A $125,000 mortgage in Canada at 5.04% costs about $729.86 per month for principal and interest over 25 years. In Canada, CMHC mortgage-default insurance is required with less than 20% down and is added to your loan.
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| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $2,582 | $6,176 | $122,418 |
| 2 | $2,714 | $6,045 | $119,704 |
| 3 | $2,852 | $5,906 | $116,852 |
| 4 | $2,998 | $5,761 | $113,854 |
| 5 | $3,151 | $5,608 | $110,703 |
| 6 | $3,312 | $5,447 | $107,392 |
| 7 | $3,481 | $5,278 | $103,911 |
| 8 | $3,658 | $5,100 | $100,253 |
| 9 | $3,845 | $4,913 | $96,408 |
| 10 | $4,041 | $4,717 | $92,367 |
| 11 | $4,247 | $4,511 | $88,120 |
| 12 | $4,464 | $4,294 | $83,655 |
| 13 | $4,692 | $4,066 | $78,964 |
| 14 | $4,931 | $3,827 | $74,032 |
| 15 | $5,183 | $3,575 | $68,849 |
| 16 | $5,448 | $3,311 | $63,401 |
| 17 | $5,726 | $3,033 | $57,676 |
| 18 | $6,018 | $2,740 | $51,658 |
| 19 | $6,325 | $2,433 | $45,333 |
| 20 | $6,648 | $2,111 | $38,685 |
| 21 | $6,987 | $1,771 | $31,698 |
| 22 | $7,344 | $1,415 | $24,354 |
| 23 | $7,718 | $1,040 | $16,636 |
| 24 | $8,112 | $646 | $8,524 |
| 25 | $8,524 | $232 | $0 |
At 5.04% over 25 years, the principal-and-interest payment on a $125,000 mortgage is about $729.86 per month. Canadian fixed mortgages compound semi-annually (not monthly) and usually run a 5-year term within a 25-year amortization.
No — this is principal and interest only. Property tax and home insurance are paid separately on top. In Canada, CMHC mortgage-default insurance is required with less than 20% down and is added to your loan.
Over the full 25-year term at 5.04%, total interest on a $125,000 mortgage is roughly $93,958. Overpaying reduces this substantially.
Sources: Bank of Canada / CMHC; Standard amortization (annuity) formula.
Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.