See how home price, down payment, rate, and amortization affect your payment — using standard Canadian semi-annual compounding.
This calculator provides estimates for illustration only, using standard Canadian mortgage compounding rules (semi-annual, not in advance). It does not include property tax, insurance, or CMHC premiums. Reach out and we can walk through figures specific to your situation.
Required for down payments under 20%, typically added to the mortgage principal.
Often collected with your payment but not part of the mortgage itself.
Legal fees, land transfer tax, and inspection costs are paid separately at closing.
Accelerated bi-weekly payments equal one extra monthly payment per year, which can shave years off a typical amortization without a noticeable change to your monthly budget.
This is an estimate — we can confirm the exact rate you qualify for today.