Mortgage Calculator
Know Your
Know Your
Numbers First
Estimate your monthly payments, total interest, and affordability before you start your home search.
Calculate Your Mortgage
Adjust the sliders or type in your values to see your estimated monthly payment instantly.
Home Price
$750,000
Down Payment
$150,000 (20%)
Interest Rate
5.00%
Amortization Period
Payment Frequency
Estimated Payment
$0/mo
Mortgage Amount
$0
Total Interest
$0
Total Cost
$0
Your Breakdown
Principal vs
Principal vs
Interest
See how your payments are split between paying down the mortgage and covering interest over the life of your loan.
Principal — 50%
Interest — 50%
CMHC Insurance
Down payments under 20% require mortgage default insurance. The premium ranges from 0.6% to 4% of the mortgage amount and is added to your balance.
Stress Test
Canadian lenders require you to qualify at the higher of 5.25% or your contract rate + 2% to ensure you can handle rate increases.
Bi-Weekly Saves Money
Switching from monthly to accelerated bi-weekly payments can shave years off your mortgage and save thousands in interest.
Budget for Closing Costs
Set aside an additional 1.5%–4% of the purchase price for legal fees, title insurance, home inspection, and property tax adjustments.
Let's Turn These Numbers
Into Your New Home
Inder can connect you with trusted mortgage brokers and guide you through every step of the buying process.