Mortgage Calculator

Loan Details

Purchase Price

$800,000.00

Down Payment

$100,000.00

Loan Principal

$700,000.00

Interest Rate

4.20%

Amortization

25 years

Payment Information

Payment Frequency

monthly

Payment Amount

$3,874.94

Monthly Payment

$3,874.94

Total Payments

300

Total Interest

$440,781.71

Additional Costs

Mortgage Insurance

$21,700.00

Land Transfer Tax

$12,475.00

Total Fees

$17,011.00

Cash Needed Upfront

$117,011.00

Amortization Schedule

Monthly Payment Breakdown Over Time

Bank of Canada Interest Rates