Calculate Your Mortgage Payments

How much will you pay each month?

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Property price

Enter the property cost.

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Downpayment

Choose your downpayment amount.

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Single family dwellings, condos and duplexes :
- Minimum downpayment of 5% on the portion of the purchase price less than or equal to $500,000
- Minimum downpayment of 10% on the portion of the purchase price over $500,000
Triplexes and quadruplexes : Minimum downpayment of 10% for owner-occupied properties
For any property with a purchase price equal to or greater than $1,000,000: minimum downpayment of 20%

Repayment period

Choose your repayment period.

ans

Downpayment of 20% or less : Repayment period cannot be longer than 25 years.
Downpayment of more than 20% : Repayment period cannot be longer than 30 years.

Interest rate

Enter the interest rate of your mortgage.

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Results

$392.92 per month

Your mortgage loan amount will be :

$98,800
With insurance premium (CMHC/Genworth) : $16.09

Your payments will be :

$418.37 per month

Two other payment options

$209.18 every two weeks
Savings : $2,924.85
Repayment period : 22 years, 7 months

$104.59 par semaine
Savings : $2,954.35
Repayment period : 22 years, 7 months

Request a pre-approval Where do these savings come from?

When you opt for accelerated payments (weekly or bi-weekly), you end up making the equivalent of an extra monthly payment per year, which is applied directly to your mortgage principal. This means :

considerable interest savings
a shorter repayment period (amortization).

Would you like a concrete example of your potential savings? Calculate the Total amount paid for two identical scenarios with different repayment periods.

What are the advantages of a mortgage pre-approval?

It shows the seller that you are a serious buyer and have the means to obtain a mortgage

Your rate is guaranteed for up to 90 days

It's practical: Simply apply online or have an advisor come meet you at your convenience

It's free, and comes with no obligation to take out a mortgage

Get the ball rolling—opt for a mortgage pre-approval today!

Request a pre-approval

Your dream home is just a few steps away

National Bank All-in-One

Get a mortgage at a competitive rate1 and use your repaid principal to finance new projects.

Discover the All-In-One

Fixed, variable or reduced rate

Discover the competitive rates available with our range of mortgage solutions.

See our mortgage rates

Talk to an advisor

Meet one of our mortgage specialists for step-by-step assistance throughout the process.

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We make it easier to be a homeowner

Program for the Self-Employed

Can't provide standard proof of income? Worried you might not qualify for a mortgage? This program is for you.

Discover the Program

Canada Mortgage and Housing Corporation (CMHC)

Unable to make a 20% downpayment? With CMHC mortgage insurance, your minimum downpayment is just 5%!

Learn more about CMHC

Expert advice

Tell me more!

Buying a home

Everything you need to know about buying a home

Buy a home with the HBP

Toolbox

Take stock of your financial situation.

Should you rent or buy? Take the test!

How much can you borrow?

Pay off your mortgage faster by increasing your payments

See how the amortization period impacts your mortgage

View current mortgage rates

Calculate a mortgage prepayment penalty

Little details that matter

Notes légales

® National Bank All-In-One is a registered trademark of National Bank of Canada.

Projections generated using this tool do not create any legal or contractual obligation for National Bank of Canada. These simulations are estimates based on assumptions. The calculation is based on a fixed-rate mortgage with a set rate throughout the amortization period, with interest compounded semi-annually and not in advance.

Please visit a National Bank branch to have an advisor review your situation and recommend an appropriate mortgage solution.

1. Clients may borrow up to 65% of the value of a property with a line of credit. The rest must be covered by a mortgage loan. For example, if a property is valued at $100,000 and the client has $20,000 for the downpayment (i.e., 20% of the value of the property, which is the minimum required), the client may be approved for an All-in-One of $80,000. However, the client may borrow a maximum of $65,000 of the $80,000 with a line of credit. The remainder will be covered by the mortgage loan portion.

2. Subject to credit approval by National Bank.