Canada Mortgage Calculator
Calculate your Canadian mortgage payments, compare loan options, and determine what you can afford in Canada
$300,000
20.0% of home price ($60,000)
$3,000
$1,200
Required if down payment < 20% ($0)
$0
Monthly Payment
$1,517
Principal & Interest
Total Monthly
$1,867
Including all costs
Total Interest
$306,107
Over life of loan
Total Cost
$546,107
Principal + Interest
Total Cost
Principal
Interest
Payment Breakdown
Canada Mortgage Calculator Guide
Our comprehensive Canadian mortgage calculator is designed specifically for the Canadian housing market. Whether you're buying your first home in Toronto, refinancing in Vancouver, or investing in Montreal property, our calculator accounts for Canadian-specific factors like CMHC insurance, provincial property taxes, and stress testing.
Canadian Mortgage Features
Canadian Mortgage Market Overview
The Canadian mortgage market is regulated by the Office of the Superintendent of Financial Institutions (OSFI) and offers various loan types including conventional and high-ratio mortgages. Current mortgage rates vary by lender, down payment, and loan-to-value ratio. Our calculator helps you understand the true cost of homeownership including property taxes, insurance, and CMHC fees to make informed decisions about your property purchase across Canada.