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Mortgage payment calculator
Estimate your payment by home price, down payment, rate, and amortization — including CMHC insurance if your down payment is under 20%.
Mortgage payment estimator
Illustrative estimate. Fixed-rate mortgages compound semi-annually by law in Canada; variable-rate mortgages compound monthly instead, since the rate can change with the lender's prime rate. Also uses published CMHC insurance tiers and minimum down payment rules. Doesn't include property tax, home/condo insurance, or land transfer tax — for exact figures, see CMHC's own tools.
Rate type
Estimated monthly payment
$3,395.05
- Mortgage principal
- $556,740
- CMHC premium
- $16,740
- Total interest
- $461,776
- Total cost
- $1,018,516