A $335,000 mortgage in Canada at 5.04% costs about $1,956.01 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 | $6,919 | $16,553 | $328,081 |
| 2 | $7,273 | $16,200 | $320,808 |
| 3 | $7,644 | $15,828 | $313,164 |
| 4 | $8,034 | $15,438 | $305,130 |
| 5 | $8,444 | $15,028 | $296,686 |
| 6 | $8,875 | $14,597 | $287,812 |
| 7 | $9,328 | $14,144 | $278,484 |
| 8 | $9,804 | $13,668 | $268,680 |
| 9 | $10,304 | $13,168 | $258,376 |
| 10 | $10,830 | $12,642 | $247,546 |
| 11 | $11,383 | $12,089 | $236,163 |
| 12 | $11,964 | $11,509 | $224,200 |
| 13 | $12,574 | $10,898 | $211,625 |
| 14 | $13,216 | $10,256 | $198,409 |
| 15 | $13,890 | $9,582 | $184,519 |
| 16 | $14,599 | $8,873 | $169,920 |
| 17 | $15,344 | $8,128 | $154,575 |
| 18 | $16,127 | $7,345 | $138,448 |
| 19 | $16,951 | $6,522 | $121,497 |
| 20 | $17,816 | $5,657 | $103,682 |
| 21 | $18,725 | $4,747 | $84,957 |
| 22 | $19,680 | $3,792 | $65,277 |
| 23 | $20,685 | $2,787 | $44,592 |
| 24 | $21,740 | $1,732 | $22,851 |
| 25 | $22,851 | $622 | $0 |
At 5.04% over 25 years, the principal-and-interest payment on a $335,000 mortgage is about $1,956.01 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 $335,000 mortgage is roughly $251,803. 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.