Canadian Mortgage Calculator
See your payment, total interest, and balance at renewal — accounting for Canada's fixed/variable compounding rules, CMHC insurance, and term vs. amortization.
Home & Loan
10.0% of home price
CMHC insurance required (down payment under 20%): 3.10% premium adds $18,135 to your loan.
Renews at whatever rate is available when it ends
Extra Payments
Applied straight to principal on top of your regular payment, every month.
Rate
Variable rate
Moves with prime rate — fixed rates lock in for the whole term
Fixed-rate mortgages compound semi-annually by law in Canada; variable-rate mortgages compound monthly — this tool applies both correctly.
Payment
$3,504/mo
4.99% rate
Total interest
$448,194
over full amortization
Balance at term end
$533,736
what you'll renew with
Balance remainingCumulative principal paidCumulative interest paid
Educational illustration only — not financial or mortgage advice.This tool uses simplified 2026 figures and rules of thumb (CMHC premium tiers, semi-annual/monthly compounding, standard amortization math). It doesn't account for prepayment privileges, penalties, closing costs, property tax/insurance escrow, or lender-specific qualifying rules. Consult a mortgage broker or lender for exact numbers.