A $750,000 mortgage in Canada at 5.04% costs about $4,379.13 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 | $15,491 | $37,058 | $734,509 |
| 2 | $16,282 | $36,268 | $718,227 |
| 3 | $17,113 | $35,437 | $701,114 |
| 4 | $17,986 | $34,563 | $683,127 |
| 5 | $18,904 | $33,645 | $664,223 |
| 6 | $19,869 | $32,680 | $644,354 |
| 7 | $20,883 | $31,666 | $623,471 |
| 8 | $21,949 | $30,601 | $601,522 |
| 9 | $23,069 | $29,481 | $578,453 |
| 10 | $24,246 | $28,303 | $554,207 |
| 11 | $25,484 | $27,066 | $528,723 |
| 12 | $26,784 | $25,765 | $501,939 |
| 13 | $28,151 | $24,398 | $473,787 |
| 14 | $29,588 | $22,962 | $444,199 |
| 15 | $31,098 | $21,452 | $413,101 |
| 16 | $32,685 | $19,865 | $380,416 |
| 17 | $34,353 | $18,196 | $346,063 |
| 18 | $36,106 | $16,443 | $309,957 |
| 19 | $37,949 | $14,601 | $272,008 |
| 20 | $39,886 | $12,664 | $232,122 |
| 21 | $41,921 | $10,628 | $190,201 |
| 22 | $44,061 | $8,489 | $146,140 |
| 23 | $46,309 | $6,240 | $99,830 |
| 24 | $48,673 | $3,877 | $51,158 |
| 25 | $51,158 | $1,393 | $0 |
At 5.04% over 25 years, the principal-and-interest payment on a $750,000 mortgage is about $4,379.13 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 $750,000 mortgage is roughly $563,739. 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.