Mortgage

What a home really costs each month.

12.5% of the price · at least CA$55,000 (6.9%)

CA$55,000CA$160,000 (20%)CA$800,000
CA$21,700
%
years
Closing costs CA$2,800

Today’s rates

Each month

CA$3,875

Cash to close

CA$117,011

Interest over the loan

CA$440,782

The loan

Purchase price
CA$800,000
Down payment
CA$100,000 (12.5%)
Mortgage insurance
CA$21,700
Borrowed
CA$721,700
Interest rate
4.20%
Amortization
25 years
Each payment
CA$3,875 once a month

On closing day

Closing costs
Land transfer tax
CA$12,475
Closing costs
CA$2,800
PST on mortgage insurance
CA$1,736
Fees and taxes
CA$17,011

Over the years

Where each payment goes

Bank of Canada rates

Each monthCA$3,875