Canadian Mortgage Calculator

Introduction

Estimate a Canadian mortgage payment using home price, down payment, interest rate, amortization term, and optional property tax and insurance.

About this canadian mortgage tool

Canadian Mortgage Calculator is designed for a focused everyday task where a quick browser-based calculation or conversion is more useful than a full spreadsheet. Review the inputs carefully, then use the result as a practical planning aid.

How this tool works

Enter the values requested by the page, review the result, and change one input at a time if you want to compare scenarios. Keeping the assumptions visible makes the output easier to interpret and easier to verify elsewhere.

1. Enter purchase price, down payment, rate, and amortization term.
2. Add annual property tax and insurance if you want a broader monthly estimate.
3. Review principal and interest separately from optional monthly housing costs.

When to use this tool

Use the tool for quick checks, estimates, and everyday planning. For official, regulated, legal, tax, payroll, medical, or high-value decisions, verify the result with the relevant provider, authority, or qualified adviser.

Good to know

• Estimates only. Uses a common semi-annual compounding convention for planning and excludes lender fees, CMHC insurance, taxes, and qualification rules.
• Check lender documents, broker advice, insurer rules, and provincial requirements before acting.

Country-specific assumptions

• GST/HST presets are editable planning constants and do not include separate PST, QST, or RST unless the province uses HST.
• Canadian mortgage payments use a common semi-annual compounding convention for estimates.
• Salary and TFSA results are estimates only; check CRA guidance, your province/territory rules, plan room, lender terms, or professional advice.

Results are estimates only. Do not use this page as regulated financial, tax, legal, payroll, mortgage, or investment advice; check official government sources, provider documents, or a qualified professional before making final decisions.