A $250,000 mortgage in Canada at 5.04% costs about $1,459.71 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.
Files are branded with Abodemic and your results — no data leaves your browser.
| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $5,164 | $12,353 | $244,836 |
| 2 | $5,427 | $12,089 | $239,409 |
| 3 | $5,704 | $11,812 | $233,705 |
| 4 | $5,995 | $11,521 | $227,709 |
| 5 | $6,301 | $11,215 | $221,408 |
| 6 | $6,623 | $10,893 | $214,785 |
| 7 | $6,961 | $10,556 | $207,824 |
| 8 | $7,316 | $10,200 | $200,507 |
| 9 | $7,690 | $9,827 | $192,818 |
| 10 | $8,082 | $9,434 | $184,736 |
| 11 | $8,495 | $9,022 | $176,241 |
| 12 | $8,928 | $8,588 | $167,313 |
| 13 | $9,384 | $8,133 | $157,929 |
| 14 | $9,863 | $7,654 | $148,066 |
| 15 | $10,366 | $7,151 | $137,700 |
| 16 | $10,895 | $6,622 | $126,805 |
| 17 | $11,451 | $6,065 | $115,354 |
| 18 | $12,035 | $5,481 | $103,319 |
| 19 | $12,650 | $4,867 | $90,669 |
| 20 | $13,295 | $4,221 | $77,374 |
| 21 | $13,974 | $3,543 | $63,400 |
| 22 | $14,687 | $2,830 | $48,713 |
| 23 | $15,436 | $2,080 | $33,277 |
| 24 | $16,224 | $1,292 | $17,052 |
| 25 | $17,052 | $464 | $0 |
At 5.04% over 25 years, the principal-and-interest payment on a $250,000 mortgage is about $1,459.71 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 $250,000 mortgage is roughly $187,913. 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.