Use our Ontario Mortgage Calculator to estimate your mortgage payments based on your home price, down payment, interest rate, amortization period, and payment frequency. The calculator can also estimate mortgage default insurance when applicable, helping you better understand the potential cost of financing a home in Toronto, the GTA, and across Ontario.

Real Estate Tool

Mortgage
Calculator

Estimate your Canadian mortgage payment, mortgage insurance, interest costs, and amortization.

Mortgage Details
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$
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Minimum down payment rules are applied automatically.
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yrs
Insured amortizations over 25 years are available only to eligible first-time buyers or buyers purchasing a new build.
Payment Frequency
Monthly Payment
$0
Principal and interest
Mortgage Amount
$0
Est. Total Interest
$0
Est. Total Payments
$0
CMHC Premium
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0%
Interest
Principal
Interest
Mortgage loan insurance included. The estimated CMHC premium has been added to the mortgage principal.
A 30-year insured mortgage is available only to eligible first-time home buyers or buyers purchasing a new build. This estimate assumes the borrower qualifies and includes the applicable higher CMHC premium.
Year Payments Principal Interest Balance
Important: This calculator provides estimates for illustrative purposes only. Mortgage payments use the Canadian convention of an annual nominal interest rate compounded semi-annually. Estimated lifetime interest assumes the entered interest rate remains unchanged throughout the full amortization period, although actual mortgage rates normally change when a mortgage is renewed. CMHC mortgage insurance estimates assume a typical owner-occupied residential purchase and do not include Ontario provincial sales tax on the insurance premium, property taxes, home insurance, legal fees, closing adjustments, or other costs. Eligibility and lender requirements may vary. Confirm financing with a qualified mortgage professional or lender.