Mortgage Payment Calculator
Estimate your monthly, bi-weekly, or accelerated bi-weekly mortgage payment, including CMHC insurance for down payments under 20%.
How this calculator works
Canadian mortgages are compounded semi-annually (not monthly), so the
effective per-payment rate is derived from the nominal annual rate as
(1 + annual / 2)2 − 1. CMHC insurance is required
when the down payment is less than 20% and is added to the loan principal.
- 5.00–9.99% down: 4.00% CMHC premium
- 10.00–14.99% down: 3.10% CMHC premium
- 15.00–19.99% down: 2.80% CMHC premium
- 20%+ down: no CMHC required