Mortgage payment
Estimate your mortgage payment monthly, biweekly, or weekly. Calculated using the Canadian method (semi-annual compounding).
About Canadian mortgage calculations
Semi-annual compounding
In Canada, mortgages use semi-annual compounding (twice per year), which differs from other countries. This calculator uses the standard Canadian method.
Accelerated payments
Biweekly or weekly payments can help you pay off your mortgage faster because you effectively make the equivalent of 13 monthly payments per year instead of 12.
Estimate only
This is an estimate. Your actual payment may vary depending on the financial institution, fees, and the specific terms of your loan.