Canadian mortgage with semi-annual compounding and CMHC insurance.
How to use this calculator
Every field updates the result as you type — there is no submit step. The inputs below are pre-filled with a realistic example so you can see how the tool behaves before entering your own figures.
| Field | Unit | What it means |
|---|---|---|
| Purchase price | $ | Enter a numeric value. |
| Down payment | $ | Enter a numeric value. |
| Interest rate | % | Enter a numeric value. |
| Amortization | yrs | Enter a numeric value. |
| Payment frequency | — | Choose one of the available options. |
Worked example
Using the default values loaded into the calculator above, the result is:
| Input | Value |
|---|---|
| Purchase price ($) | 600000 |
| Down payment ($) | 60000 |
| Interest rate (%) | 5.25 |
| Amortization (yrs) | 25 |
| Payment frequency | Monthly |
| Output | Value |
|---|---|
| Payment | $3,317.71 |
| Down payment | $60,000.00 (10%) |
| Minimum required | $35,000.00 (5.83%) |
| CMHC insurance premium | $16,740.00 (3.1%) |
| Total mortgage | $556,740.00 |
| Effective annual rate | 5.3189% |
| Total interest | $438,574.19 |
| Number of payments | 300 |
Reading the result
Financial projections compound small assumption changes into large differences over time. Rates, fees and tax treatment vary by lender and jurisdiction, so treat the output as a well-structured estimate for comparing options rather than a quotation.
Figures that change annually — tax bands, contribution limits, statutory rates — are exposed as editable inputs. Check them against current published values before relying on the result.
Sharing and saving a calculation
The "Copy link" button encodes every value you have entered into the page URL. Opening that link restores the calculation exactly, which makes it easy to bookmark a scenario, send it to someone else, or keep several variations side by side in separate tabs.
Frequently asked questions
What does the Canadian Mortgage Calculator do?
Canadian mortgage with semi-annual compounding and CMHC insurance.
What result do the default values produce?
With the values pre-loaded in the calculator, payment comes to $3,317.71.
Is this calculator free to use?
Yes. It is free, requires no account, and runs entirely in your browser — nothing you enter is transmitted or stored on a server.
Can I save or share a calculation?
Yes. The "Copy link" button builds a URL containing all your entered values. Anyone opening that link sees the same calculation.
How accurate is the result?
The calculation itself is exact for the inputs given. Real-world accuracy depends on how well those inputs reflect your actual situation, so review the assumptions before relying on the figure.