
170,1566.01,1000.25,565.75,186581.52
171,1566.01,997.23,568.78,186012.74
172,1566.01,994.19,571.82,185440.93
173,1566.01,991.13,574.87,184866.05
174,1566.01,988.06,577.95,184288.11
175,1566.01,984.97,581.03,183707.08
176,1566.01,981.87,584.14,183122.94
177,1566.01,978.74,587.26,182535.67
178,1566.01,975.61,590.40,181945.27
179,1566.01,972.45,593.56,181351.72
180,1566.01,969.28,596.73,180754.99
181,1566.01,966.09,599.92,180155.07
182,1566.01,962.88,603.12,179551.95
183,1566.01,959.66,606.35,178945.60
184,1566.01,956.42,609.59,178336.01
185,1566.01,953.16,612.85,177723.17
186,1566.01,949.88,616.12,177107.04
187,1566.01,946.59,619.41,176487.63
188,1566.01,943.28,622.73,175864.90
189,1566.01,939.95,626.05,175238.85
190,1566.01,936.61,629.40,174609.45
191,1566.01,933.24,632.76,173976.69
192,1566.01,929.86,636.15,173340.54
193,1566.01,926.46,639.55,172700.99
194,1566.01,923.04,642.96,172058.03
195,1566.01,919.61,646.40,171411.63
196,1566.01,916.15,649.86,170761.77
197,1566.01,912.68,653.33,170108.44
198,1566.01,909.19,656.82,169451.62
199,1566.01,905.67,660.33,168791.29
200,1566.01,902.15,663.86,168127.43
201,1566.01,898.60,667.41,167460.02
202,1566.01,895.03,670.98,166789.05
203,1566.01,891.44,674.56,166114.49
204,1566.01,887.84,678.17,165436.32
205,1566.01,884.21,681.79,164754.53
206,1566.01,880.57,685.44,164069.09
207,1566.01,876.91,689.10,163379.99
208,1566.01,873.22,692.78,162687.21
209,1566.01,869.52,696.49,161990.72
210,1566.01,865.80,700.21,161290.52
211,1566.01,862.06,703.95,160586.57
212,1566.01,858.29,707.71,159878.85
213,1566.01,854.51,711.50,159167.36
214,1566.01,850.71,715.30,158452.06
215,1566.01,846.89,719.12,157732.94
216,1566.01,843.04,722.96,157009.97
217,1566.01,839.18,726.83,156283.15
218,1566.01,835.29,730.71,155552.43
219,1566.01,831.39,734.62,154817.81
220,1566.01,827.46,738.55,154079.27
221,1566.01,823.51,742.49,153336.78
222,1566.01,819.55,746.46,152590.31
223,1566.01,815.56,750.45,151839.86
224,1566.01,811.54,754.46,151085.40
225,1566.01,807.51,758.49,150326.91
226,1566.01,803.46,762.55,149564.36
227,1566.01,799.38,766.62,148797.74
228,1566.01,795.29,770.72,148027.02
229,1566.01,791.17,774.84,147252.18
230,1566.01,787.02,778.98,146473.20
231,1566.01,782.86,783.14,145690.05
232,1566.01,778.68,787.33,144902.72
233,1566.01,774.47,791.54,144111.18
234,1566.01,770.24,795.77,143315.41
235,1566.01,765.98,800.02,142515.39
236,1566.01,761.71,804.30,141711.09
237,1566.01,757.41,808.60,140902.49
238,1566.01,753.09,812.92,140089.57
239,1566.01,748.74,817.26,139272.31
240,1566.01,744.37,821.63,138450.68
241,1566.01,739.98,826.02,137624.66
242,1566.01,735.57,830.44,136794.22
243,1566.01,731.13,834.88,135959.34
244,1566.01,726.67,839.34,135120.00
245,1566.01,722.18,843.82,134276.18
246,1566.01,717.67,848.33,133427.84
247,1566.01,713.14,852.87,132574.97
248,1566.01,708.58,857.43,131717.55
249,1566.01,704.00,862.01,130855.54
250,1566.01,699.39,866.62,129988.92
251,1566.01,694.76,871.25,129117.67
252,1566.01,690.10,875.91,128241.76
253,1566.01,685.42,880.59,127361.18
254,1566.01,680.71,885.29,126475.88
255,1566.01,675.98,890.03,125585.86
256,1566.01,671.22,894.78,124691.08
257,1566.01,666.44,899.56,123791.51
258,1566.01,661.63,904.37,122887.14
259,1566.01,656.80,909.21,121977.93
260,1566.01,651.94,914.07,121063.87
261,1566.01,647.05,918.95,120144.92
262,1566.01,642.14,923.86,119221.05
263,1566.01,637.21,928.80,118292.25
264,1566.01,632.24,933.76,117358.49
265,1566.01,627.25,938.76,116419.73
266,1566.01,622.23,943.77,115475.96
267,1566.01,617.19,948.82,114527.14
268,1566.01,612.12,953.89,113573.25
269,1566.01,607.02,958.99,112614.27
270,1566.01,601.89,964.11,111650.16
271,1566.01,596.74,969.27,110680.89
272,1566.01,591.56,974.45,109706.45
273,1566.01,586.35,979.65,108726.79
274,1566.01,581.12,984.89,107741.90
275,1566.01,575.85,990.15,106751.75
276,1566.01,570.56,995.45,105756.30
277,1566.01,565.24,1000.77,104755.54
278,1566.01,559.89,1006.11,103749.42
279,1566.01,554.51,1011.49,102737.93
280,1566.01,549.11,1016.90,101721.03
281,1566.01,543.67,1022.33,100698.70
282,1566.01,538.21,1027.80,99670.90
283,1566.01,532.72,1033.29,98637.61
284,1566.01,527.19,1038.81,97598.79
285,1566.01,521.64,1044.37,96554.43
286,1566.01,516.06,1049.95,95504.48
287,1566.01,510.45,1055.56,94448.92
288,1566.01,504.80,1061.20,93387.72
289,1566.01,499.13,1066.87,92320.85
290,1566.01,493.43,1072.58,91248.27
291,1566.01,487.70,1078.31,90169.96
292,1566.01,481.94,1084.07,89085.89
293,1566.01,476.14,1089.87,87996.03
294,1566.01,470.32,1095.69,86900.34
295,1566.01,464.46,1101.55,85798.79
296,1566.01,458.57,1107.43,84691.36
297,1566.01,452.65,1113.35,83578.00
298,1566.01,446.70,1119.30,82458.70
299,1566.01,440.72,1125.29,81333.42
300,1566.01,434.71,1131.30,80202.12
301,1566.01,428.66,1137.35,79064.77
302,1566.01,422.58,1143.43,77921.34
303,1566.01,416.47,1149.54,76771.81
304,1566.01,410.33,1155.68,75616.13
305,1566.01,404.15,1161.86,74454.27
306,1566.01,397.94,1168.07,73286.20
307,1566.01,391.70,1174.31,72111.89
308,1566.01,385.42,1180.59,70931.30
309,1566.01,379.11,1186.90,69744.41
310,1566.01,372.77,1193.24,68551.17
311,1566.01,366.39,1199.62,67351.55
312,1566.01,359.98,1206.03,66145.52
313,1566.01,353.53,1212.48,64933.04
314,1566.01,347.05,1218.96,63714.09
315,1566.01,340.54,1225.47,62488.62
316,1566.01,333.99,1232.02,61256.60
317,1566.01,327.40,1238.61,60017.99
318,1566.01,320.78,1245.23,58772.77
319,1566.01,314.13,1251.88,57520.88
320,1566.01,307.43,1258.57,56262.31
321,1566.01,300.71,1265.30,54997.01
322,1566.01,293.94,1272.06,53724.95
323,1566.01,287.15,1278.86,52446.09
324,1566.01,280.31,1285.70,51160.40
325,1566.01,273.44,1292.57,49867.83
326,1566.01,266.53,1299.48,48568.35
327,1566.01,259.59,1306.42,47261.93
328,1566.01,252.60,1313.40,45948.53
329,1566.01,245.58,1320.42,44628.11
330,1566.01,238.53,1327.48,43300.63
331,1566.01,231.43,1334.58,41966.05
332,1566.01,224.30,1341.71,40624.34
333,1566.01,217.13,1348.88,39275.46
334,1566.01,209.92,1356.09,37919.37
335,1566.01,202.67,1363.34,36556.04
336,1566.01,195.38,1370.62,35185.41
337,1566.01,188.06,1377.95,33807.47
338,1566.01,180.69,1385.31,32422.15
339,1566.01,173.29,1392.72,31029.43
340,1566.01,165.84,1400.16,29629.27
341,1566.01,158.36,1407.65,28221.63
342,1566.01,150.84,1415.17,26806.46
343,1566.01,143.27,1422.73,25383.72
344,1566.01,135.67,1430.34,23953.39
345,1566.01,128.02,1437.98,22515.41
346,1566.01,120.34,1445.67,21069.74
347,1566.01,112.61,1453.39,19616.35
348,1566.01,104.84,1461.16,18155.18
349,1566.01,97.03,1468.97,16686.21
350,1566.01,89.18,1476.82,15209.39
351,1566.01,81.29,1484.72,13724.67
352,1566.01,73.35,1492.65,12232.02
353,1566.01,65.38,1500.63,10731.39
354,1566.01,57.36,1508.65,9222.74
355,1566.01,49.29,1516.71,7706.03
356,1566.01,41.19,1524.82,6181.21
357,1566.01,33.04,1532.97,4648.24
358,1566.01,24.84,1541.16,3107.08
359,1566.01,16.61,1549.40,1557.68
360,1566.01,8.33,1557.68,0.00
How It Works

Monthly rate=(1+nominal annual rate/2)^(1/6)−1. Fixed nominal rate is assumed for the entire entered amortization.
Does not forecast renewal rates, mortgage insurance, tax, fees or variable-rate compounding.
Reference Sources

FCAC: fixed-rate mortgage agreement and compounding
FAQs

How does this calculator work?
Monthly rate=(1+nominal annual rate/2)^(1/6)−1. Fixed nominal rate is assumed for the entire entered amortization.
What assumptions should I check?
Does not forecast renewal rates, mortgage insurance, tax, fees or variable-rate compounding.