Canada Mortgage Calculator
True Canadian mortgage math: semi-annual compounding, CMHC insurance when your down payment is under 20%, and the stress-test payment you must qualify at.
Monthly Payment
$0
CMHC Insurance Premium (added to loan)$0
Total Mortgage (loan + CMHC)$0
Stress-Test Payment (must qualify at)$0
Total Interest Over Amortization$0
Down Payment %0%
Canadian fixed mortgages compound semi-annually (not monthly), which this calculator models correctly. Under 20% down requires CMHC insurance: 4.0% of the loan (5–9.99% down), 3.1% (10–14.99%) or 2.8% (15–19.99%), rolled into the mortgage. The federal stress test makes you qualify at the higher of your rate + 2% or the 5.25% minimum qualifying rate. Minimum down: 5% on the first $500K, 10% on the portion above. Estimates only.