What is a mortgage in Canada?

A mortgage is a loan used to buy a home in Canada. You make a down payment and repay the rest over time with interest.

How do mortgage payments work?

Mortgage payments include principal and interest. Over time, more of your payment goes toward the principal.

What affects your mortgage payment?

Your payment depends on the mortgage amount, interest rate, and amortization period.

Home > Calculators > Dual Scenario Mortgage Calculator

Compare Two Mortgage Scenarios

Compare two mortgage amounts, rates, amortizations, and payment frequencies side by side.

Scenario A

Mortgage Amount

Interest Rate %

Amortization

Payment Frequency

Scenario B

Mortgage Amount

Interest Rate %

Amortization

Payment Frequency

Results

Scenario A Payment

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Scenario B Payment

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Difference

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Enter both scenarios to compare.

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Looking to calculate a single mortgage scenario? Try our Mortgage Payment Calculator. If you're looking to consolidate debt urgently, a private mortgage might be an option for you. Use our Home Equity Calculator to determine how much equity you can tap into. You can also read our guide on Private Mortgages in Ontario to learn when these type of loans make sense.