Canadian Mortgage Calculator

Mortgage details

Home price

Down payment

10% of home price

Amortization period

Total life of the mortgage. Capped at 25 years when CMHC-insured.

Mortgage term

Current rate commitment period. Balance at end of term is shown below.

Payment frequency

Show stress testQualifying payment at contract rate + 2% or 5.25%, whichever is higher

Monthly payment$3,507.86

Insured mortgage$603,135.00

CMHC premium$18,135.003.10% — added to mortgage

Total interest$449,223.97

Total cost of borrowing$1,052,358.97

Balance at end of term$533,819.75After 5-year term