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CMHC Mortgage Loan Insurance offers housing finance solutions that can help you buy a home with a minimum down payment starting at 5%, at interest rates comparable to those available with a larger down payment. To help you estimate your monthly mortgage payments, use CMHC’s mortgage calculator chart.
Your approximate monthly principal and interest payment, per $1,000 of Mortgage Loan, is*:
| Amortization Period | ||||
| Interest Rate** | 10 years | 15 years | 20 years | 25 years |
| 2 | $9.20 | $6.43 | $5.05 | $4.23 |
| 2.25 | $9.31 | $6.55 | $5.17 | $4.36 |
| 2.5 | $9.42 | $6.66 | $5.29 | $4.48 |
| 2.75 | $9.53 | $6.78 | $5.41 | $4.61 |
| 3 | $9.65 | $6.90 | $5.54 | $4.73 |
| 3.25 | $9.76 | $7.02 | $5.66 | $4.86 |
| 3.5 | $9.88 | $7.14 | $5.79 | $4.99 |
| 3.75 | $9.99 | $7.26 | $5.91 | $5.13 |
| 4 | $10.11 | $7.38 | $6.04 | $5.26 |
| 4.25 | $10.23 | $7.50 | $6.17 | $5.40 |
| 4.5 | $10.34 | $7.63 | $6.30 | $5.53 |
| 4.75 | $10.46 | $7.75 | $6.44 | $5.67 |
| 5 | $10.58 | $7.88 | $6.57 | $5.82 |
| 5.25 | $10.70 | $8.01 | $6.71 | $5.96 |
| 5.5 | $10.82 | $8.14 | $6.84 | $6.10 |
| 5.75 | $10.94 | $8.27 | $6.98 | $6.25 |
| 6 | $11.07 | $8.40 | $7.12 | $6.40 |
| 6.25 | $11.19 | $8.53 | $7.26 | $6.55 |
| 6.5 | $11.31 | $8.66 | $7.41 | $6.70 |
| 6.75 | $11.43 | $8.80 | $7.55 | $6.85 |
| 7 | $11.56 | $8.93 | $7.69 | $7.00 |
| 7.25 | $11.68 | $9.07 | $7.84 | $7.16 |
| 7.5 | $11.81 | $9.21 | $7.99 | $7.32 |
| 7.75 | $11.94 | $9.34 | $8.13 | $7.47 |
| 8 | $12.06 | $9.48 | $8.28 | $7.63 |
| 8.25 | $12.19 | $9.62 | $8.43 | $7.79 |
| 8.5 | $12.32 | $9.76 | $8.59 | $7.95 |
| 8.75 | $12.45 | $9.90 | $8.74 | $8.12 |
| 9 | $12.58 | $10.05 | $8.89 | $8.28 |
*The CMHC Mortgage Payment Calculator is for general illustrative purposes only. Actual payment amount should be obtained from your lender. Neither CMHC nor any of its advisors shall have any liability for the accuracy of calculations.
** Assumes constant interest rate throughout amortization period.
For more homebuying tips, contact me or visit CMHC's interactive Step by Step Guide at www.cmhc.ca. CMHC is Canada's largest provider of mortgage loan insurance, helping Canadians buy a home with a minimum down payment starting at 5%. Ask your mortgage professional about CMHC.
The information is provided by CMHC for general illustrative purposes only, and does not take into account the specific objectives, circumstances and individual needs of the reader. It does not provide advice, and should not be relied upon in that regard. The information is believed to be reliable, but its accuracy, completeness and currency cannot be guaranteed. Neither CMHC and its employees nor any other party identified in this Article (Lender, Broker, etc.) assumes any liability of any kind in connection with the information provided. CMHC stakeholders are permitted to distribute the materials at their expense. The above mentioned stakeholder organization is responsible for the distribution of this document.
