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 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.
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 2026-08-25) · 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: $300,000 at 5% over 25 years gives $1,744.81 a month here, against $1,753.77 under the US convention. An imported calculator is off by nine dollars a month — nearly $2,700 over the life of the loan.
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.