Mortgage Calculator

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Results

House price
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Down payment
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Loan amount
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CMHC amount
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Mortgage amount (loan + CMHC)
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Total payments
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Total interest
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Pay off date
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Mortgage payment (monthly)
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Monthly property tax
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Home insurance (monthly)
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Condo / HOA fee (monthly)
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Other costs (monthly)
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Monthly extras total
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What this calculator does

This calculator estimates your monthly mortgage payment from a home price, down payment, interest rate, and amortization period. It also shows totals over the life of the mortgage, like total interest paid and payoff date.

How the calculation works

The monthly payment is computed using the standard loan amortization formula. If mortgage default insurance (CMHC or similar) applies, the premium is added to the mortgage amount, which increases the payment.

Optional monthly costs

Property tax, insurance, and condo/HOA fees are shown separately as “extras.” They are not part of the mortgage payment itself, but they affect your real monthly carrying cost.