§ Calculator · Housing
Mortgage compare
What this is
Compare three mortgage scenarios side by side: principal × rate × term.
Useful for testing the trade-off between rate, term, and amortization. Lower rate but shorter amortization usually wins on total interest; longer amortization buys breathing room on monthly payment.
Scenario A
Scenario B
Scenario C
| Metric | A | B | C |
|---|---|---|---|
| Monthly payment | $2,905 | $2,816 | $3,149 |
| Total interest | $371,554 | $513,931 | $255,852 |
| Total paid | $871,554 | $1,013,931 | $755,852 |
Total interest paid across scenarios
Each scenario uses Canadian semi-annual compounding. Total paid = monthly × payment count over the full amortization.
Disclaimer
Educational, not financial advice. Output is generated by an AI assistant using simplified assumptions. Tax rates, contribution limits, and benefit amounts change annually; confirm with a CFP, CPA, or the relevant Canadian regulator (CRA, FSRA, OSC, IIROC) before acting.