See how the structure changes the payment.

Compare three scenarios in Canadian dollars. Adjust the loan amount, interest rate, amortization and repayment strategy. These are planning estimates, not live lender rates.

Monthly payments in arrears, a constant rate and the compounding method selected. Calculations use unrounded balances; displayed amounts are rounded. Fees, taxes, insurance and prepayment charges are excluded. Extra payments assume lender permission. Interest-only payments decrease as extra principal reduces the balance. Any balance at maturity must be repaid or refinanced; refinancing is not guaranteed. This calculator does not model a revolving line of credit or construction draw schedules.