Calculate your Canadian mortgage payment for monthly, bi-weekly or weekly frequencies. See your amortization schedule, interest over the term, and balance at renewal — plus a fixed vs variable comparison.
Loading calculator…
Advertisement
Assumptions effective 2026-01-01. Regulatory figures (stress-test rules, down-payment brackets, CMHC tiers, rebates) are managed in Admin → Calculators.
FAQ
Frequently Asked Questions
Answers to common questions about the mortgage payment calculator
How is a Canadian mortgage payment calculated?+−
Canadian mortgages compound semi-annually, not in advance. The payment formula converts the annual rate to an equivalent periodic rate, then amortizes the balance over your amortization period.
Do accelerated bi-weekly payments save money?+−
Yes — accelerated bi-weekly means 26 full half-payments a year (the equivalent of 13 monthly payments), which cuts years off your amortization and tens of thousands in interest.
What is the balance at renewal?+−
It's what you'll still owe when your term ends. The calculator shows interest paid over the term and the remaining balance so you can plan your renewal.
About these calculations
Calculations use current Canadian mortgage rules, including the mortgage stress test and CMHC insurance tiers. For informational purposes only — not financial advice. Confirm details with your mortgage professional before making decisions.