Buying
Mortgage payments
What comes out at each payment, and what the loan costs in interest over its life.
Rates posted by Multi-Prêts Hypothèques — collected on September 29, 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.
Unlocks 30-year amortization on an insured loan, since 15 December 2024.
An accelerated payment is the monthly payment split in two and taken 26 times: you pay thirteen months a year.
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Pick a rate from today's grid, or enter the one your lender offered you.
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.
Schedule 2026 — Société canadienne d’hypothèques et de logement (checked on 2026-09-27) · Ministère des Finances du Canada (checked on 2026-08-25) · Revenu Québec (checked on 2026-08-25).
What the number does not tell you
In Canada, mortgage interest compounds twice a year, not twelve times. It is a legal particularity, and it changes the number: for the same loan, at the same rate and over the same period, the payment under the Canadian convention is slightly lower than what a calculator compounding monthly, US-style, would show. The gap comes back with every payment and adds up over the life of the loan: an imported calculator is wrong, and always in the same direction.
Payment frequency matters more than most rate negotiations. An accelerated bi-weekly payment is the monthly payment cut in half and taken twenty-six times: you pay thirteen months a year almost without noticing, and a twenty-five-year mortgage clears in under twenty-two. The interest saved often exceeds what a quarter-point discount would have returned.