Mortgage Calculator
Calculate your monthly mortgage payments and explore different scenarios
Calculate Your Mortgage
$2,271
Monthly Payment
Payment Breakdown
| Loan Amount: | $400,000 |
| Down Payment: | 20% |
| Monthly Payment: | $2,271 |
| Bi-Weekly Payment: | $1,135 |
| Weekly Payment: | $568 |
Total Cost
| Total Payments: | $681,300 |
| Total Interest: | $281,300 |
| CMHC Insurance: | $0 |
Understanding Your Results
Monthly Payment
This is your principal and interest payment. Property taxes, insurance, and HOA fees are additional costs to consider.
Interest Rate
The rate shown is for illustration. Actual rates depend on your credit score, down payment, and current market conditions.
Mortgage Insurance
Required if your down payment is less than 20%. This protects the lender and is added to your mortgage amount.
Ready to Get Pre-Approved?
This calculator provides estimates. For accurate rates and personalized advice, speak with one of our mortgage experts.
Get pre-approved to:
- Know exactly how much you can afford
- Shop with confidence
- Lock in today's rates
- Speed up the purchase process