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The Mortgage Payment Calculator is only for basic estimation purposes only and is not part of the application process. Payment amounts are based on the information you provide and may change upon consultation with a mortgage professional.
This calculator assumes a fixed mortgage rate and cannot be used to calculate payments for variable or floating rate mortgages. The Mortgage Payment amount indicated does not include closing costs, such as legal fees and property transfer taxes, or Mortgage Insurance.
The 1-Year Fixed, 3-Year Fixed, and 5-Year Fixed rates are taken from the Bank of Canada's weekly conventional mortgage rates.
