Canadian mortgage

Canadian Mortgage Amortization Calculator

See how each payment splits between principal and interest, what balance may be left at renewal, and how Canadian payment frequency or prepayments can change the schedule.

🇨🇦 Semi-annual compounding convention

🔁 Frequency and prepayment scenarios

🔒 Inputs stay local

Canada amortization

Build the mortgage schedule

Uses semi-annual compounding, term vs amortization, payment frequency, insured-mortgage premium estimates, optional prepayments, and renewal-rate scenarios.

Planning estimate only. Results update locally in your browser; raw inputs/results are not stored, logged, placed in URLs, or sent to analytics.

Home pricePurchase price of the property.Down paymentCash down payment. The calculator checks basic Canadian minimum down-payment tiers.Mortgage rate %Nominal annual rate. Canadian fixed-rate mortgage math uses semi-annual compounding.Amortization period (years)How long the mortgage is scheduled to take to fully repay before optional prepayments.Mortgage term (years)The current contract/rate term before renewal. The term-end balance is highlighted.Extra each paymentOptional extra principal paid with every regular payment. Check your lender prepayment privileges before using this.Annual lump-sum prepaymentOptional lump sum applied once per year at year-end in this schedule.One-time prepaymentOptional one-time extra principal payment.One-time prepayment numberPayment number when the one-time prepayment is applied.Annual prepayment limit %Rough lender privilege placeholder as a percent of original mortgage principal. Used only for a warning estimate.Renewal scenario rate %Rate used to estimate the payment on the remaining balance after the selected term.Payment rows to showHow many individual payment rows to include before the annual summary.Payment frequencyAccelerated options can shorten the schedule even before optional extra payments.

Results update automatically as you type.

Schedule details

Understand the Canadian amortization schedule

Use these tables for renewal risk, principal-versus-interest timing, prepayment room, payment-frequency tradeoffs, and lender questions.

Educational estimate only — not financial, legal, tax, mortgage, or lending advice. Confirm insurer eligibility, prepayment privileges, penalties, renewal terms, and lender calculations before acting.

What this means

The schedule starts from $603,135 of mortgage principal including an estimated $18,135 default-insurance premium. At the end of the 5-year term, the balance is estimated at $509,316.

Lender-call memo

Copy or print a local-only renewal/prepayment summary without creating an account or saving your inputs.

Principal paid during term$93,819

Interest paid during term$145,332

Extra paid during term$23,500

Baseline interest$475,122

With prepayment plan$389,360

Interest saved$85,762

Canadian schedule check	Result	What it means
Minimum down payment	$40,000	Basic minimum estimate is met.
Default insurance	$18,135 at 3.1%	Premium is added to the mortgage principal in this schedule.
Periodic rate	0.4% per payment	Converted from semi-annual compounding into 12 payments per year.
Prepayment room	$3,700 planned vs $90,470 room	Within this rough annual privilege placeholder.

Canadian schedule checkMinimum down payment

Result: $40,000
What it means: Basic minimum estimate is met.

Canadian schedule checkDefault insurance

Result: $18,135 at 3.1%
What it means: Premium is added to the mortgage principal in this schedule.

Canadian schedule checkPeriodic rate

Result: 0.4% per payment
What it means: Converted from semi-annual compounding into 12 payments per year.

Canadian schedule checkPrepayment room

Result: $3,700 planned vs $90,470 room
What it means: Within this rough annual privilege placeholder.

Frequency	Payment	Monthly equivalent	Payoff time	Interest saved	Term-end balance
Monthly	$3,594.19	$3,919	21 years, 2 months	$85,762	$509,316
Semi-monthly	$1,795.15	$4,015	20 years, 2 months	$105,870	$502,156
Bi-weekly	$1,656.93	$4,032	20 years	$108,958	$500,990
Weekly	$828.05	$4,247	18 years, 3 months	$144,525	$486,001
Accelerated bi-weekly	$1,797.10	$4,335	17 years, 9 months	$78,074	$480,211
Accelerated weekly	$898.55	$4,552	16 years, 4 months	$104,834	$465,089

FrequencyMonthly

Payment: $3,594.19
Monthly equivalent: $3,919
Payoff time: 21 years, 2 months
Interest saved: $85,762
Term-end balance: $509,316

FrequencySemi-monthly

Payment: $1,795.15
Monthly equivalent: $4,015
Payoff time: 20 years, 2 months
Interest saved: $105,870
Term-end balance: $502,156

FrequencyBi-weekly

Payment: $1,656.93
Monthly equivalent: $4,032
Payoff time: 20 years
Interest saved: $108,958
Term-end balance: $500,990

FrequencyWeekly

Payment: $828.05
Monthly equivalent: $4,247
Payoff time: 18 years, 3 months
Interest saved: $144,525
Term-end balance: $486,001

FrequencyAccelerated bi-weekly

Payment: $1,797.10
Monthly equivalent: $4,335
Payoff time: 17 years, 9 months
Interest saved: $78,074
Term-end balance: $480,211

FrequencyAccelerated weekly

Payment: $898.55
Monthly equivalent: $4,552
Payoff time: 16 years, 4 months
Interest saved: $104,834
Term-end balance: $465,089

Term view	Amount	Note
Term end (5 years)	$509,316	Estimated renewal balance after the current contract term.
Scheduled balance without optional prepayments	$535,894	Baseline uses the selected Canadian payment frequency but no extra/lump-sum prepayments.
Balance with this plan	$509,316	$26,578 lower than baseline at renewal.
Principal paid during term	$93,819	$23,500 came from optional extra/lump-sum prepayments.
Interest paid during term	$145,332	Interest is front-loaded, especially early in the amortization.

Term viewTerm end (5 years)

Amount: $509,316
Note: Estimated renewal balance after the current contract term.

Term viewScheduled balance without optional prepayments

Amount: $535,894
Note: Baseline uses the selected Canadian payment frequency but no extra/lump-sum prepayments.

Term viewBalance with this plan

Amount: $509,316
Note: $26,578 lower than baseline at renewal.

Term viewPrincipal paid during term

Amount: $93,819
Note: $23,500 came from optional extra/lump-sum prepayments.

Term viewInterest paid during term

Amount: $145,332
Note: Interest is front-loaded, especially early in the amortization.

Renewal scenario	Payment	Change
Renew at 5.3%	$3,416	Reference payment on the remaining balance.
Renew at 6.5%	$3,771	+$356 per monthly payment.

Renewal scenarioRenew at 5.3%

Payment: $3,416
Change: Reference payment on the remaining balance.

Renewal scenarioRenew at 6.5%

Payment: $3,771
Change: +$356 per monthly payment.

Sample payment rows

Shows the first payment rows. Annual rows below are better for a one-page review.

Payment	Payment amount	Principal	Interest	Extra	Balance
1	$3,694.19	$1,083.88	$2,610.31	$100.00	$602,051
2	$3,694.19	$1,088.57	$2,605.62	$100.00	$600,963
3	$3,694.19	$1,093.28	$2,600.91	$100.00	$599,869
4	$3,694.19	$1,098.01	$2,596.18	$100.00	$598,771
5	$3,694.19	$1,102.77	$2,591.42	$100.00	$597,668
6	$3,694.19	$1,107.54	$2,586.65	$100.00	$596,561
7	$3,694.19	$1,112.33	$2,581.86	$100.00	$595,449
8	$3,694.19	$1,117.15	$2,577.04	$100.00	$594,331
9	$3,694.19	$1,121.98	$2,572.21	$100.00	$593,209
10	$3,694.19	$1,126.84	$2,567.35	$100.00	$592,083
11	$3,694.19	$1,131.71	$2,562.48	$100.00	$590,951
12	$6,194.19	$3,636.61	$2,557.58	$2,600.00	$587,314
13	$3,694.19	$1,152.35	$2,541.84	$100.00	$586,162
14	$3,694.19	$1,157.34	$2,536.85	$100.00	$585,005
15	$3,694.19	$1,162.35	$2,531.84	$100.00	$583,842
16	$3,694.19	$1,167.38	$2,526.81	$100.00	$582,675
17	$3,694.19	$1,172.43	$2,521.76	$100.00	$581,502
18	$3,694.19	$1,177.50	$2,516.69	$100.00	$580,325
19	$3,694.19	$1,182.60	$2,511.59	$100.00	$579,142
20	$3,694.19	$1,187.72	$2,506.47	$100.00	$577,955
21	$3,694.19	$1,192.86	$2,501.33	$100.00	$576,762
22	$3,694.19	$1,198.02	$2,496.17	$100.00	$575,564
23	$3,694.19	$1,203.21	$2,490.98	$100.00	$574,361
24	$11,194.19	$8,708.41	$2,485.78	$7,600.00	$565,652

Payment1

Payment amount: $3,694.19
Principal: $1,083.88
Interest: $2,610.31
Extra: $100.00
Balance: $602,051

Payment2

Payment amount: $3,694.19
Principal: $1,088.57
Interest: $2,605.62
Extra: $100.00
Balance: $600,963

Payment3

Payment amount: $3,694.19
Principal: $1,093.28
Interest: $2,600.91
Extra: $100.00
Balance: $599,869

Payment4

Payment amount: $3,694.19
Principal: $1,098.01
Interest: $2,596.18
Extra: $100.00
Balance: $598,771

Payment5

Payment amount: $3,694.19
Principal: $1,102.77
Interest: $2,591.42
Extra: $100.00
Balance: $597,668

Payment6

Payment amount: $3,694.19
Principal: $1,107.54
Interest: $2,586.65
Extra: $100.00
Balance: $596,561

Payment7

Payment amount: $3,694.19
Principal: $1,112.33
Interest: $2,581.86
Extra: $100.00
Balance: $595,449

Payment8

Payment amount: $3,694.19
Principal: $1,117.15
Interest: $2,577.04
Extra: $100.00
Balance: $594,331

Payment9

Payment amount: $3,694.19
Principal: $1,121.98
Interest: $2,572.21
Extra: $100.00
Balance: $593,209

Payment10

Payment amount: $3,694.19
Principal: $1,126.84
Interest: $2,567.35
Extra: $100.00
Balance: $592,083

Payment11

Payment amount: $3,694.19
Principal: $1,131.71
Interest: $2,562.48
Extra: $100.00
Balance: $590,951

Payment12

Payment amount: $6,194.19
Principal: $3,636.61
Interest: $2,557.58
Extra: $2,600.00
Balance: $587,314

Payment13

Payment amount: $3,694.19
Principal: $1,152.35
Interest: $2,541.84
Extra: $100.00
Balance: $586,162

Payment14

Payment amount: $3,694.19
Principal: $1,157.34
Interest: $2,536.85
Extra: $100.00
Balance: $585,005

Payment15

Payment amount: $3,694.19
Principal: $1,162.35
Interest: $2,531.84
Extra: $100.00
Balance: $583,842

Payment16

Payment amount: $3,694.19
Principal: $1,167.38
Interest: $2,526.81
Extra: $100.00
Balance: $582,675

Payment17

Payment amount: $3,694.19
Principal: $1,172.43
Interest: $2,521.76
Extra: $100.00
Balance: $581,502

Payment18

Payment amount: $3,694.19
Principal: $1,177.50
Interest: $2,516.69
Extra: $100.00
Balance: $580,325

Payment19

Payment amount: $3,694.19
Principal: $1,182.60
Interest: $2,511.59
Extra: $100.00
Balance: $579,142

Payment20

Payment amount: $3,694.19
Principal: $1,187.72
Interest: $2,506.47
Extra: $100.00
Balance: $577,955

Payment21

Payment amount: $3,694.19
Principal: $1,192.86
Interest: $2,501.33
Extra: $100.00
Balance: $576,762

Payment22

Payment amount: $3,694.19
Principal: $1,198.02
Interest: $2,496.17
Extra: $100.00
Balance: $575,564

Payment23

Payment amount: $3,694.19
Principal: $1,203.21
Interest: $2,490.98
Extra: $100.00
Balance: $574,361

Payment24

Payment amount: $11,194.19
Principal: $8,708.41
Interest: $2,485.78
Extra: $7,600.00
Balance: $565,652

Annual amortization view

Year	Starting balance	Payments	Principal	Interest	Extra	Ending balance
1	$603,135	$46,830	$15,821	$31,010	$3,700	$587,314
2	$587,314	$51,830	$21,662	$30,168	$8,700	$565,652
3	$565,652	$46,830	$17,814	$29,016	$3,700	$547,838
4	$547,838	$46,830	$18,762	$28,068	$3,700	$529,076
5	$529,076	$46,830	$19,760	$27,070	$3,700	$509,316
6	$509,316	$46,830	$20,811	$26,019	$3,700	$488,505
7	$488,505	$46,830	$21,918	$24,913	$3,700	$466,588
8	$466,588	$46,830	$23,084	$23,747	$3,700	$443,504
9	$443,504	$46,830	$24,311	$22,519	$3,700	$419,193
10	$419,193	$46,830	$25,604	$21,226	$3,700	$393,588
11	$393,588	$46,830	$26,966	$19,864	$3,700	$366,622
12	$366,622	$46,830	$28,401	$18,430	$3,700	$338,221
13	$338,221	$46,830	$29,911	$16,919	$3,700	$308,310
14	$308,310	$46,830	$31,502	$15,328	$3,700	$276,808
15	$276,808	$46,830	$33,178	$13,653	$3,700	$243,630
16	$243,630	$46,830	$34,942	$11,888	$3,700	$208,688
17	$208,688	$46,830	$36,801	$10,029	$3,700	$171,887
18	$171,887	$46,830	$38,758	$8,072	$3,700	$133,129
19	$133,129	$46,830	$40,820	$6,010	$3,700	$92,309
20	$92,309	$46,830	$42,991	$3,839	$3,700	$49,318
21	$49,318	$46,830	$45,278	$1,553	$3,700	$4,040
22	$4,040	$4,059	$4,040	$19	$100	$0

Year1

Starting balance: $603,135
Payments: $46,830
Principal: $15,821
Interest: $31,010
Extra: $3,700
Ending balance: $587,314

Year2

Starting balance: $587,314
Payments: $51,830
Principal: $21,662
Interest: $30,168
Extra: $8,700
Ending balance: $565,652

Year3

Starting balance: $565,652
Payments: $46,830
Principal: $17,814
Interest: $29,016
Extra: $3,700
Ending balance: $547,838

Year4

Starting balance: $547,838
Payments: $46,830
Principal: $18,762
Interest: $28,068
Extra: $3,700
Ending balance: $529,076

Year5

Starting balance: $529,076
Payments: $46,830
Principal: $19,760
Interest: $27,070
Extra: $3,700
Ending balance: $509,316

Year6

Starting balance: $509,316
Payments: $46,830
Principal: $20,811
Interest: $26,019
Extra: $3,700
Ending balance: $488,505

Year7

Starting balance: $488,505
Payments: $46,830
Principal: $21,918
Interest: $24,913
Extra: $3,700
Ending balance: $466,588

Year8

Starting balance: $466,588
Payments: $46,830
Principal: $23,084
Interest: $23,747
Extra: $3,700
Ending balance: $443,504

Year9

Starting balance: $443,504
Payments: $46,830
Principal: $24,311
Interest: $22,519
Extra: $3,700
Ending balance: $419,193

Year10

Starting balance: $419,193
Payments: $46,830
Principal: $25,604
Interest: $21,226
Extra: $3,700
Ending balance: $393,588

Year11

Starting balance: $393,588
Payments: $46,830
Principal: $26,966
Interest: $19,864
Extra: $3,700
Ending balance: $366,622

Year12

Starting balance: $366,622
Payments: $46,830
Principal: $28,401
Interest: $18,430
Extra: $3,700
Ending balance: $338,221

Year13

Starting balance: $338,221
Payments: $46,830
Principal: $29,911
Interest: $16,919
Extra: $3,700
Ending balance: $308,310

Year14

Starting balance: $308,310
Payments: $46,830
Principal: $31,502
Interest: $15,328
Extra: $3,700
Ending balance: $276,808

Year15

Starting balance: $276,808
Payments: $46,830
Principal: $33,178
Interest: $13,653
Extra: $3,700
Ending balance: $243,630

Year16

Starting balance: $243,630
Payments: $46,830
Principal: $34,942
Interest: $11,888
Extra: $3,700
Ending balance: $208,688

Year17

Starting balance: $208,688
Payments: $46,830
Principal: $36,801
Interest: $10,029
Extra: $3,700
Ending balance: $171,887

Year18

Starting balance: $171,887
Payments: $46,830
Principal: $38,758
Interest: $8,072
Extra: $3,700
Ending balance: $133,129

Year19

Starting balance: $133,129
Payments: $46,830
Principal: $40,820
Interest: $6,010
Extra: $3,700
Ending balance: $92,309

Year20

Starting balance: $92,309
Payments: $46,830
Principal: $42,991
Interest: $3,839
Extra: $3,700
Ending balance: $49,318

Year21

Starting balance: $49,318
Payments: $46,830
Principal: $45,278
Interest: $1,553
Extra: $3,700
Ending balance: $4,040

Year22

Starting balance: $4,040
Payments: $4,059
Principal: $4,040
Interest: $19
Extra: $100
Ending balance: $0

Ask before using the result

Does your lender allow this payment frequency and these prepayments without penalty?
Is the mortgage insured, insurable, or uninsured, and how is any premium financed?
What renewal payment would you face if rates are higher when the current term ends?
Are lump-sum windows, double-up payments, portability, blend-and-extend, or penalties different from this simplified model?

Try next

Set extra payments to zero to compare the pure scheduled Canadian amortization.
Switch between monthly, bi-weekly, and accelerated bi-weekly to see payoff-time differences.
Increase the renewal scenario rate by 1–2 percentage points to stress-test renewal risk.

Use it well

Get a better answer from the Canadian Mortgage Amortization Calculator

Start with the example values to see how the tool behaves.
Swap in your own numbers, even if they are rough first-pass estimates.
Change one input at a time so you can see what actually moves the result.

What the result means

The result is a home-budget estimate, not a lender promise. It helps you see the monthly payment, cash pressure, and interest tradeoff before you shop or commit.

How to use it

Compare a comfortable case with a stretched case. The gap tells you how much room you have if the rate, taxes, insurance, or closing costs move.

What can change it

Principal and interest are only part of home cost. Taxes, insurance, HOA or condo fees, repairs, mortgage insurance, and closing costs can change the real answer fast.

Example to try

Compare monthly, bi-weekly, and accelerated bi-weekly using the same principal, then add only the prepayment you could actually make every year.

Assumption to challenge

The renewal balance matters because Canadian mortgages usually renew before the full amortization is done. Stress-test that remaining balance, not just today’s payment.

Verify next

Confirm compounding convention, payment frequency, prepayment privileges, default-insurance treatment, renewal options, portability, and penalty rules with the lender.

Key terms

Renewal balance

The estimated principal left at the end of the current mortgage term; this is the amount exposed to the next renewal rate.

Semi-annual compounding

A Canadian mortgage convention where the nominal annual rate is converted through semi-annual compounding before payment frequency math.

Prepayment privilege

The amount or payment increase a lender allows without penalty. Rules vary by mortgage contract.

Quick checks

Why is this different from a generic amortization schedule?

Canadian mortgages commonly separate term from amortization, use semi-annual compounding, and may include default insurance and contract-specific prepayment rules.

Common uses

See principal and interest over a Canadian amortization.
Compare payment frequencies and prepayments.
Estimate balance at renewal.

Common questions

Is the Canadian Mortgage Amortization Calculator private?

Yes. CalcShelf calculators run without an account, do not save calculator entries, and do not put raw inputs into shareable URLs or analytics events.

How accurate is the Canadian Mortgage Amortization Calculator?

It is a home-finance estimate, not a lender quote. Rates, taxes, insurance, fees, insurance premiums, and underwriting rules can change the real payment or approval result.

What should I check after using the Canadian Mortgage Amortization Calculator?

Verify rate, fees, taxes, insurance, lender rules, cash to close, and any mortgage insurance before acting.

Which calculator should I try next?

Use the related calculators below to cross-check the same decision from another angle before you act.

Method behind the estimate

Mortgage calculators use standard amortization and payment math with user-entered rates, terms, taxes, insurance, and fee assumptions.

Why the detail matters

Results are estimates. Lender rules, payment frequency, penalties, taxes, mortgage insurance, closing costs, and local law can change the real answer.

Privacy guardrail

Your calculator values are for you. CalcShelf does not require an account, save calculator entries, put your numbers into shareable URLs, or use raw inputs as analytics events.

Copy or print safely

Use any copy, print, or worksheet controls as local handoff tools for your own notes, supplier calls, lender questions, or implementation checklist. They are there to help you explain the result to a human.

Before acting

Treat the result as a decision draft, not a verdict. Recheck the source numbers, run a downside case, and verify the real-world rule, quote, label, or spec that controls the final answer.

Last reviewed: May 11, 2026. See methodology and editorial policy for formulas, assumptions, rounding, review approach, and limitations. For borrowing decisions, confirm lender rules, rates, taxes, fees, and legal requirements.