Understanding your loan
Amortization schedule
Year by year: what goes to interest, and what actually repays principal.
Rates posted by Multi-Prêts Hypothèques — collected on September 9, 2026. Some conditions apply. Subject to change without prior notice. Rates may vary according to the amount borrowed, your credit rating, guarantees offered and other factor. Please refer to your Multi-Prêts broker for more information.
Fill in the fields to see the result.
Enter your loan rate, or pick one from today’s grid.
These results are provided for illustration only. They apply the Canadian mortgage rules and the Quebec schedule in force, but they are not an offer of financing nor investment advice: the actual rate, amortization and terms depend on your file and on the lender chosen, and are subject to change. For a firm answer, talk to a broker.
Does that number work for you? A broker will confirm it with a real lender. In most files our compensation comes from the lender — if it were ever otherwise, your broker tells you before anything moves.
What the number does not tell you
At a rate around 5%, the first year of a twenty-five-year mortgage goes mostly to interest, and the tipping point — when each payment repays more principal than interest — only comes after a decade or so; at lower rates everything comes sooner. That is amortization mechanics, not an abuse: interest is computed on the balance, at its highest at the start. The table below shows it on YOUR numbers.
The table distinguishes a mortgage from a personal loan, and that is not cosmetic: the first compounds twice a year, the second monthly. Over twenty-five years, applying the wrong convention skews the payment by several dollars a month — enough for a client to notice the gap against their statement and stop trusting the rest of the calculation.