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Mortgage Calculator
Purchase Price ($)
Down Payment
12.5%
(Min: $55,000 / 6.9%)
$55,000
$160,000 (20%)
$800,000
Mortgage Insurance
Interest Rate (%)
Amortization (Years)
Payment Frequency
First Time Buyer
New Construction
Province
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Loan Details
Purchase Price
CA$800,000
Down Payment
CA$100,000
Loan Principal
CA$700,000
Interest Rate
4.20%
Amortization
25 years
Payment Information
Payment Frequency
monthly
Payment Amount
CA$3,875
Monthly Payment
CA$3,875
Total Payments
300
Total Interest
CA$440,782
Additional Costs
Mortgage Insurance
CA$21,700
Land Transfer Tax
CA$12,475
Total Fees
CA$17,011
Cash Needed Upfront
CA$117,011
Amortization Schedule
Monthly Payment Breakdown Over Time
Bank of Canada Interest Rates
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