Mortgage payment calculator

Estimate your mortgage payment using Canadian rules: fixed rates compound semi-annually, variable rates monthly.

Home price ($) Down payment ($) Annual interest rate (%) Amortization (years) Rate typeFixed (semi-annual compounding)Variable (monthly compounding) Payment frequencyMonthlyBi-weeklyAccelerated bi-weeklyWeekly

Rates today (Bank of Canada)

Policy rate

2.50%

Prime rate

4.70%

Posted 5-year mortgage rate

6.19%

2026-11-11

Estimate only. Excludes mortgage default insurance premiums, property taxes, land transfer taxes and fees, which vary by province.