How mortgage payments are estimated
The calculator combines the amount financed, annual rate, amortization, and payment frequency using Canadian-style mortgage compounding.
DUMA Realty planning tool
Mortgage Payment Planning
Model the full purchase payment, not just the principal.
Estimate your mortgage payment, insurance premium, amortization schedule, and total borrowing cost using Canadian-style mortgage compounding.
Planning estimate only. This calculator does not represent lender approval, financial advice, legal advice, or a guaranteed rate.
Payment Calculator
Estimate Canadian mortgage payments, optional default-insurance premiums, amortization, and total borrowing costs for a planned home purchase.
Calculator inputs
Plan your mortgage payment
Enter your purchase price, down payment, rate, amortization, and preferred payment frequency.
Estimate Disclaimer
These figures are planning estimates only and do not represent lender approval, financial advice, legal advice, or a guaranteed rate. Confirm final numbers with a qualified lender or advisor.
Understanding your mortgage estimate
When default insurance may apply
A down payment below 20% can require mortgage default insurance, subject to borrower, property, insurer, and lender eligibility rules.
What amortization means
Amortization is the planned period for repaying the mortgage. A longer period can lower each payment while increasing total interest.
Monthly vs. bi-weekly vs. weekly payments
Payment frequency changes how often payments are made. Confirm whether a lender offers standard or accelerated payment options.
Why your lender’s final number may differ
Rates, qualification, insurance, fees, payment dates, rounding, and underwriting can all change the final lender calculation.
Planning to buy a home?
Use this estimate as a starting point, then connect with DUMA Realty to explore available properties and plan your next step.