PEI Mortgage Calculator 2021

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New Mortgage
Home Price
Down Payment
Interest Rate
Amortization (Years)
Payment Frequency

You have chosen to make a down payment below 20%. You are required to purchase mortgage default insurance (CMHC insurance). This cost is included in the mortgage principal.

Calculated Monthly Payment
Your CMHC Premium is $13,95014k

Your Land Transfer Tax is $5,000

Mortgage Costs Over 5-Year Term

Total Cost:$117,876
Modify your payment by selecting from top lenders:
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Prince Edward Island Mortgage Calculator

Find out how changes in your mortgage rate or payment frequency can affect the cost of your mortgage in Prince Edward Island. If you're looking to purchase a new home in PEI, see how different home prices can change the amount of your monthly mortgage payments.

For more information on mortgages in PEI and for PEI financial calculators, visit the pages below.

Learn more about PEI Mortgages

Other Resources for PEI Homeowners