Payment

Welcome! Use this calculator to determine your mortgage payments.

Mortgage information
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Your monthly mortgage payment will be approximately .1

Mortgage summary

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Mortgage amount -
Amortization -
Product and term -
Interest rate -
Payment/frequency -
Term summary
Total interest paid -
Total of all payments -
Principal balance at term maturity -
Amortization summary
Total interest paid -
Total of all payments -
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Payment options

Monthly
Amount
Amortization
Term interest cost
Amortization interest cost
Amortization interest savings
Semi-Monthly
Amount
Amortization
Term interest cost
Amortization interest cost
Amortization interest savings
Accelerated Bi-Weekly
Amount
Amortization
Term interest cost
Amortization interest cost
Amortization interest savings
Accelerated Weekly
Amount
Amortization
Term interest cost
Amortization interest cost
Amortization interest savings
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Payment options

Frequency Amount Amortization Term interest cost Amortization interest cost Amortization interest savings
Monthly
Semi-Monthly
Accel. Bi-Weekly
Accel. Weekly
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Amortization schedule

This illustrates the total amortization of the selected mortgage options.2

2 This assumes your payment schedule and interest rate remain consistent for the full amortization of the mortgage.
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Prepayments

Here are the total prepayments selected for each scenario.

Start End Amount
Annual prepayment One-time prepayment
Total prepayment
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Talk to us

Selecting the right mortgage solution that fits your needs is a key component of your financial security plan. One of our expert Mortgage Planning Specialists will work with you to sort through the various mortgage solutions, helping ensure you find one for your specific situation.

NOTE: Mortgages are offered through London Life Insurance Company, 255 Dufferin Ave., London Ontario. London Life Insurance Company is a federally regulated life insurance company and the mortgagee. * Inquiries will be referred to a Mortgage Planning Specialist.

For the Variable Rate Mortgage product, the interest payable is based on the contract rate linked to Our Prime mortgage rate which is subject to change at any time. The mortgage payment amount will be based on the 36 month fixed posted rate at the time of funding. For clients interested in a variable rate product with a payment amount based on Our Prime Rate (subject to fluctuation), select the Adjustable Rate Adjustable Payment product.

1 The results shown are for illustrative purposes only and do not guarantee future results. This illustration does not create any legal or contractual obligations for London Life. Mortgage rates, prepayment charges and conditions are subject to change without notice.

TM London Life and design are trademarks of London Life Insurance Company.