In Quebec City, the median home is around $380,000. With a 20% down payment at 5.04% over 25 years, the principal-and-interest payment is roughly $1,775.01 per month. Property tax and insurance are additional.
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| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $6,279 | $15,021 | $297,721 |
| 2 | $6,600 | $14,700 | $291,121 |
| 3 | $6,936 | $14,364 | $284,185 |
| 4 | $7,291 | $14,010 | $276,894 |
| 5 | $7,663 | $13,638 | $269,232 |
| 6 | $8,054 | $13,246 | $261,178 |
| 7 | $8,465 | $12,835 | $252,713 |
| 8 | $8,897 | $12,403 | $243,817 |
| 9 | $9,351 | $11,949 | $234,466 |
| 10 | $9,828 | $11,472 | $224,638 |
| 11 | $10,329 | $10,971 | $214,309 |
| 12 | $10,857 | $10,443 | $203,452 |
| 13 | $11,411 | $9,889 | $192,041 |
| 14 | $11,993 | $9,307 | $180,048 |
| 15 | $12,605 | $8,695 | $167,443 |
| 16 | $13,248 | $8,052 | $154,195 |
| 17 | $13,925 | $7,376 | $140,270 |
| 18 | $14,635 | $6,665 | $125,635 |
| 19 | $15,382 | $5,918 | $110,253 |
| 20 | $16,167 | $5,133 | $94,086 |
| 21 | $16,992 | $4,308 | $77,093 |
| 22 | $17,859 | $3,441 | $59,234 |
| 23 | $18,771 | $2,529 | $40,463 |
| 24 | $19,729 | $1,571 | $20,734 |
| 25 | $20,734 | $564 | $0 |
On a median Quebec City home (about $380,000) with a 20% down payment at 5.04%, principal and interest are roughly $1,775.01 per month.
A 20% down payment on the median Quebec City home is about $76,000. In Canada, CMHC mortgage-default insurance is required with less than 20% down and is added to your loan.
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.