Mortgage Amortization Calculator
Calculate your payments with Canadian semi-annual compounding. Explore prepayment strategies and export your full schedule.
Mortgage Details
Enter your loan information
Purchase price minus down payment
Typical Canadian terms: 1–5 years
Term vs. Amortization
Your amortization is the total time to pay off the mortgage (commonly 25 years). Your term is the length of your current rate agreement (typically 1–5 years). At term end, you renew at a new rate. This calculator shows both term-specific and full amortization details.
5-Year Term Summary
60 paymentsPrincipal Paid
$34,477.48
Interest Paid
$70,211.42
Balance Remaining
$265,522.52
Payoff Date
Jun 15, 2051
Principal vs Interest Breakdown
Key Details
Disclaimer:This calculator is for informational and educational purposes only. It uses Canadian semi-annual compounding and does not constitute financial advice. Actual mortgage payments may differ based on your lender's rounding, insurance premiums (CMHC), property taxes, and other factors. Always consult a licensed mortgage professional for accurate quotes.