Calculators
What would the payment actually be?
Enter the price and your down payment. Mortgage loan insurance is worked out and added when you put down less than 20%, and interest compounds semi-annually, the way Canadian fixed-rate mortgages do.
10.00% of the price. Minimum $45,000.
Up to 30 years for a first-time buyer or a new build.
Your payment would be
—
Monthly
Enter your interest rate to see the payment.
- Mortgage loan insurance
- —
- Total mortgage amount
- —
- Total interest cost
- —
View as chart
Complete the calculator to see the chart.
Estimate only, for illustration. Interest is compounded semi-annually, as Canadian fixed-rate mortgages are. Where the down payment is under 20% of a price below $1,500,000, the mortgage loan insurance premium is added to the mortgage; in Ontario, provincial sales tax on that premium is payable at closing and is not included here. Premiums are based on the published default-insurance rates and a lender’s insurer may differ. Property tax, condominium fees, heating and closing costs are excluded. This is not a quote, a pre-qualification or a commitment to lend, and all mortgages are subject to lender approval.
What this does not include
Property tax, condominium fees, heating, closing costs, and the Ontario sales tax on a mortgage loan insurance premium, which is paid at closing rather than added to the mortgage. A lender’s affordability assessment includes several of those, so a payment you can service is not the same thing as an amount you will be approved for.
Your figures stay in your browser
This calculator runs entirely on your device. Nothing you type here is sent to us, stored or logged. If you want a number against your real file, start a pre-qualification and a licensed agent will work it through with you.
Find out what you qualify for.
Takes about two minutes. No credit inquiry to start, and no SIN required — we only ask for that when a lender formally needs it.
Pre-qualification is not a mortgage approval or a commitment to lend. All mortgages are subject to lender approval.