Updated regularly
Canadian mortgage payment calculator
The Estima.ca mortgage calculator estimates your monthly payment on a Canadian mortgage, including default insurance (CMHC/SCHL) when your down payment is below 20%.
Enter the home price, down payment, interest rate, amortization and term to see the payment, the interest cost, and a full amortization schedule.
What the calculator includes
Principal and interest based on Canadian semi-annual compounding for fixed rates.
CMHC/SCHL insurance premium added to the mortgage when down payment is under 20%.
Optional property tax input so the true monthly housing cost is visible.
How much home can you afford?
Payment alone doesn't tell you if a mortgage is a good fit. Use the affordability calculator to test GDS / TDS ratios against your income.
FAQ
- Does it include CMHC insurance?
- Yes — the premium is added automatically when the down payment is under 20%.
- What compounding does it use?
- Semi-annual compounding for fixed-rate mortgages, as required by Canadian law.
- Can I see an amortization schedule?
- Yes — the calculator produces a month-by-month breakdown of principal and interest.