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MortgageCalc

BNS Mortgage Calculator

Free Bank of Nova Scotia mortgage calculator to calculate your monthly payments, amortization schedules, and compare BNS mortgage rates. Get accurate estimates for your BNS home loan.

Loan Details
Enter your mortgage information to get accurate calculations

$300,000

20.0% of home price ($60,000)

Additional Costs
Monthly expenses beyond mortgage

$3,000

$1,200

Required if down payment < 20% ($0)

$0

Extra Payments
Pay off your mortgage faster

Monthly Payment

$1,517

Principal & Interest

Total Monthly

$1,867

Including all costs

Total Interest

$306,107

Over life of loan

Total Cost

$546,107

Principal + Interest

Payment Breakdown

Total Cost

$546,107
Over 30 years

Principal

$240,000
43.9% of total

Interest

$306,107
56.1% of total

Payment Breakdown

Principal43.9%
$240,000
Interest56.1%
$306,107
Interest vs Principal Ratio
You'll pay 56% in interest
That's $66,107 more than the original loan amount
Amortization Schedule
See how your loan balance decreases over time
YearPaymentPrincipalInterestBalance
1$1,517$217$1,300$239,783
1$1,517$230$1,287$237,317
2$1,517$246$1,271$234,455
3$1,517$262$1,255$231,401
4$1,517$280$1,237$228,143
5$1,517$298$1,219$224,666
6$1,517$318$1,199$220,957
7$1,517$340$1,177$216,999
8$1,517$362$1,155$212,776
9$1,517$387$1,130$208,270
10$1,517$413$1,104$203,463
11$1,517$440$1,077$198,333
12$1,517$470$1,047$192,860
13$1,517$501$1,016$187,021
14$1,517$535$982$180,790
15$1,517$571$946$174,142
16$1,517$609$908$167,049
17$1,517$650$867$159,481
18$1,517$693$824$151,405
19$1,517$740$777$142,790
20$1,517$789$728$133,597
21$1,517$842$675$123,788
22$1,517$898$619$113,323
23$1,517$958$559$102,156
24$1,517$1,023$494$90,242
25$1,517$1,091$426$77,530
26$1,517$1,164$353$63,967
27$1,517$1,242$275$49,495
28$1,517$1,325$192$34,054
29$1,517$1,414$103$17,579
30$1,517$1,509$8$0

BNS Mortgage Calculator Features

Our BNS mortgage calculator is specifically designed to help you calculate Bank of Nova Scotia mortgage payments, compare BNS mortgage rates, and understand your home loan options. Whether you're a first-time homebuyer or looking to refinance with BNS, our calculator provides accurate estimates.

Key Features

BNS Mortgage Payment Calculator:Calculate your monthly BNS mortgage payments based on loan amount, interest rate, and term.
BNS Mortgage Rates Comparison:Compare current BNS mortgage rates with other lenders to find the best deal.
BNS Amortization Schedule:View detailed breakdown of how your BNS mortgage payments are applied to principal and interest.
BNS Mortgage Affordability:Determine how much you can afford to borrow with BNS based on your income and expenses.
BNS Pre-Approval Calculator:Estimate your BNS mortgage pre-approval amount before applying.
BNS Mortgage Comparison:Compare BNS mortgage options including fixed and variable rate mortgages.

About Bank of Nova Scotia (BNS) Mortgages

Bank of Nova Scotia (BNS), also known as Scotiabank, is one of Canada's largest banks offering competitive mortgage rates and flexible home loan options. BNS provides various mortgage products including fixed-rate mortgages, variable-rate mortgages, and specialized programs for first-time homebuyers. Use our BNS mortgage calculator to estimate your payments and compare BNS mortgage rates with other lenders.