Mortgage payment calculator

Mortgage Payment Calculator

Estimate your potential mortgage payments

The monthly mortgage commitment is an important factor shaping most home buying decisions. Most buyers want to know if the monthly mortgage payment will fit within the monthly budget. At First National, we understand your need to plan and anticipate your costs for such a large investment. Our Mortgage Payment Calculator helps you get an idea of what you could be paying monthly for your mortgage.

It’s easy to use. Simply enter:

  • The amount you want to borrow
  • The interest rate
  • The amortization period (25 years is most common)

And press submit. You’ll receive an instant estimate to help you have a more informed conversation with your mortgage broker.

 View Legal Disclaimer

This calculation is based on the accuracy and completeness of the data entered above and is for illustrative and general information purposes only. You should speak with your mortgage broker before making a final decision. When you make your credit application, interest rates may have changed.

In the above illustration, we assume the following: (i) a constant interest rate throughout the amortization period for the mortgage, (ii) interest is compounded semi-annually, not in advance; and (iii) the payment schedule is monthly only with no additional payments or skipped payments.

First National does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator.

All First National residential mortgage products are subject to its standard lending criteria.