Calculator
Mortgage Payment Calculator
Estimate payments, CMHC insurance, and affordability — all in one place.
Estimated Payment
$3,594.19
per month
CMHC Insurance Required
Your down payment is less than 20%. Mortgage default insurance of $18,135 will be added to your mortgage and amortized over 25 years. Max amortization with insurance is 25 years.
Affordability Check
Optional — enter your income and expenses to see if you qualify. Canadian lenders typically require GDS ≤ 39% and TDS ≤ 44%.
Disclaimer: This calculator provides estimates only and does not constitute financial advice. Actual mortgage rates, insurance premiums, and qualification criteria vary by lender. Canadian mortgages use semi-annual compounding. CMHC premiums are based on current published rates and may change. Contact The Taylor Team for a personalized assessment.