Mortgage Calculator

Mortgage & Monthly Cost Calculator

Estimate your mortgage payment and the ongoing costs of owning a home. Add only the expenses that apply to you to build a more realistic monthly budget.

Home & mortgage

Start with the purchase and financing assumptions.

Purchase price $

Down payment

Interest rate annual % Amortization Mortgage term for term snapshot Preferred payment

Estimate mortgage default insurance when down payment is under 20%.
You can override the estimated premium rate below. Eligibility and insurer premiums can change.

Insurance premium rate financed into mortgage %

Property taxes

Enter the amount from a listing/tax notice as either an annual or monthly figure.

Property tax amount $ Tax period

Condo & home expenses

All fields are optional. Leave anything that does not apply at $0.

Condo / HOA fees monthly $

Home insurance

Heat / utilities monthly $

Maintenance reserve

Other housing costs monthly — parking, storage, security, etc. $

Estimated total monthly housing cost

$0 / month

Your selected mortgage payment: $0 monthly

Monthly cost breakdown

Mortgage (monthly equivalent)$0

Property taxes$0

Condo / HOA fees$0

Home insurance$0

Heat / utilities$0

Maintenance reserve$0

Other housing costs$0

Mortgage payment options

Frequency	Payment	Annual paid	Monthly equiv.

Financing snapshot

Purchase price$0

Down payment$0

Base mortgage$0

Estimated mortgage insurance$0

Total mortgage financed$0

5-year mortgage snapshot

Remaining balance

Principal paid

Interest paid

This calculator provides estimates for planning purposes only. Actual mortgage qualification, payment amounts, default-insurance premiums, taxes, fees, insurance and other ownership costs depend on the lender, insurer, property and buyer. Canadian mortgage calculations commonly use a nominal annual interest rate compounded semi-annually; this calculator uses that convention for standard payment frequencies.