Calculators
Mortgage payment calculator
See your monthly mortgage payment using Canadian semi-annual compounding. Default insurance (CMHC, Sagen, or Canada Guaranty) is auto-calculated. Estimates only — final qualification depends on your full file with a verified agent.
Your inputs
Term = how long your rate is locked with this lender (typically 1–5 years; 5 is most common). After it ends you renew. Different from amortization, which is the total time to pay off the loan. More about terms.
These flags unlock 30-year insured amortization eligibility (CMHC rule).
Monthly payment
$2,326.42
Principal + interest
Loan amount
$400,000.00
Total interest (full amort.)
$297,925.98
Payoff date
Sep 2051
Effective rate
5.00%
If your lender stress-tests you
What's this?Qualifying rate
7.00%
Stress-test monthly payment
$2,801.66
≈ $475.24 more than your contract payment at the qualifying rate.
Most federally regulated lenders qualify uninsured mortgages at the higher of your contract rate plus 2.00% or 5.25% (OSFI Guideline B-20). Your contract payment is what you actually pay; the stress-test payment shows what your file would have to support to qualify.
After your 5-year term
Renew at term endPrincipal paid
$45,969.97
Interest paid
$93,615.23
Remaining balance
$354,030.03
At the end of the term you renew at whatever rate is available then. Most Canadians renew with the same lender; switching is allowed if a better rate appears (subject to discharge fees / re-qualification).
Your first payment
Each payment shifts more toward principal as the loan ages.
Estimates only — final payment depends on lender underwriting. Stress test shown above per OSFI / Finance Canada rules; actual lender qualifying logic may differ for B-lender and private mortgages.