A $300,000 mortgage at 5% over 25 years costs $1,754 a month in principal and interest; at 6% it costs $1,933.
- 4%
- 5%
- 6%
- 7%
| Amount | 4% | 4.5% | 5% | 5.5% | 6% | 6.5% | 7% |
|---|---|---|---|---|---|---|---|
| $200,000 | $1,056 | $1,112 | $1,169 | $1,228 | $1,289 | $1,350 | $1,414 |
| $250,000 | $1,320 | $1,390 | $1,461 | $1,535 | $1,611 | $1,688 | $1,767 |
| $300,000 | $1,584 | $1,668 | $1,754 | $1,842 | $1,933 | $2,026 | $2,120 |
| $350,000 | $1,847 | $1,945 | $2,046 | $2,149 | $2,255 | $2,363 | $2,474 |
| $400,000 | $2,111 | $2,223 | $2,338 | $2,456 | $2,577 | $2,701 | $2,827 |
| $450,000 | $2,375 | $2,501 | $2,631 | $2,763 | $2,899 | $3,038 | $3,181 |
| $500,000 | $2,639 | $2,779 | $2,923 | $3,070 | $3,222 | $3,376 | $3,534 |
| $600,000 | $3,167 | $3,335 | $3,508 | $3,685 | $3,866 | $4,051 | $4,241 |
| $700,000 | $3,695 | $3,891 | $4,092 | $4,299 | $4,510 | $4,726 | $4,947 |
| $800,000 | $4,223 | $4,447 | $4,677 | $4,913 | $5,154 | $5,402 | $5,654 |
How it is computed
Each cell is the fixed payment that repays the loan in equal monthly instalments: P × i / (1 − (1 + i)^−n), with i the monthly rate and n the number of months. Property tax and insurance are not included.
FAQ
Are taxes and insurance included?+
No. The table shows principal and interest only; add property tax and insurance in the calculator.
Why does my lender quote a slightly different payment?+
Canadian fixed-rate mortgages compound semi-annually and lenders round differently; the calculator lets you set the compounding.