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Canadian Mortgage Payments
21 - 22¾%

Canadian Mortgages have special features defined by legislation. These tables are computed on the basis of nominal annual rates compounded semi annually. Please choose the page with the applicable annual rate:

How To Use:

  • You need a 20-year conventional mortgage of $100,000. Current market rate is 22½%. How much is the required monthly mortgage payment?
  • Find the column with interest rate of 22½% below.
  • Find the row for 20 year, the number inside the cell is 18.18274
  • The monthly payment is 100 × 18.18274 = $1818.27
Monthly Payments for $1000 Mortgage
YrsInterest Rate (% p.a.)
2121¼21½21¾2222¼22½22¾
192.6996892.8098092.9198993.0299593.1399793.2499693.3599293.46984
250.9623451.0748251.1873351.2998851.4124651.5250851.6377351.75041
337.2329937.3503737.4678537.5854337.7031037.8208637.9387238.05667
430.5029530.6257530.7487030.8718030.9950631.1184631.2420131.36571
526.5696926.6979926.8264826.9551827.0840727.2131627.3424527.47194
624.0318124.1655024.2994324.4336124.5680324.7026824.8375824.97271
722.2882522.4271522.5663322.7057922.8455222.9855323.1258123.26635
821.0381821.1820521.3262421.4707321.6155121.7606021.9059822.05165
920.1142520.2628320.4117320.5609620.7105120.8603621.0105321.16101
1019.4159219.5689019.7222219.8758820.0298620.1841720.3387920.49373
2121¼21½21¾2222¼22½22¾
1118.8791219.0362019.1936219.3513819.5094719.6678919.8266219.98567
1218.4611018.6219718.7831818.9447219.1065819.2687719.4312719.59407
1318.1323018.2966418.4613118.6263118.7916218.9572419.1231619.28938
1417.8716118.0391218.2069518.3750918.5435218.7122518.8812619.05055
1517.6636317.8340118.0047018.1756718.3469318.5184518.6902418.86229
1617.4968717.6698517.8431018.0166218.1904018.3644318.5387018.71320
1717.3626217.5379317.7134817.8892818.0653118.2415718.4180418.59472
1817.2542017.4315817.6091917.7870217.9650518.1432818.3216918.50028
1917.1664117.3456417.5250717.7046917.8844818.0644518.2445818.42485
2017.0951717.2760417.4570817.6382717.8196318.0011218.1827418.36449
2121¼21½21¾2222¼22½22¾
2117.0372717.2195817.4020317.5846217.7673317.9501618.1330918.31611
2216.9901417.1737217.3574117.5412117.7251117.9091018.0931618.27730
2316.9517317.1364217.3212017.5060617.6909917.8759918.0610318.24613
2416.9204117.1060717.2917917.4775717.6634017.8492618.0351618.22108
2516.8948417.0813417.2678917.4544617.6410617.8276818.0143018.20093
2616.8739617.0611917.2484517.4357117.6229817.8102417.9974918.18472
2716.8568917.0447617.2326317.4204917.6083317.7961417.9839318.17168
2816.8429417.0313617.2197617.4081217.5964517.7847417.9729918.16117
2916.8315417.0204217.2092717.3980817.5868317.7755217.9641518.15271
3016.8222117.0115017.2007417.3899117.5790217.7680617.9570218.14590
2121¼21½21¾2222¼22½22¾
3116.8145717.0042117.1937817.3832817.5727017.7620317.9512718.14041
3216.8083316.9982617.1881217.3778917.5675617.7571417.9466218.13599
3316.8032116.9934117.1835017.3735017.5634017.7531917.9428618.13243
3416.7990316.9894417.1797417.3699417.5600217.7499917.9398318.12955
3516.7956016.9862017.1766817.3670417.5572817.7474017.9373818.12724
3616.7928016.9835517.1741817.3646817.5550617.7453017.9354018.12537
3716.7905016.9813917.1721417.3627717.5532517.7436017.9338118.12387
3816.7886216.9796217.1704817.3612117.5517917.7422217.9325118.12266
3916.7870816.9781817.1691317.3599417.5506017.7411117.9314718.12168
4016.7858216.9770017.1680317.3589117.5496317.7402117.9306318.12089


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