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
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.