Mortgage calculator
Enter a price, down payment and rate to see the payment on a Canadian fixed-rate mortgage. The calculator compounds interest semi-annually as Canadian lenders do, adds mortgage default insurance when you put down less than 20%, and checks the minimum down payment for the price.
Mortgage calculator
What would the payment be?
- Estimated payment
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- Mortgage amount
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- Default insurance
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- Interest over the term
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- Total interest
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An estimate for planning, not a mortgage approval. Rates compound semi-annually as Canadian fixed rates do. Mortgage default insurance applies with less than 20% down and is added to the mortgage; premiums follow the current CMHC schedule. Property taxes, condo fees and insurance are extra. A mortgage broker will confirm what you qualify for.
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