Mortgage Payment Calculator

Calculate your monthly mortgage payments with taxes, insurance, and CMHC premiums. Built with official CMHC rules for accurate calculations in the Canadian market.

Calculate Your Mortgage Payment

$500K$2M
Minimum: $50,00050%: $375,000

Higher down payments = lower monthly payments & no insurance premiums

3%7%
15 years30 years

Monthly Payment

$3,383

Principal & Interest

Additional Options (affects CMHC rates)

✓ Conventional Mortgage (20%+ down payment)

No CMHC insurance required - save on premium costs

CMHC Calculation Breakdown

Loan Amount:$600,000
Total Loan:$600,000
LTV Ratio:80.0%
Amortization:25 years

Important: This calculator provides estimates for planning purposes only. Actual rates and payments may vary based on your credit score, lender choice, and current market conditions. CMHC insurance rates are current as of 2025 and subject to change.