Planning tool
Ontario mortgage payment calculator.
Estimate a monthly payment for planning purposes. This is not a mortgage approval or lending quote.
Estimated monthly payment—Assumes monthly payments and a simple nominal-rate estimate for general planning. Ask a mortgage professional for lender-specific calculations.
Using the estimate
A planning number, not a lending quote.
The calculator gives a quick payment estimate based on the mortgage amount, interest rate and amortization you enter. Actual mortgage payments and qualification can differ based on the lender, product, payment frequency, rate structure and borrower circumstances.
Use the result as an early planning reference when comparing homes in Pickering, Ajax or elsewhere in the GTA, then confirm financing with a qualified mortgage professional before making a purchase decision.