Mortgage Calculator (Canada)

Canadian mortgage payments with semi-annual compounding, CMHC insurance, and payment frequency options.

Home price

Down payment

Interest rate (annual, semi-annual compounding)

Amortization period

Payment frequency

Payment

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About this calculator

Canadian mortgages are compounded semi-annually by law, not monthly like in the U.S., so this calculator converts your quoted rate to the correct periodic rate before computing payments. If your down payment is under 20%, CMHC mortgage default insurance is estimated and added to your mortgage balance. Minimum down payment is 5% on the first $500,000 of the purchase price and 10% on the portion between $500,000 and $1,500,000; homes at $1,500,000 or more require at least 20% down. This is an estimate only — confirm exact figures with your lender.