Financial

Canada Mortgage Calculator

Calculate monthly mortgage payments for Canadian homebuyers. Includes CMHC insurance for high-ratio mortgages and provincial differences.

Using the Canada Mortgage Calculator

Canadian mortgages use semi-annual interest compounding, which differs from the monthly compounding used in the US. This tool is built specifically to handle Canadian regulations, including CMHC insurance requirements.

How it Works

Input the property price and your down payment percentage.

Note that down payments under 20% will automatically include CMHC insurance estimates.

Select your province to calculate Land Transfer Tax (LTT).

Choose your payment frequency (Monthly, Bi-weekly, or Accelerated Bi-weekly).

Home Price (C$)

Down Payment (C$)

Annual Interest Rate (%)

Amortization Period (years)

Mortgage Term (years)

Province