Everyone’s mortgage payment will be different. Several things affect your mortgage payment amount, such as:

• The price you pay for your home
• The interest rate you pay on your mortgage
• How often you make payments, from weekly to monthly
• If the interest rate is fixed or variable
• The length of time over which you agree to repay your mortgage, which is known as your mortgage amortization period

Use the Scotiabank Mortgage Calculator to get an estimate of your mortgage payment.