Mortgage Calculator

Calculate how much you can afford, estimate your regular payments and compare mortgage options with our easy-to-use mortgage calculators. Also explore how you can pay down your mortgage faster by changing your mortgage payment frequency or making additional payments.

Affordability
Payment
Amortization
Comparison

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Mortgage Amount

The total amount of the mortgage.

Amortization Period

The number of months or years over which the mortgage is repaid. The maximum amortization period is 35 years.

Payment Frequency

You can choose how often you will make payments on your mortgage. Typically your overall interest paid is lower when you make more frequent payments. For example, an accelerated bi-weekly payment means you are essentially making the equivalent of one additional monthly payment each year.

Product

Please select the type of mortgage that best meets your needs or enter your own rate.

Mortgage Term

The length of the mortgage contract, which can be tied to a specific interest rate.

Interest Rate

The annual interest rate on your mortgage.

Mortgage Payment:

Interest over term:

Balance owing at term:

Total interest:

Total interest cost over amortization.

Next step?Compare mortgage scenarios

Ready to go?Get pre-approved now

Add Prepayments

Prepayment Type

Make a lump sum payment or increase your scheduled payment by a certain percentage or dollar amount.

Amount

The amount (in dollars or as a percentage) that you will prepay.

Amount

The amount (in dollars or as a percentage) that you will prepay.

Payment Period

The payment period is an indicator of the number and order of payments. E.g. A mortgage with a 1-yr term paid monthly has 12 payment periods. A mortgage with a 2-year term paid semi-monthly has 48 payment periods. You can choose to apply the extra payment to any of the payment periods, for example the 5th, 10th, or 41st period.

Total savings:

Savings over term:

Mortgage-free earlier:

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Mortgage Amount

The total amount of the mortgage.

Payment Amount

The amount of principal and interest that will be paid regularly to service the mortgage during each payment period.

Payment Frequency

Product

Please select the type of mortgage that best meets your needs or enter your own rate.

Mortgage Term

The length of the mortgage contract, which can be tied to a specific interest rate.

Interest Rate

The annual interest rate on your mortgage.

Amortization Period:

Interest over term:

Balance owing at term:

Total interest:

Total interest cost over amortization.

Next step?Compare mortgage scenarios

Ready to go?Get pre-approved now

Add Prepayments

Prepayment Type

Make a lump sum payment or increase your scheduled payment by a certain percentage or dollar amount.

Amount

The amount (in dollars or as a percentage) that you will prepay.

Amount

The amount (in dollars or as a percentage) that you will prepay.

Payment Period

Total savings:

Savings over term:

Mortgage-free earlier:

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Scenario 1 Scenario 2 Scenario 3

Mortgage Amount

The total amount of the mortgage.

Amortization Period

The number of months or years over which the mortgage is repaid. The maximum amortization period is 35 years.

Payment Frequency

Product

Please select the type of mortgage that best meets your needs or enter your own rate.

Mortgage Term

The length of the mortgage contract, which can be tied to a specific interest rate.

Interest Rate

The annual interest rate on your mortgage.

% %

Mortgage payment:

Total interest:

Total interest cost over amortization.

Balance owing at term:

Interest over term:

Ready to go? Get pre-approved now

Add Prepayments

Scenario 1 Scenario 2 Scenario 3

Prepayment Type

Make a lump sum payment or increase your scheduled payment by a certain percentage or dollar amount.

Amount

The amount (in dollars or as a percentage) that you will prepay.

% % %

Payment Period

Total savings:

Savings over term:

Mortgage-free earlier:

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View report
Print results
Save/Share results

View:

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Mortgage calculator

Mortgage Affordability Mortgage Payment Mortgage Amortization Mortgage Comparison

Please note: For the mortgage affordability calculator, if you are looking for an amortization longer than 25 years and/or a mortgage that is more than 75% of the value of your property, we recommend adding 0.75% to your anticipated interest rate to account for BlueShore Financial's mortgage stress testing. Interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment or borrowing advice. We do not guarantee their applicability or accuracy in regards to your individual circumstances. Please visit a BlueShore Financial branch to seek personalized advice from a qualified professional. Please note, CMHC default insurance is not available on properties priced at $1,000,000 or more.

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