Mortgage Calculator

Estimate your monthly payment, or find out how much home you can afford. Built for Canadian mortgage rules.

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Typical 5-year fixed rate, updated weekly. Use your lender's quote.
Monthly payment
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Principal and interest
Down payment
Mortgage insurance (CMHC)
Total mortgage
Total interest over amortization

Ready for real numbers? Get pre-approved with Sheri Vautour, Associate Mortgage Broker with BRX Mortgage Inc., then let's find the right property.

Estimates only, not a mortgage approval or financial advice. Payments use Canadian semi-annual compounding. Mortgage insurance is estimated with standard CMHC premiums (4.00%, 3.10% or 2.80% for less than 20% down, plus 0.20% for a 30-year amortization). Insured mortgages are limited to homes under $1.5 million and a 25-year amortization, or 30 years for first-time buyers and new builds. Affordability uses the federal stress test (the higher of your rate plus 2% or 5.25%) and debt-service limits of 39% (housing) and 44% (total debt). Lenders may use different limits, especially for acreages, farms and land. Your lender will confirm what you qualify for. Mortgage services provided by Sheri Vautour, Associate Mortgage Broker, BRX Mortgage Inc. (brokerage licensed by RECA in Alberta). Real estate services by McMillan Real Estate Group, brokered by Real Broker.