Rates Apr 9, 2026

Canadian Mortgage Calculator

Canada's most complete mortgage calculator — built for how mortgages actually work here.

Monthly Payment

$3,120.44

3.89% · 25-yr amortization · 5-yr term

Monthly ownership

$3,829

Mortgage + tax + insurance

Total interest

$336.1K

Over 25 years

Mortgage amount

$600.0K

No CMHC required

Balance at renewal

$521.3K

After 5-yr term

After 5-Year Term

$521.3K

Balance owing

$78.7K

Principal paid

$108.5K

Interest paid

Equity after term$228.7K (30.5%)
Your snapshot: You'd pay $3,120 monthly for the first 5 years, with $521.3K still owing at renewal. Your equity would be 30% — enough to refinance or switch lenders without penalty.

Also included below ↓

Where your money goes each month

Total monthly cost

$3,703

Your balance, equity & interest over time

How each payment splits over time

What if rates go up at renewal?

If your rate changes when your 5-year term ends, your monthly payment on the $521.3K remaining balance would be:

Same rate · 3.89%

$3,120

+0.5% · 4.39%

$3,256

+$136

+1% · 4.89%

$3,395

+$274

+2% · 5.89%

$3,681

+$560

Stress test qualifying rate: 5.89% (contract rate + 2%, minimum 5.25%)

Why CrystalKey is different

Correct Canadian math

Canadian mortgages compound semi-annually by law — not monthly like in the US. Most calculators get this wrong. Ours correctly converts quoted rates to effective periodic rates using the Interest Act formula.

Every upfront cost included

Down payment is just the start. We calculate CMHC insurance, provincial land transfer tax (all 13 provinces and territories), Toronto's municipal LTT, GST/HST on new builds, and closing costs — all in one place.

Rules updated for 2026

The December 2024 rule changes matter: CMHC insured limit raised to $1.5M, GDS limit raised to 39%, minimum down payment thresholds updated. We track every change so you don't have to.

Monthly

$3,120.44

Monthly ownership

$3,829