https://wealthnorth.ca/mortgages/mortgage-cost/Recent content in Mortgage Cost Guide | Monthly Payments by Mortgage Amount on WealthNorthHugo -- gohugo.ioen-caMon, 06 Apr 2026 10:00:00 -0400https://wealthnorth.ca/mortgages/mortgage-cost/1m-mortgage/Mon, 06 Apr 2026 10:00:00 -0400https://wealthnorth.ca/mortgages/mortgage-cost/1m-mortgage/How much does a $1,000,000 mortgage cost? A $1,000,000 mortgage is the top tier of Canadian borrowing. This is exclusively uninsured territory — meaning 20%+ down on a home worth at least $1.25 million. At this level, every fraction of a percentage point on your rate is worth tens of thousands of dollars. Here’s the full picture. Monthly payments at every rate Interest Rate 25-Year Monthly 30-Year Monthly Difference 3.00% $4,732 $4,216 $516 3.https://wealthnorth.ca/mortgages/mortgage-cost/100k-mortgage/Mon, 06 Apr 2026 10:00:00 -0400https://wealthnorth.ca/mortgages/mortgage-cost/100k-mortgage/How much does a $100,000 mortgage cost? A $100,000 mortgage is one of the most affordable mortgage amounts in Canada. Whether you’re buying in a lower-cost market, putting a large down payment on a more expensive home, or refinancing a smaller balance, here’s exactly what this mortgage will cost you. Monthly payments at every rate The table below shows your monthly payment on a $100,000 mortgage at various interest rates for both 25-year and 30-year amortizations.https://wealthnorth.ca/mortgages/mortgage-cost/200k-mortgage/Mon, 06 Apr 2026 10:00:00 -0400https://wealthnorth.ca/mortgages/mortgage-cost/200k-mortgage/How much does a $200,000 mortgage cost? A $200,000 mortgage is common across many Canadian markets, particularly for first-time buyers in affordable cities or buyers putting a significant down payment on a mid-range home. Here’s exactly what this mortgage will cost you. Monthly payments at every rate Interest Rate 25-Year Monthly 30-Year Monthly Difference 3.00% $946 $843 $103 3.50% $998 $898 $100 4.00% $1,052 $954 $98 4.50% $1,107 $1,013 $94 5.https://wealthnorth.ca/mortgages/mortgage-cost/300k-mortgage/Mon, 06 Apr 2026 10:00:00 -0400https://wealthnorth.ca/mortgages/mortgage-cost/300k-mortgage/How much does a $300,000 mortgage cost? A $300,000 mortgage is one of the most common mortgage amounts in Canada — typical for first-time buyers in mid-range markets or move-up buyers putting 20%+ down. Here’s exactly what this mortgage will cost you. Monthly payments at every rate Interest Rate 25-Year Monthly 30-Year Monthly Difference 3.00% $1,419 $1,264 $155 3.50% $1,498 $1,347 $151 4.00% $1,578 $1,432 $146 4.50% $1,660 $1,520 $140 5.https://wealthnorth.ca/mortgages/mortgage-cost/400k-mortgage/Mon, 06 Apr 2026 10:00:00 -0400https://wealthnorth.ca/mortgages/mortgage-cost/400k-mortgage/How much does a $400,000 mortgage cost? A $400,000 mortgage is squarely in the middle of what Canadians are borrowing today. This amount is common for buyers in mid-sized cities and suburban markets across the country. Here’s what it will actually cost you. Monthly payments at every rate Interest Rate 25-Year Monthly 30-Year Monthly Difference 3.00% $1,893 $1,686 $207 3.50% $1,997 $1,796 $201 4.00% $2,104 $1,909 $195 4.50% $2,213 $2,027 $186 5.https://wealthnorth.ca/mortgages/mortgage-cost/500k-mortgage/Mon, 06 Apr 2026 10:00:00 -0400https://wealthnorth.ca/mortgages/mortgage-cost/500k-mortgage/How much does a $500,000 mortgage cost? A $500,000 mortgage is now the benchmark borrowing amount in major Canadian markets. Whether you’re buying a condo in Toronto, a townhouse in Ottawa, or a detached home in Calgary, here’s what this mortgage will truly cost you. Monthly payments at every rate Interest Rate 25-Year Monthly 30-Year Monthly Difference 3.00% $2,366 $2,108 $258 3.50% $2,496 $2,245 $251 4.00% $2,630 $2,387 $243 4.50% $2,767 $2,533 $234 5.https://wealthnorth.ca/mortgages/mortgage-cost/600k-mortgage/Mon, 06 Apr 2026 10:00:00 -0400https://wealthnorth.ca/mortgages/mortgage-cost/600k-mortgage/How much does a $600,000 mortgage cost? A $600,000 mortgage puts you into serious territory — at today’s rates, you’ll pay over a million dollars in total before this mortgage is paid off. Understanding the full cost is essential for making an informed decision about how much to borrow. Monthly payments at every rate Interest Rate 25-Year Monthly 30-Year Monthly Difference 3.00% $2,839 $2,529 $310 3.50% $2,996 $2,694 $302 4.00% $3,156 $2,864 $292 4.https://wealthnorth.ca/mortgages/mortgage-cost/700k-mortgage/Mon, 06 Apr 2026 10:00:00 -0400https://wealthnorth.ca/mortgages/mortgage-cost/700k-mortgage/How much does a $700,000 mortgage cost? A $700,000 mortgage is increasingly common in Canada’s priciest markets. At current interest rates, you’ll pay well over $1.2 million before this mortgage is fully paid off. Understanding the true cost matters more than ever at this borrowing level. Monthly payments at every rate Interest Rate 25-Year Monthly 30-Year Monthly Difference 3.00% $3,313 $2,951 $362 3.50% $3,495 $3,143 $352 4.00% $3,682 $3,341 $341 4.https://wealthnorth.ca/mortgages/mortgage-cost/800k-mortgage/Mon, 06 Apr 2026 10:00:00 -0400https://wealthnorth.ca/mortgages/mortgage-cost/800k-mortgage/How much does a $800,000 mortgage cost? An $800,000 mortgage is increasingly common in Toronto, Vancouver, and other high-cost Canadian markets. At this borrowing level, the difference between a good rate and an average one can mean over $100,000 in extra interest. Here’s the full breakdown. Monthly payments at every rate Interest Rate 25-Year Monthly 30-Year Monthly Difference 3.00% $3,786 $3,372 $414 3.50% $3,994 $3,592 $402 4.00% $4,208 $3,818 $390 4.https://wealthnorth.ca/mortgages/mortgage-cost/900k-mortgage/Mon, 06 Apr 2026 10:00:00 -0400https://wealthnorth.ca/mortgages/mortgage-cost/900k-mortgage/How much does a $900,000 mortgage cost? A $900,000 mortgage is the reality for many buyers in Toronto and Vancouver. At this amount, even small rate differences have massive cost implications — a 1% difference in rate changes your total cost by over $150,000. Here’s exactly what you’re looking at. Monthly payments at every rate Interest Rate 25-Year Monthly 30-Year Monthly Difference 3.00% $4,259 $3,793 $466 3.50% $4,494 $4,041 $453 4.