Mortgage calculator

Our mortgage calculator immediately lets you know the amount of your payments in case of a real estate investment.

Are you hoping to get a fast and reliable response? Enter the information requested by our various tools and get an immediate result.

The mortgage calculator tools

Using our mortgage calculator is simple and intuitive. To begin, enter the amount of your mortgage. If you have a contribution, don’t forget to deduct it from the total amount of your property.

The amortization period corresponds to the number of years that you’ll need to pay back your mortgage in full. This ranges from 1 to 30 years.

The payment frequency can be monthly or bimonthly.

The term (or length) of the mortgage loan corresponds to the period during which your mortgage contract remains in effect at the interest rate agreed to at the beginning of the period. For example, it can be 1 year or 1 year open, 3 years, or 5 years variable, or even 10 years if necessary, depending on your needs.

Understanding the rates

The interest rate that you choose can be either fixed or variable.

Fixed rate

If you choose a fixed rate, it won’t change for the entire duration of your contract. Your monthly payments will be fixed, which offers you the advantage of being able to plan your expenses in advance.

Variable rate

The variable interest rate adjusts itself based on market interest rates. This is generally the Bank of Canada discount rate. If the rate goes down, the borrower’s monthly payments will decrease, which presents a real advantage. On the other hand, if the rate goes up, the contract holder should have enough saved up to be able to ensure higher payments.

These rates are calculated based on many economic factors.

On the right, you’ll find a table indicating the daily rates, including the term, the bank rates, and the Multi-Prêts rates.