A $825,000 mortgage in Canada at 5.04% costs about $4,817.04 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 | $17,041 | $40,764 | $807,959 |
| 2 | $17,910 | $39,894 | $790,049 |
| 3 | $18,824 | $38,980 | $771,225 |
| 4 | $19,785 | $38,020 | $751,440 |
| 5 | $20,795 | $37,010 | $730,645 |
| 6 | $21,856 | $35,949 | $708,790 |
| 7 | $22,971 | $34,833 | $685,818 |
| 8 | $24,144 | $33,661 | $661,675 |
| 9 | $25,376 | $32,429 | $636,299 |
| 10 | $26,671 | $31,134 | $609,628 |
| 11 | $28,032 | $29,772 | $581,596 |
| 12 | $29,463 | $28,342 | $552,133 |
| 13 | $30,966 | $26,838 | $521,167 |
| 14 | $32,547 | $25,258 | $488,620 |
| 15 | $34,208 | $23,597 | $454,412 |
| 16 | $35,953 | $21,851 | $418,459 |
| 17 | $37,788 | $20,016 | $380,670 |
| 18 | $39,717 | $18,088 | $340,954 |
| 19 | $41,744 | $16,061 | $299,210 |
| 20 | $43,874 | $13,930 | $255,335 |
| 21 | $46,113 | $11,691 | $209,222 |
| 22 | $48,467 | $9,338 | $160,755 |
| 23 | $50,940 | $6,864 | $109,815 |
| 24 | $53,540 | $4,264 | $56,275 |
| 25 | $56,275 | $1,532 | $0 |
At 5.04% over 25 years, the principal-and-interest payment on a $825,000 mortgage is about $4,817.04 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 $825,000 mortgage is roughly $620,112. 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.