Mortgage calculator for Canada.
Your monthly payment, the default-insurance premium and the stress-test qualifying payment in one place — built on real Canadian semi-annual compounding. Then go deeper by goal, or pick your bank.
- Mortgage amount
- $560,000
- Total mortgage
- $560,000
- Qualifying payment at 6.14% (stress test)
- $3,630
An estimate, not a quote — your rate depends on your credit, down payment and property. For payment frequency and a full amortization schedule, open the payment calculator; to see what you can borrow, the affordability calculator.
Canadian mortgage math, done right
Every calculator here uses semi-annual compounding — the Canadian legal convention — not the monthly compounding baked into most US tools, so your payment matches what a Canadian lender actually quotes. Your payment is set by the mortgage amount (purchase price minus down payment, plus the CMHC premium when you’re under 20% down), the interest rate, and the amortization period.
The rate is the lever most people get wrong. Banks run a posted/branch rate and a lower broker-channel rate a licensed brokerage accesses — typically 15-30 bps cheaper. The bank-specific calculators above show both, so you can see exactly what the broker channel is worth on your number. When you’re ready, we shop your file across 100+ lenders on one application — the modelled number becomes a real, competitive rate.
Mortgage calculator — FAQ
How does a Canadian mortgage calculator work?
Should I use the generic or the bank-specific calculator?
Is the calculator's rate the rate I'll actually get?
Are these calculators free?
Run these numbers against your city
A payment only means something against a real price. Each market hub carries that city’s sourced average price, the tiered minimum down payment it implies, and the household income needed to qualify after the stress test.
Turn the estimate into a real rate.
Same number, confirmed across 100+ lenders. 5-minute pre-qualification, no bureau pull to begin.