Mortgage Payment Calculator

It’s no secret Canadians struggle with financial literacy, as growing debt levels represent a crushing reality in both large cities and small towns across the country. According to a 2018 report by the Bank of Canada, “the average Canadian owes about $1.70 for every dollar of income he or she earns per year, after taxes.” In total, Canadian households owe nearly $2 trillion in debts, which will have a lasting impact on future generations.

Our aim at LocalBrokers is to empower our clients by providing this easy-to-use mortgage calculator, which can estimate your monthly payments. Simply input a few key pieces of information such as the purchase price, down payment, term, and interest rate. You’ll then see an estimated monthly payment appear on the screen.

Amortization (years)
Term (years)
Payment frequency
Interest rate (%)
Purchase price ($)
Down payment ($)
Mortgage amount ($)
Loan Insurance ($)

My payment
$1,367.56 / Month