Estimate your mortgage payments and see a full amortization breakdown. Enter your home price, down payment, interest rate, and amortization period. CMHC mortgage loan insurance is automatically calculated when your down payment is less than 20%.
Disclaimer: This calculator is for illustrative purposes only and does not constitute financial advice. Canadian mortgages are compounded semi-annually by law (not monthly). Accelerated payment options are calculated as half (bi-weekly) or a quarter (weekly) of the monthly payment, paid more frequently — this reduces your amortization and saves significant interest. CMHC insurance premiums shown are estimates based on current published rates and are added to your mortgage principal. Please consult a licensed mortgage professional for personalized advice.