Canadian Mortgage Calculator
Buying a home in Canada is complicated. We give you the full picture so you don't have to guess.
🔓 No email or account🇨🇦 Canadian rules built in📊 Complete and accurate
Monthly Payment
$3,120.44
Monthly ownership
$3,120
Mortgage + tax + heat
Total interest
$336.1K
Over 25 years
Balance at renewal
$521.3K
After 5-yr term
Mortgage amount
$600.0K
No CMHC required
At this rate, you'd pay $3,120 monthly for the first 5 years, leaving $521.3K owing at renewal. Your equity at that point would be 30% — enough to switch lenders or refinance without CMHC coming back into the picture.
Insights
No CMHC insurance required. Your full down payment goes toward equity.
Switching to accelerated bi-weekly payments saves roughly $751 in interest over the amortization.
Cash needed at closing
Down payment$150,000
Land transfer tax$11,475
Closing costs (est.)(add in Advanced)$1,500
Total cash needed$161,475
Closing costs are estimated at $1,500. Add your actual figure in Advanced options.
Where your money goes each month
Total monthly cost
$3,120
Your balance, equity & interest over time
How each payment splits over time
Explore more
Monthly
$3,120.44
Monthly ownership
$3,120