PEI Mortgage Calculator 2021
WOWA Trusted and Transparent
New Mortgage
Renewal/Refinance
Home Price
Down Payment
%
Interest Rate
%
Term
5-Year
Amortization (Years)
Payment Frequency
Monthly
Bi-Weekly
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
$1,9651.96k
Your CMHC Premium is $13,95014k
Your Land Transfer Tax is $5,000
Mortgage Costs Over 5-Year Term
| Total Cost: | $117,876 |
|---|---|
| Principal | $75,298 |
| Interest | $42,578 |
Modify your payment by selecting from top lenders:
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| Month | Principal | Interest | |
|---|---|---|---|
Apr, 2021 | $450,000.00 | $1,214.60 | $750.00 |
May, 2021 | $448,785.40 | $1,216.63 | $747.98 |
June, 2021 | $447,568.77 | $1,218.65 | $745.95 |
July, 2021 | $446,350.12 | $1,220.69 | $743.92 |
Aug, 2021 | $445,129.43 | $1,222.72 | $741.88 |
Sept, 2021 | $443,906.71 | $1,224.76 | $739.84 |
Oct, 2021 | $442,681.96 | $1,226.80 | $737.80 |
Nov, 2021 | $441,455.16 | $1,228.84 | $735.76 |
Dec, 2021 | $440,226.31 | $1,230.89 | $733.71 |
Jan, 2022 | $438,995.42 | $1,232.94 | $731.66 |
Feb, 2022 | $437,762.48 | $1,235.00 | $729.60 |
Mar, 2022 | $436,527.48 | $1,237.06 | $727.55 |
Year 1
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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
- PEI Mortgage Rates
- First-Time Homebuyer Incentives in PEI
- PEI Property Tax Calculator
- PEI Land Transfer Tax Calculator