Mortgage Interest Calculator Canada

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New Mortgage
Renewal/Refinance
Home Price
Down Payment
%
=
Interest Rate
%
Term
5-Year
Amortization (Years)
Payment Frequency
Monthly
Bi-Weekly
Initial Monthly Payment
Total:
$1,965

58%

Principal Total

$1,131

42%

Interest Total

$833

Mortgage Costs Over 5-Year Term
Total:
$117,876

64%

Principal Total

$75,298

36%

Interest Total

$42,578

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Hide Amortization Schedule
MonthPrincipalInterest
May, 2021
$450,000.00$1,214.60$750.00
June, 2021
$448,785.40$1,216.63$747.98
July, 2021
$447,568.77$1,218.65$745.95
Aug, 2021
$446,350.12$1,220.69$743.92
Sept, 2021
$445,129.43$1,222.72$741.88
Oct, 2021
$443,906.71$1,224.76$739.84
Nov, 2021
$442,681.96$1,226.80$737.80
Dec, 2021
$441,455.16$1,228.84$735.76
Jan, 2022
$440,226.31$1,230.89$733.71
Feb, 2022
$438,995.42$1,232.94$731.66
Mar, 2022
$437,762.48$1,235.00$729.60
Apr, 2022
$436,527.48$1,237.06$727.55
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The calculators and content on this page are provided for general information purposes only. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator.