Mortgage Payments Made Easy
Thinking about buying a home? Estimate your monthly mortgage payment in seconds. All fields are required. Looking for flexible mortgage options? Pegasus offers solutions with as little as 5% down. Explore our tailored financing programs designed to fit your homeownership goals.
Note: This calculator automatically includes premiums for down payments
Mortgage details
| Year | Opening Balance | Principal (P) | Interest (I) | Total (P+I) | Closing Balance |
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Want a personalized mortgage plan? Get expert guidance and find the best financing options tailored to your needs.
Smart Financing Options
Get Up to 10% Toward Your First Home
Assist first-time homebuyers with a shared-equity mortgage, offering up to 10% of the purchase price to reduce monthly payments.
Mortgage Refinance Solutions
Access your home’s equity to fund renovations, consolidate debt, or invest, all while potentially securing lower interest rates.
Debt Consolidation Assistance
Simplify your finances by consolidating multiple debts into a single mortgage, potentially reducing your monthly payments.
Why Pegasus? Mortgage solutions designed for you
Instant Pre-Approval
Secure a verified pre-approval letter to strengthen your offer in a competitive housing market.
Fast Closings
We work efficiently to finalize your mortgage faster than the industry standard—get approved in as little as 24 hours.
Access Your Home Equity
Need funds? Unlock up to $500K of your home’s value with HELOC (Home Equity Line of Credit) options tailored to your financial goals.
Flexible Mortgage Terms
Choose from 10, 15, 20, or 30-year fixed mortgage terms, with down payment options starting at just 5%—perfect for first-time buyers.
Simple & Secure Online Application
Use our mortgage payment calculator Canada to easily calculate mortgage payments and explore loan options. Need assistance? Our experienced Mortgage Advisors are ready to guide you at every step.
Start planning today with Pegasus Mortgage—trusted, transparent, and tailored for you.
Personalized mortgage solutions
10,000+
dream homes with Pegasus
$5B+
funded
20+ years
expertise
We are Rated one of the most Trusted Mortgage Lenders in Canada
Reach out to our experts for personalized advice.
Our team of experts is ready to assist you every step of the way. Whether you’re a first-time homebuyer or refinancing, we’ll provide tailored advice to help you make the best decision for your financial future.
FAQs on mortgage payment calculator
How can I calculate mortgage payment?
Use the formula or our Mortgage Payment Calculator for quick results.
What factors impact my mortgage payment?
Your payment depends on loan amount, interest rate, amortization period, and down payment.
How do I reduce my mortgage payment?
- Opt for a longer amortization period.
- Make a larger down payment to reduce loan amount.
- Compare mortgage rates before choosing a lender.
Should I choose a fixed or variable rate mortgage?
- Fixed rates offer stability but can be higher.
- Variable rates fluctuate but may offer lower payments initially.
What happens if interest rates rise during my mortgage term?
Your payments may increase if you have a variable rate mortgage. Consider locking in a fixed rate if rates are expected to rise.
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