Canadian Mortgage Calculator
Calculate your monthly mortgage payments and explore different scenarios to find the right mortgage for your Canadian home purchase.
Mortgage Calculator
20.0% of home price
Monthly Payment Breakdown
Principal & Interest$3,595
Property Tax (est.)$938
Home Insurance (est.)$150
Total Monthly Payment$4,683
Loan Summary
Loan Amount
$600,000
Total Interest
$478,646
Total Payments
$1,078,646
Loan-to-Value
80.0%
Canadian Mortgage Tips
Minimum down payment: 5% for homes under $500K, 10% for $500K-$1M
CMHC insurance required for down payments less than 20%
Consider bi-weekly payments to pay off your mortgage faster
Get pre-approved to strengthen your offer and know your budget