Canadian mortgage calculator

Canadian mortgage payment with semi-annual compounding, accelerated bi-weekly or weekly options, the CMHC insurance premium and the balance at renewal.

آخر تحديث 28 سبتمبر 2026أمثلة تم التحقق منها: 6

Purchase price

Enter down payment as

الدفعة المقدمة

Minimum: 5% of the first $500,000 and 10% of the rest; 20% at $1.5 million or more (FCAC).

Interest rate (per year)

Interest compounded

Fixed-rate mortgages compound half-yearly under the Interest Act convention. Choose monthly only if your contract says interest compounds monthly.

Amortization

years

Insured mortgages: 25 years, or 30 if a borrower is a first-time buyer or the home is newly built (since December 15, 2024).

First-time buyer or newly built home

Allows a 30-year amortization on an insured mortgage.

Payment frequency

Mortgage term

years

Years until renewal; the balance left then is renewed at the rate on offer.

خيارات إضافية

Borrowed (non-traditional) down payment

CMHC charges 4.50% instead of 4.00% above 90% loan-to-value.

Provincial sales tax on the premium

Ontario, Quebec and Saskatchewan tax the premium; the tax is paid at closing and can't be added to the mortgage (CMHC). Check Revenu Québec for Quebec's rate.

جرّب

Mortgage payment

C$per month

المنازل العشرية: 2؛ إلى الأقرب، وعند التعادل إلى الرقم الزوجي

Minimum down payment: C$35,000.00
الدفعة المقدمة: C$60,000.00
Mortgage before insurance: C$540,000.00
Loan-to-value: 90.00%
CMHC premium rate: 3.10%
Mortgage insurance premium: C$16,740.00
Sales tax on the premium (cash): C$0.00
Total mortgage: C$556,740.00
Effective annual rate: 4.5506%
Interest paid in the term: C$116,941.93
Balance at renewal: C$488,797.61
Total interest: C$367,681.60
Time to pay off: 25.00years

In Ontario, Quebec and Saskatchewan, provincial sales tax on the premium is due in cash at closing; enter the rate under More options.

The rate is fixed only for the 5-year term; the balance of C$488,797.61 is renewed at whatever rate is offered then.

You borrow C$556,740.00, including a C$16,740.00 insurance premium, and pay C$3,081.41 per month. By renewal after 5 years you will have paid C$116,941.93 of interest and still owe C$488,797.61. The mortgage is repaid after 25 years with C$367,681.60 of interest in all.

Mortgage balance

Total interest by payment frequency

Where the money goes

Loan58.4%Insurance premium1.8%الفائدة39.8%

Year-by-year schedule, monthly payments الصفوف: 25

السنة	Payments	أصل القرض	الفائدة	Balance at year end
1	C$36,976.86	C$12,406.75	C$24,570.12	C$544,333.25
2	C$36,976.86	C$12,971.33	C$24,005.53	C$531,361.92
3	C$36,976.86	C$13,561.61	C$23,415.26	C$517,800.32
4	C$36,976.86	C$14,178.74	C$22,798.12	C$503,621.57
5	C$36,976.86	C$14,823.97	C$22,152.90	C$488,797.61
6	C$36,976.86	C$15,498.55	C$21,478.32	C$473,299.06
7	C$36,976.86	C$16,203.83	C$20,773.03	C$457,095.23
8	C$36,976.86	C$16,941.21	C$20,035.66	C$440,154.03
9	C$36,976.86	C$17,712.14	C$19,264.73	C$422,441.89
10	C$36,976.86	C$18,518.15	C$18,458.72	C$403,923.74

طريقة الحساب S

Minimum down payment
$5\% \times 500{,}000 + 10\% \times (600{,}000.00 - 500{,}000) = 35{,}000.00$
Your down payment of C$60,000.00 is 10% of the price.
Mortgage insurance
$\text{LTV} = \frac{540{,}000.00}{600{,}000.00} = 90.00\%,\quad 3.1\% \times 540{,}000.00 = 16{,}740.00$
CMHC homeowner premium for this loan-to-value. It is added to the mortgage.
Effective annual rate
$\left(1 + \frac{4.5\%}{2}\right)^{2} - 1 = 4.5506\%$
Half-yearly compounding, as the Interest Act convention for fixed-rate mortgages requires.
Monthly payment
$i_{12} = (1 + 0.04550625)^{1/12} - 1 = 0.003715319575,\quad M = \frac{556{,}740.00\, i_{12} (1+i_{12})^{300}}{(1+i_{12})^{300} - 1} = 3{,}081.41$
Term and total interest
$\text{interest in 5 years} = 116{,}941.93,\quad \text{total} = 367{,}681.60$
Paid off after 300 payments (25 years).

حول Canadian mortgage calculator

Canadian fixed-rate mortgages compound interest twice a year. The Interest Act (section 6) requires a blended-payment mortgage to state its rate "calculated yearly or half-yearly, not in advance", so 5% means 2.5% every six months, or 5.0625% a year effective. Each payment uses the matching rate per period, for example (1.025)^(1/6) − 1 per month.

With the defaults, a 600,000 home with 10% down needs a CMHC premium of 3.10%, or 16,740, added to the 540,000 loan; at 4.5% over 25 years the 556,740 mortgage costs 3,081.41 a month. The Financial Consumer Agency of Canada's table gives 1,744.81 a month for 300,000 at 5% over 25 years, which this calculator reproduces.

Accelerated bi-weekly payments, half the monthly payment every two weeks, add the equivalent of one monthly payment a year. On that 300,000 mortgage they end the loan in 21.5 years and save 36,261.51 of interest.

أمثلة محلولة

FCAC table: 300,000 at 5% over 25 years

Purchase price: 375,000
Enter down payment as: Percent of price
الدفعة المقدمة: 20%
Interest rate (per year): 5%
Interest compounded: Semi-annually (fixed)
Amortization: 25 years
Payment frequency: Monthly
Mortgage term: 5 years

Mortgage payment: 1,744.81 per month
Total interest: 223,444.49
Interest paid in the term: 70,211.42
Mortgage insurance premium: 0.00
Effective annual rate: 5.0625%

مصدر التحقق: ⁨Financial Consumer Agency of Canada, Interest on mortgages: 5.00% row — monthly payment 1,744.81, 5-year interest 70,211.42, 25-year interest 223,444.49⁩

FCAC table: 300,000 at 2.5% over 25 years

Purchase price: 375,000
Enter down payment as: Amount
الدفعة المقدمة: 75,000
Interest rate (per year): 2.5%
Interest compounded: Semi-annually (fixed)
Amortization: 25 years
Payment frequency: Monthly
Mortgage term: 5 years

Mortgage payment: 1,343.90 per month
Total interest: 103,169.61
Interest paid in the term: 34,547.72

مصدر التحقق: ⁨Financial Consumer Agency of Canada, Interest on mortgages: 2.50% row — 1,343.90 a month, 34,547.72 over 5 years, 103,169.61 over 25 years⁩

FCAC minimum down payment on a 600,000 home

Purchase price: 600,000
Enter down payment as: Amount
الدفعة المقدمة: 35,000
Interest rate (per year): 4.5%
Interest compounded: Semi-annually (fixed)
Amortization: 25 years
Payment frequency: Monthly
Mortgage term: 5 years

Minimum down payment: 35,000.00
CMHC premium rate: 4.00%
Mortgage insurance premium: 22,600.00
Total mortgage: 587,600.00

مصدر التحقق: ⁨FCAC: 5% of 500,000 + 10% of 100,000 = 35,000; CMHC table: LTV 94.17% → 4.00% × 565,000 = 22,600⁩

30-year Home Start amortization at 5% down

Purchase price: 500,000
Enter down payment as: Percent of price
الدفعة المقدمة: 5%
Interest rate (per year): 4.5%
Interest compounded: Semi-annually (fixed)
Amortization: 30 years
First-time buyer or newly built home: نعم
Payment frequency: Monthly
Mortgage term: 5 years

CMHC premium rate: 4.20%
Mortgage insurance premium: 19,950.00
Total mortgage: 494,950.00
Mortgage payment: 2,495.61 per month

مصدر التحقق: ⁨CMHC Home Start premium schedule (90.01–95% LTV: 4.20%); Python decimal annuity at (1.0225)^(1/6) − 1 over 360 months⁩

الأسئلة

Why are Canadian mortgages compounded semi-annually?

Section 6 of the Interest Act requires a mortgage with blended payments to state its rate calculated yearly or half-yearly, not in advance, and fixed rates are quoted with half-yearly compounding. A 5% rate is then 5.0625% effective a year instead of 5.1162% with monthly compounding. On 300,000 over 25 years the payment is 1,744.81 a month rather than 1,753.77.

What is the minimum down payment in Canada?

5% of the price up to 500,000; 5% of the first 500,000 plus 10% of the rest up to 1.5 million; and 20% at 1.5 million or more, where mortgage insurance is not available (Financial Consumer Agency of Canada). A 600,000 home needs at least 25,000 + 10,000 = 35,000. With less than 20% down you typically need mortgage default insurance.

How much is CMHC mortgage insurance?

CMHC charges a one-time premium on the loan: 2.80% at 80.01% to 85% loan-to-value, 3.10% up to 90% and 4.00% up to 95% (4.50% with a borrowed down payment). Amortizations over 25 years add 0.20 points. The premium is usually added to the mortgage; Ontario, Quebec and Saskatchewan charge sales tax on it, payable in cash. At 94.17% LTV on 565,000 the premium is 22,600.

Can you get a 30-year mortgage in Canada?

Yes. Since December 15, 2024, an insured mortgage (under 20% down) can be amortized over 30 years if a borrower is a first-time buyer or the home is newly built (Department of Finance); others are capped at 25 years. With 5% down on 500,000 at 4.5%, 30 years costs 2,495.61 a month against 2,734.16 over 25 years, but 77,224.44 more interest.

How much do accelerated bi-weekly payments save?

Paying half the monthly payment every two weeks makes 26 half-payments, or 13 monthly payments, a year. On 300,000 at 5% over 25 years, accelerated bi-weekly payments of 872.41 end the mortgage in 21.5 years and save 36,261.51 of interest; accelerated weekly payments of 436.20 save 36,673.39. Regular bi-weekly payments, set to last 25 years, save only 579.95.

ما مدى دقة «⁨Canadian mortgage calculator⁩»؟

تعتمد الدقة على مدخلاتك وافتراضات الطريقة. يستخدم الحساب العشري 50 رقمًا معنويًا، لكن التقديرات والأساليب العددية وبيانات المصدر قد تكون أقل دقة؛ تقريب القيم المعروضة لا يزيل هذه الحدود. أمثلة محلولة جرى التحقق منها بمصادر مستقلة: 6. مثلًا، يجري التحقق من «⁨FCAC table: 300,000 at 5% over 25 years⁩» بالرجوع إلى ⁨Financial Consumer Agency of Canada, Interest on mortgages: 5.00% row — monthly payment 1,744.81, 5-year interest 70,211.42, 25-year interest 223,444.49⁩.

ما مصدر هذه الطريقة؟

Interest Act (R.S.C., 1985, c. I-15), section 6; Financial Consumer Agency of Canada — Interest on mortgages (payment table for 300,000 over 25 years); Financial Consumer Agency of Canada — Saving for a down payment; CMHC — Premium information for homeowner and small rental loans; CMHC — Home Start (30-year amortization premiums); Department of Finance Canada — Boldest mortgage reforms in decades come into force.

حول هذه الحاسبة

i_p = \left(1+\tfrac{j}{2}\right)^{2/p} - 1,\quad M = \frac{L\,i_{12}}{1-(1+i_{12})^{-12a}}

المصادر

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Mortgage balance

Total interest by payment frequency

Where the money goes

Minimum down payment

Mortgage insurance

Effective annual rate

Monthly payment

Term and total interest