Mortgage Loan Calculator

Use this calculator to estimate your client's mortgage amount or monthly payment amount. This enables you to compare various scenarios by changing interest rate and amortization.

 
Calculation (?)
  Scenario 1 Scenario 2
Mortgage amount

Amortization  year(s)
 year(s)
Interest rate
See Current Rate Table
%
%
Monthly payment amount Amortization Amortization
Monthly  (?)
Bi-weekly  (?)
Accelerated bi-weekly  (?)
Weekly  (?)
Accelerated weekly  (?)

Calculate the mortgage amount based on your client's preferred monthly payment or enter the mortgage amount to determine the corresponding payments.

Payments are made once per month or 12 payments per year (i.e. yearly mortgage payments divided by 12).

Payments are made every 2 weeks for a total of 26 payments per year with the payment amount based on 26 payments (i.e. yearly mortgage payments divided 26).

Payments are made every 2 weeks for a total of 26 payments per year with the payment amount based on 24 payments (i.e. yearly mortgage payments divided by 24). The larger payment amount adds up to just more than two extra payments each year, having the effect of “accelerating” the repayment of the mortgage principal.

Payments are made every week for a total of 52 payments per year with the payment amount based on 52 payments (i.e. yearly mortgage payments divided 52).

Payments are made every week for a total of 52 payments per year with the payment amount based on 48 payments (i.e. yearly mortgage payments divided 24). The larger payment amount adds up to just more than four extra payments each year, having the effect of “accelerating” the repayment of the mortgage principal.

The calculations shown are for illustration purposes only. Actual rates and amounts may differ. Assumes that the interest rate remains constant throughout the amortization period. All loans are subject to B2B Bank approval and the calculations shown may not be the actual figures used for B2B Bank's loan application and underwriting processes application processes. The payment amounts are based on the mortgage amount and do not include the calculated high ratio insurance premium. High ratio mortgage insurance premium calculation based on rates that are published by CMHC from time to time, but are not guaranteed to be correct at all times and should be verified. B2B Bank cannot be held responsible for the accuracy of the calculations performed or the amounts indicated.