Mortgage Calculator

This calculator is based on Canadian mortgages only. All possible costs are not included in the payment amount, for a more accurate payment see your bank representative.

Answer the questions listed below. Click "Computer Payment and Balance Summary" button when you are finished.

1. Mortgage Term:	Please choose 6 Months 1 Year 2 Years 3 Years 5 Years 7 Years 10 Years
2. Payment Frequency:	Please choose Monthly Semi-Monthly Bi-Weekly Weekly
3. Amortization Period:	Year(s)
4. Mortgage Amount:
5. Interest Rate:	(e.g. 5.75)

Mortgage Payment:

Mortgage Balance Remaining After

1 Year

2 Years

3 Years

5 Years

10 Years

Note: The links below lead to third-party web sites.

How Much Can I Afford

Apply online for a pre-approved mortgage:

• RBC Royal Bank
• TD Bank
• BMO
• CIBC Mortgages
• GE Financial

No down payment? No Problem. The following banks are now offering mortgages without requiring a down payment. For more information, click on the links below:

• RBC Royal Bank
• Scotia Bank