CMHC Mortgage Payment Calculator

Mortgage Amount $555,000

Interest Rate 2.50%

Amortization Period (Years) 25

Your Payment Total Interest Cost

Monthly $2,486.21 $190,863.77

Bi-weekly $1,146.84 $190,448.02

Weekly $573.28 $190,269.94

Accelerated Bi-weekly $1,243.11 $169,050.53

Accelerated Weekly $621.55 $168,819.11

Interest is compounded semi-annually not in

advance. The interest rate is fixed for the term
of the mortgage.
The interest rate is usually renegotiated at the
end of the term of the mortgage.
The calculations are approximate. Payments
are rounded to nearest cent.

CMHC’s Mortgage Payment Calculator is for

general illustrative purposes only. CMHC does
not guarantee the accuracy, reliability or
completeness of any information, formulas or
calculations provided through the use of this
calculator and accepts no liability for loss or
damage of any kind that may be attributed to
the use of this tool.