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Estimate what a home costs per month in Canada. Enter a price, down payment, rate and amortization and the calculator returns your payment for every Canadian frequency — monthly, semi-monthly, bi-weekly, weekly and the accelerated options — with the CMHC minimum down payment and insurance premium applied automatically when your down payment is under 20%.
Fixed-rate payments assume semi-annual compounding (the Canadian convention). Minimum down payment and CMHC premium tiers verified 2026-10-07 from CMHC. Estimates only — not financial advice; actual rates and qualifying rules come from your lender.
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Canadian fixed-rate mortgages compound semi-annually, unlike the US monthly convention. The calculator converts your quoted rate to the true period rate before computing payments; variable-rate mortgages compound monthly.
Per CMHC: 5% of the purchase price up to and including $500,000; above that, 5% of the first $500,000 plus 10% of the remainder. At $1,500,000 or more, mortgage loan insurance is unavailable, so 20% applies.
When your down payment is under 20%. The premium is a one-time charge on the loan amount (4.00% at 90.01–95% LTV, stepping down by LTV band) and is usually added to the mortgage.
Accelerated bi-weekly payments are the monthly payment split in two — you make the equivalent of 13 monthly payments a year, which shortens the amortization without changing your budget.
No — estimates only, not financial advice. Your lender qualifies you against its own rules (including stress-testing) and offers the actual rate.