Mortgage calculators

Mortgage payment calculator

See your payment, the stress-test rate you'll need to qualify at, and your interest over the term, with the real Canadian math.

Estimate your payment on a home purchase, with correct Canadian semi-annual compounding, the stress-test rate, and CMHC insurance where it applies.

Purchase price

$100,000$3,000,000

Down payment

Down %

With less than 20% down, CMHC default insurance applies.

Amortization

Term

First-time buyer

New construction

Interest rate

Stress-test (qualifying) rate

Your qualifying rate is the higher of the 5.25% benchmark or your rate + 2%, currently 6.19%.

Payment frequency

Monthly payment

$3,733

Mortgage amount$695,925

Interest over your 5-year term$135,858

CMHC insurance premium$20,925

QC tax on the premium$1,883

The CMHC premium is added to your mortgage, not paid upfront. The Quebec tax on it is paid in cash at closing.

Estimate only. Your exact payment depends on the lender's terms, approval, and rate held. We'll confirm the real numbers for you.

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