Mortgage Calculator

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Plan today for a secure tomorrow

 

Maintain the home and lifestyle you’ve worked hard to build.

Frequently asked questions

A mortgage payment is the amount of money you pay towards your mortgage — typically on a biweekly or monthly basis. Mortgage payments are made up of mortgage principal and interest.

The principal is the amount you borrow (mortgage amount). For example, if you have a $500,000 mortgage, the principal is $500,000. The lender charges interest on your principal, adding to the amount you owe.

When you start paying your mortgage, a larger portion of your payment goes towards interest. As you pay down your mortgage, the interest portion decreases so more of your payment goes towards paying off your principal.

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Contact us

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Make an appointment with a Home Financing Advisor

Talk to a Home Financing Advisor on the phone or at a location of your choice.

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Apply online with eHOME

You can be pre-approved, search for a home, and get a mortgage all in one place with Scotiabank’s online mortgage application process.

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Visit an advisor at your branch


Talk to a Scotiabank Financial Advisor at one of our branches to learn more about our mortgage solutions.

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