Mortgage payment calculator
Enter the amount, the rate and the amortization. You get the payment for the frequency you choose and how much of the first year’s payments is interest, compounded semi-annually the way Canadian fixed-rate mortgages are.
Read the full guide →Your payment
Enter the mortgage amount, the rate and the amortization to see the payment and the first year’s interest.
Not covered
- Variable-rate mortgages, which many lenders compound monthly
- Mortgage default insurance premiums, prepayments and rate changes at renewal
- Your lender's own method: some work out a bi-weekly or weekly payment on its own schedule rather than from the monthly one, which differs by about a dollar
Track mortgage interest by property
Rentdocket records mortgage interest against each property, beside every other expense, and puts it on the right T776 line in the tax package.
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Check the datesThis calculation is generated from the information you entered and is provided for record-keeping purposes only. It is not tax advice. Verify amounts against your records and consult a qualified tax professional.