Mortgage Calculator

Estimate your payment, including mortgage insurance

Enter a price and down payment to see what your mortgage payment could look like. If you put down less than 20%, your lender will require mortgage default insurance (often called CMHC insurance). This calculator adds it for you, along with the Ontario sales tax on it that you pay at closing.

Want the full picture of your closing costs? Try the land transfer tax calculator, or book a free consultation and I'll walk you through it.

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Down payment
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With less than 20% down, a 30-year amortization is only available to first-time buyers and on new builds.

$0
per month
Mortgage before insurance$0
Mortgage default insurance (CMHC)$0
Total mortgage$0
Ontario sales tax on insurance
Paid in cash at closing		$0
Total interest over 25 years$0
Book a free consultation Land transfer tax

Estimate only. Canadian fixed-rate mortgages compound semi-annually, which this calculator uses. Mortgage default insurance premiums are based on the published CMHC rates (4.00% with 5 to 9.99% down, 3.10% with 10 to 14.99% down, 2.80% with 15 to 19.99% down, plus 0.20% for a 30-year amortization) and are added to the mortgage. Homes priced at $1.5 million or more need at least 20% down. Your lender sets your actual rate, insurance and approval. Rules current as of October 2026.

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.