HB Mortgage Centre

Mortgage Payment Calculator

Estimate your regular mortgage payment from a home price or loan amount. Supports monthly, bi-weekly, and accelerated payment frequencies. Fixed rates use Canadian semi-annual compounding.

Since December 2021, HB Mortgage Centre has funded over $1 billion in mortgages through 50+ lenders across Ontario.

Get your rateTalk to a broker

Estimate your mortgage payment

Calculate from

$
$

Rate type

%

Estimate

Payment (monthly)

$2,326.42

Mortgage principal

$400,000

Total of payments

$697,926

Total interest

$297,926

Payoff time

25.0 years

Estimate only. Fixed rates use Canadian semi-annual compounding. Actual payments depend on lender, rate, and qualification. Subject to change.

Estimate only. Not an offer or approval. Rates and rules are subject to change. Canadian semi-annual compounding applies to fixed rates.

How this calculator works

Enter your home price and down payment, or the mortgage amount directly. Choose your rate type, enter an assumed rate, pick your amortization, and select a payment frequency.

Canadian compounding

Fixed-rate mortgages in Canada use semi-annual compounding, not monthly. Variable rates compound monthly.
Effective monthly rate =(1 + annual rate2)1/6 − 1

Accelerated frequencies

Accelerated bi-weekly and weekly payments split the monthly amount over more periods per year, effectively making one extra monthly payment annually. This reduces total interest and shortens your payoff time.

Common questions about mortgage payments

Related calculators and guides

Mortgage approvals, rates, terms, products, fees, and available lender options are subject to lender approval, borrower qualification, property review, market conditions, documentation, title review, and applicable laws. O.A.C. E.&O.E. HB Mortgage Centre is an FSRA-licensed Ontario mortgage brokerage, FSRA Brokerage #13449. Each Mortgage Centre is independently owned and operated. This website provides general information only and does not provide legal, tax, financial planning, estate planning, investment, accounting, or benefits advice. For legal matters, speak with an Ontario lawyer. For tax, estate, benefit, investment, or accounting questions, speak with a qualified advisor before making a decision.

© 2026 HB Mortgage Centre. FSRA Brokerage #13449. All rights reserved.

Call (647) 542-6100