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Canadian Mortgage Calculator
Calculate Canadian mortgage payments and costs
About Canadian Mortgages
Canadian mortgages have unique features including stress testing, mortgage insurance requirements, and different qualification criteria. This calculator helps you understand your mortgage options in Canada.
Canadian Mortgage Tips
- Down Payment: Minimum 5% for homes under $500k, 10% for $500k-$1M
- CMHC Insurance: Required for down payments less than 20%
- Stress Test: Must qualify at higher rate (typically +2%)
- Amortization: Maximum 25 years for insured mortgages
- Payment Frequency: Accelerated payments reduce amortization
- Prepayment Privileges: Most mortgages allow extra payments