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Mortgage Squad Advisors
Mortgage calculator

Mortgage calculator.

Estimate your payment, what you can afford, and what you’ll qualify for — built on real Canadian semi-annual compounding. Calculate generically, or pick your bank.

Calculate by goal
Monthly payment
What's my payment?
Affordability
What can I afford?
Stress test
Will I qualify?
Income required
What salary do I need?
Calculate by bank
TDTD Canada Trust calculatorRBCRBC Royal Bank calculatorScotScotiabank calculatorBMOBMO Bank of Montreal calculatorCIBCCIBC calculatorNatiNational Bank of Canada calculator

Canadian mortgage math, done right

Every calculator here uses semi-annual compounding — the Canadian legal convention — not the monthly compounding baked into most US tools, so your payment matches what a Canadian lender actually quotes. Your payment is set by the mortgage amount (purchase price minus down payment, plus the CMHC premium when you’re under 20% down), the interest rate, and the amortization period.

The rate is the lever most people get wrong. Banks run a posted/branch rate and a lower broker-channel rate a licensed brokerage accesses — typically 15-30 bps cheaper. The bank-specific calculators above show both, so you can see exactly what the broker channel is worth on your number. When you’re ready, we shop your file across 100+ lenders on one application — the modelled number becomes a real, competitive rate.

Payment calculatorToday's ratesAll calculators

Mortgage calculator — FAQ

How does a Canadian mortgage calculator work?
It estimates your payment from the mortgage amount (price minus down payment, plus CMHC premium if you're under 20% down), the interest rate, and the amortization — using Canadian semi-annual compounding, not the monthly compounding US calculators use. That's why a Canadian payment is slightly lower than a US one at the same rate.
Should I use the generic or the bank-specific calculator?
Start with the full payment calculator for the complete picture (frequency, amortization, CMHC). Use a bank calculator (TD, RBC, Scotia, BMO, CIBC, National Bank) when you've been quoted by that bank and want to see how its posted rate compares to the broker-channel rate we access.
Is the calculator's rate the rate I'll actually get?
It's a starting point. Your real rate depends on your credit, down payment / loan-to-value, whether the mortgage is insured, and the property. We shop your file across 100+ lenders on one application — no bureau pull to start — so the number you model becomes a real, competitive rate.
Are these calculators free?
Yes — every calculator is free, with no sign-up. On standard residential deals our brokerage service is also free to you: the lender pays our commission on funding, always disclosed.

Turn the estimate into a real rate.

Same number, confirmed across 100+ lenders. 5-minute pre-qualification, no bureau pull to begin.