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Calculate your mortgage payments based on how much you borrow, your interest rate, mortgage term and payment schedule.
- Variable Rate Mortgages
When your mortgage first comes up for renewal at the end of...
- Fixed Rate Mortgages
A fixed rate mortgage offers a specific interest rate that...
- Pay Down Your Mortgage
Two other methods for paying off your mortgage faster are...
- Calculate Mortgage Prepayment Charges
For example, if you took your mortgage out for $250,000 on...
- Mortgage Affordability Calculator
Use the RBC Royal Bank mortgage affordability calculator to...
- Variable Rate Mortgages
Calculate. Use the RBC Royal Bank mortgage payment calculator to see how mortgage amount, interest rate, and other factors can affect your payment.
To my surprise, it's difficult to find the actual formulas for how to calculate mortgage payments due to some nuances with Canadian mortgages. So, in this post, we'll be walking through calculating payments and and amortization schedule for a mortgage with the following terms: $700,000 loan; 30-year amortization; 2.34% fixed interest; Monthly ...
Free online mortgage calculator specifically customized for use in Canada including amortization tables and the respective graphs.
Explore current RBC special mortgage offers. Check back often for first time home buyer offers, switch offers, and other limited time offers.
Calculate mortgage payments across your mortgage’s amortization period, and download your amortization schedule for Excel, with this amortization calculator.
A fixed rate mortgage offers a specific interest rate that is fixed or "locked-in" for the term of the mortgage. That means you'll know exactly what to expect, including: The interest rate of your mortgage. The amount of your regular mortgage payments.