Adjust the inputs below. Results update as you type.
Canadian mortgages compound semi-annually by law, unlike U.S. monthly compounding. Effective monthly rate = (1 + annual rate/2)^(1/6) − 1. CMHC mortgage insurance is required when down payment is 5–20% of purchase price (0.6–4% premium added to principal). Maximum amortization for insured mortgages is 25 years.
Principal and interest only—no taxes, insurance, PMI, or HOA. Rates and offers vary; verify with a lender.