How to Use This Calculator

This calculator gives you a complete picture of your mortgage — not just the monthly payment, but the full cost over the life of the loan including total interest paid, payment breakdown, and a year-by-year amortization schedule. Supports both Canadian (CAD) and US (USD) markets.

1. Select your currency — Choose CAD or USD to set the appropriate defaults for your market.
2. Enter the home price and down payment — The loan amount is calculated automatically.
3. Set your mortgage rate and term — Use your pre-approval rate. Canadian mortgages are typically 25-year amortization; US is commonly 30 years.
4. Add property tax and insurance — Optional but gives you a true all-in monthly cost picture.
5. Click Calculate — Instantly see your monthly payment, total interest, payment breakdown chart, and full amortization schedule.
6. Print or save — Use the Print Summary button to generate a clean printable version to share with your broker or partner.