Mortgage payment calculator
Your payment, your insurance, and what you'll owe at renewal.
- 2×
- Compounding a year, the Canadian way
- 20%
- Down to skip mortgage insurance
- 13
- Payments a year, accelerated bi-weekly
Payment calculator
Monthly payment
$0.00
- Mortgage before insurance
- $0
- CMHC insurance
- $0
- Total mortgage
- $0
- Interest over a 5-year term
- $0
- Still owing after 5 years
- $0
- Paid off in
- 25 years
Estimates only, not an offer of credit. Your actual rate, insurance and payment depend on the lender and your approval. Insurance premiums are CMHC's published rates; 30-year insured mortgages are for first-time buyers and new builds.
Get real numbers: apply onlineHow it works
- 01
Compounded twice a year
The Canadian rule for fixed rates.
- 02
Accelerated bi-weekly
Half a payment every two weeks: one extra a year.
- 03
Mortgage insurance
Added to the loan under 20% down.
- 04
Not included
Property tax, home insurance and heat.
Insurance premiums
| Down payment | Premium |
|---|---|
| 20% or more | None |
| 15% to 19.99% | 2.80% |
| 10% to 14.99% | 3.10% |
| 5% to 9.99% | 4.00% |
Source: CMHC, October 2026. Add 0.20% for 30 years.
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Questions about the calculator
Does this tell me if I qualify?
No. Lenders test your payment at your rate plus 2%, or 5.25%, against your income and debts.
Why does a 30-year amortization cost more insurance?
CMHC adds 0.20%. It's for first-time buyers and new builds.
Why compound twice a year?
Canadian fixed-rate mortgages do, so the payment is a little lower than a US calculator shows.
What rate should I put in?
One you've been quoted, or ask us for today's. Rates change too often to publish.