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Mortgage Payment & Amortization Calculators

Are you looking to purchase a home? Use our payment calculator to determine what your mortgage payment amount will be, or calculate your total cost of borrowing using our amortization calculator.

Mortgage Amount:

The total amount of the mortgage.

Amortization period:

The number of months or years over which the mortgage is repaid. The maximum amortization period is 35 years.

Payment Frequency:

You can choose how often you will make payments on your mortgage. Typically your overall interest paid is lower when you make more frequent payments. For example, an accelerated bi-weekly payment means you are essentially making the equivalent of one additional monthly payment each year.

Mortgage Term:

The length of the mortgage contract, which can be tied to a specific interest rate.

Interest Rate:

The annual interest rate on your mortgage.

Based on these values, your estimated payment would be:
$0.00
  • Interest over term: $0.00
  • Balance owing at term: $0.00
  • Total interest: $0.00
  • Total savings: $0
  • Savings over term: $0

These calculators are made available to you as tools for independent use and are only intended to be used as a guide. These calculations are approximate and for informational purposes only. Community Trust does not make any warranties or representations with respect to the calculation results. Please speak to a mortgage specialist for details.

Mortgage Amount:

The total amount of the mortgage.

Payment Amount

The amount of principal and interest that will be paid regularly to service the mortgage during each payment period.

Payment Frequency:

You can choose how often you will make payments on your mortgage. Typically your overall interest paid is lower when you make more frequent payments. For example, an accelerated bi-weekly payment means you are essentially making the equivalent of one additional monthly payment each year.

Mortgage Term:

The length of the mortgage contract, which can be tied to a specific interest rate.

Interest Rate:

The annual interest rate on your mortgage.

Amortization Period:
  • Interest over term: $0.00
  • Balance owing at term: $0.00
  • Total interest: $0.00

These calculators are made available to you as tools for independent use and are only intended to be used as a guide. These calculations are approximate and for informational purposes only. Community Trust does not make any warranties or representations with respect to the calculation results. Please speak to a mortgage specialist for details.