Monthly PaymentCalculator

Discover the true cost of paying monthly for auto and home insurance with interest and taxes included

Calculate Your Monthly Payment Costs

Enter annual premiums to see the true cost of monthly payments

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Why Monthly Payments Cost More

Hidden Costs

  • • Auto: ~1.3% monthly interest on each payment
  • • Home: ~3% interest + 8% provincial tax
  • • Total extra: typically 15-20% more per year

Save Money

  • ✓Pay annually to eliminate interest
  • ✓Use credit card rewards on annual payments
  • ✓Some insurers offer 0% financing