See how your home price, down payment, rate and amortization affect your estimated payment.
Your home, your numbers.
PAYMENT ESTIMATECanadian fixed-rate convention, compounded semi-annually. Default insurance is included when applicable. Taxes, heating, fees and insurance-premium sales tax are additional.
How is a Canadian mortgage payment estimated?
The payment depends on principal, interest assumption, amortization and payment frequency. This tool uses the Canadian fixed-rate convention of semi-annual compounding and estimates default insurance where applicable. It does not quote a lender product.
A useful way to test your assumptions
Try the same purchase with two different down payments, then compare the mortgage including insurance and the monthly payment. Keep legal expenses, closing taxes and a cash reserve outside the down payment.
Calculations stay in your browser. You can explore without signing up or authorizing a credit check.
Calculation references: FCAC: QualificationCMHC: Mortgage calculationsFCAC: Down payments · Reviewed October 7, 2026
Use the estimate as a starting point.
Change the inputs to explore what is comfortable for you. A lender’s decision also depends on your credit, verified income, the property and its own requirements. These tools do not pre-approve you or provide a rate quote.
This calculator uses the Canadian fixed-rate convention of semi-annual compounding. Standard biweekly and weekly payments are not accelerated. Insurance estimates assume a traditional down payment and a qualifying owner-occupied purchase. Eligible 30-year amortizations and accelerated biweekly payments are available. The projection assumes the entered rate stays unchanged.
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