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Buying a Home
  • Mortgage Calculator
  • Mortgage Loan Insurance Premium Calculator
  • Affordability Calculator
  • Debt Service Calculator
  • What is CMHC Mortgage Loan Insurance?
  • Do I Qualify for Mortgage Loan Insurance?
  • CMHC Mortgage Loan Insurance Costs
  • CMHC’s Eco Products
  • CMHC – Home Renovation Financing Options
  • FAQs – Mortgage Loan Insurance
  • First-Time Home Buyer Incentive
  • Government of Canada Homebuyer Incentives and Rebates
  • Housing Information for Newcomers to Canada
Owning a Home
  • Mortgage Fraud
  • Mortgage Planning Tips
  • Plan and Manage Your Mortgage
  • Your Credit Report
  • Your Home Value
  • Housing Options for Seniors
  • Mortgage Financing Options for People 55+
  • Housing and Finance Tips
  • Preventing Fraud and Financial Abuse
Renting a Home
  • Things to Consider Before Renting
  • Finding or Advertising a Rental Property
  • Lease and Rental Agreements
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  • Roommates and Pets
  • Types of Housing for Rent in Canada
  • Visiting the Rental Property
  • Signing the Lease
  • Rental Payments and Deposits
  • Moving Day
  • Inspections
  • Complaints and Evictions
  • When You Can’t Pay Rent
  • Moving Out
  • Landlord/Tenant Responsibilities
  • Maintenance and Repairs
  • Rent Increases
  • Renewing or Terminating the Lease
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  • Renting or buying. Which option is right for you?
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  • Mortgage payment calculator: Estimate monthly payments in Canada
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Mortgage payment calculator: Estimate monthly payments in Canada

Use our mortgage calculator to estimate your expected monthly mortgage payments based on loan amount, interest rate, amortization, and payment frequency. Compare scenarios before making a decision.

What will my monthly mortgage payments be?

Estimate your monthly mortgage payments based on your loan details.

This calculator helps you:

  • estimate monthly mortgage payments under different conditions
  • understand how interest rates change your costs
  • compare amortization lengths and total repayment impact
  • explore payment frequency options (monthly, bi-weekly, etc.)
  • when mortgage insurance may apply (if applicable)

NOTE: This calculator automatically includes premiums for down payments under 20% for homes priced below $1,500,000.

IMPORTANT

CMHC mortgage loan insurance is available for amortization periods of 30 years provided you are a first-time homebuyer or purchasing a new build.

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Mortgage loan insurance is provided by CMHC or a private company and is required for any mortgage where the down payment is less than 20% of the purchase price or lending value of a home. "Not available" indicates that the loan in uninsurable.

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Disclaimer

This calculator is for illustrative purposes only. Users should not rely on this calculator to make any financial decisions. While every effort is made to keep this tool up-to-date, CMHC does not guarantee the accuracy, reliability or completeness of any information or calculations provided by this calculator. CMHC is not liable for loss or damage of any kind arising from the use of this tool.

Need Homebuying Tips?

Use these CMHC resources to help guide you through the home-buying experience. Ideal for first-time buyers, refinancers and industry professionals.

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Date Published: December 15, 2024

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