A $325,000 mortgage in Canada at 5.04% costs about $1,897.62 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 | $6,713 | $16,059 | $318,287 |
| 2 | $7,056 | $15,716 | $311,232 |
| 3 | $7,416 | $15,356 | $303,816 |
| 4 | $7,794 | $14,977 | $296,022 |
| 5 | $8,192 | $14,580 | $287,830 |
| 6 | $8,610 | $14,162 | $279,220 |
| 7 | $9,049 | $13,722 | $270,171 |
| 8 | $9,511 | $13,260 | $260,660 |
| 9 | $9,997 | $12,775 | $250,663 |
| 10 | $10,507 | $12,265 | $240,157 |
| 11 | $11,043 | $11,729 | $229,114 |
| 12 | $11,606 | $11,165 | $217,507 |
| 13 | $12,199 | $10,573 | $205,308 |
| 14 | $12,821 | $9,950 | $192,487 |
| 15 | $13,476 | $9,296 | $179,011 |
| 16 | $14,163 | $8,608 | $164,848 |
| 17 | $14,886 | $7,885 | $149,962 |
| 18 | $15,646 | $7,125 | $134,316 |
| 19 | $16,445 | $6,327 | $117,871 |
| 20 | $17,284 | $5,488 | $100,587 |
| 21 | $18,166 | $4,606 | $82,422 |
| 22 | $19,093 | $3,679 | $63,329 |
| 23 | $20,067 | $2,704 | $43,261 |
| 24 | $21,091 | $1,680 | $22,170 |
| 25 | $22,170 | $604 | $0 |
At 5.04% over 25 years, the principal-and-interest payment on a $325,000 mortgage is about $1,897.62 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 $325,000 mortgage is roughly $244,286. 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.