CrystalKey

Monthly Payment

$3,120.44

3.89% · 25-yr amortization · 5-yr term

Monthly ownership

$3,829

Mortgage + tax + insurance

Total interest

$336.1K

Over 25 years

Mortgage amount

$600.0K

No CMHC required

Balance at renewal

$521.3K

After 5-yr term

After 5-Year Term

$521.3K

Balance owing

$78.7K

Principal paid

$108.5K

Interest paid

Equity after term$228.7K (30.5%)

Monthly Cost Breakdown

Total monthly cost

$3,703

Balance, Equity & Interest

Principal vs. Interest by Year

Renewal Stress Test

If your rate changes at renewal, your monthly payment would be:

Same rate · 3.89%

$3,120

+0.5% · 4.39%

$3,256

+$136

+1% · 4.89%

$3,395

+$274

+2% · 5.89%

$3,681

+$560

Stress test qualifying rate: 5.89% (contract rate + 2%, minimum 5.25%)

Monthly

$3,120.44

Monthly ownership

$3,829