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:
Vous parlez français? Cliquez ici pour la version en français.
Hide Amortization Schedule
MonthPrincipalInterest
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
Download asCSV

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