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My situation

Not filled in yet: tools are showing sample numbers (Ontario · City of Toronto reference price). Enter where and how much, and every tool uses yours.

Where
Home price$

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Optional. Fill in the purchase price and down payment and the mortgage amount is worked out for you.

Purchase price:Sample: Ontario · City of Toronto reference price — change to yours$Down payment:Sample number — change to yours$10.0% down

Down payment under 20%: mortgage loan insurance is required, and the premium is usually added to the mortgage amount.

Mortgage Amount:$Interest Rate:%

Amortization Period:

Payment Frequency:Term:

Monthly (12x per year)

$3,624.76

Interest over the 5-year term$144,114.23

Interest over full amortization$457,428.32

Principal 58%Interest 42% · total $1,087,428

Compare amortizations and rates

Compare amortization (tap to switch):

If the rate changes, each payment changes by:

-1%−$348

-0.5%−$176

+0.5%+$180

+1%+$365

Work backwards from the payment I can afford

Most I can pay each time$

At this rate and amortization (Monthly (12x per year)), you could borrow about $521,413

How much cash will you need at closing? →

Prepayment Plan (optional)

Prepayment Amount:$Prepayment Frequency:Start With Payment:

Mortgage Amount is the purchase price minus the down payment, plus any mortgage loan insurance premium. The amortization period is not the same as the term. All calculations are examples only and do not replace professional advice.

See summary, chart and yearly schedule

Your Data

Your Data
Mortgage Amount	$630,000.00
Interest Rate	4.89%
Amortization Period	25 Years
Payment Frequency	Monthly (12x per year)
Term	5 Years

Calculation Summary

Category	Term	Amortization Period
Number of Payments	60	300
Mortgage Payment	$3,624.76	$3,624.76
Prepayment	$0.00	$0.00
Principal Payments	$73,371.43	$630,000.00
Interest Payments	$144,114.23	$457,428.32
Total Cost	$217,485.66	$1,087,428.32

Mortgage Summary

Over the amortization period: 300 payments of $3,624.76, total principal $630,000.00, interest $457,428.32, total cost $1,087,428.32.
Over the term: 60 payments of $3,624.76, total principal $73,371.43, interest $144,114.23, total cost $217,485.66.
At the end of the term, the remaining balance is $556,628.57.

Payment Diagram

PrincipalInterestPer year

Remaining balance over time

Payment Schedule

Period	Principal Payment	Interest Payment	Total Payment	Ending Balance
Term
	$13,291.71	$30,205.43	$43,497.13	$616,708.29
	$13,949.62	$29,547.52	$43,497.13	$602,758.67
	$14,640.09	$28,857.04	$43,497.13	$588,118.58
	$15,364.75	$28,132.39	$43,497.13	$572,753.84
	$16,125.27	$27,371.87	$43,497.13	$556,628.57
Term Totals	$73,371.43	$144,114.23	$217,485.66	$556,628.57
After Term
	$16,923.43	$26,573.70	$43,497.13	$539,705.14
	$17,761.10	$25,736.03	$43,497.13	$521,944.03
	$18,640.24	$24,856.89	$43,497.13	$503,303.79
	$19,562.89	$23,934.24	$43,497.13	$483,740.90
	$20,531.21	$22,965.92	$43,497.13	$463,209.69
	$21,547.46	$21,949.67	$43,497.13	$441,662.23
	$22,614.01	$20,883.12	$43,497.13	$419,048.22
	$23,733.36	$19,763.78	$43,497.13	$395,314.86
	$24,908.11	$18,589.03	$43,497.13	$370,406.75
	$26,141.00	$17,356.13	$43,497.13	$344,265.75
	$27,434.92	$16,062.21	$43,497.13	$316,830.83
	$28,792.89	$14,704.24	$43,497.13	$288,037.93
	$30,218.08	$13,279.05	$43,497.13	$257,819.85
	$31,713.81	$11,783.33	$43,497.13	$226,106.05
	$33,283.57	$10,213.56	$43,497.13	$192,822.48
	$34,931.03	$8,566.10	$43,497.13	$157,891.44
	$36,660.04	$6,837.09	$43,497.13	$121,231.40
	$38,474.64	$5,022.50	$43,497.13	$82,756.76
	$40,379.04	$3,118.09	$43,497.13	$42,377.72
	$42,377.72	$1,119.41	$43,497.13	$0.00
After Term Totals	$556,628.57	$313,314.09	$869,942.66	$0.00
Mortgage Totals	$630,000.00	$457,428.32	$1,087,428.32	$0.00

Click + to see each payment. Prepayments are assumed to arrive in time for the next interest calculation.