Home ownership tools
Know your home. Know what comes next.
One ownership toolkit helps you explore
Ownership tools include mortgage prepayment, home equity and amortization calculators.
Four details. One clearer number.
Estimate your real monthly home cost
Free planning calculator
Build your amortization schedule
Build an illustrative Canadian mortgage amortization schedule with principal, interest and remaining balance by year.
How it works
Build your amortization schedule
A repayment schedule shows how a consistent payment is divided between interest and principal over time.
Financial Consumer Agency of Canada: Choosing a mortgage that is right for youWhat the estimate considers
- The entered rate stays unchanged for the full amortization.
- Property tax, insurance, utilities and other ownership costs are excluded.
Good to know
Clear answers before you use this calculator.
Is a 30-year illustration an eligibility decision?
No. This is mathematical illustration only. Mortgage-insurance and lender eligibility rules still apply.
Why can the last payment be different?
The final payment is adjusted to the exact remaining principal and accrued interest instead of creating a negative balance.