Calculator
Mortgage Payment Calculator
Built to Canadian rules — semi-annual compounding, CMHC premiums on less than 20% down, and every payment frequency. Estimate only.
Monthly payment
$3,486.22
Down payment$150,000 (20%)
Total mortgage$600,000
Total interest (over amortization)$445,865
Total of payments$1,045,865
Estimate only — not a rate quote or loan approval. Your actual numbers depend on your full application.
Canadian mortgages compound semi-annually, so the effective per-payment rate differs slightly from a simple monthly division. Default insurance (CMHC-type) applies to less than 20% down and is added to your mortgage: 2.80% at 80–85% loan-to-value, 3.10% at 85–90%, and 4.00% at 90–95%.
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