About Canada Mortgage Calculator XYZ

Canada Mortgage Calculator XYZ is a free mortgage calculator built for people buying or renewing a home in Canada. It shows your payment, the cost of CMHC mortgage insurance, and how much interest you pay over time, using the rules Canadian lenders actually follow.

Why it exists

Many online calculators use U.S. assumptions. Canadian fixed-rate mortgages compound interest twice a year, insured mortgages carry a CMHC premium that depends on your down payment, and the rules around amortization and the $1.5 million insured limit changed in December 2024. This site is built around those Canadian details.

How the numbers are worked out

• Fixed rates compound semi-annually and variable rates compound monthly, then the rate is converted to match your payment frequency.
• CMHC premiums are 4.00%, 3.10% or 2.80% of the loan depending on your down payment, plus 0.20% for a 30-year amortization.
• The minimum down payment is 5% of the first $500,000 and 10% of the price between $500,000 and $1.5 million. At $1.5 million or more, 20% is required.
• The stress test uses the higher of your rate plus 2 percentage points or 5.25%.

Who runs it

Canada Mortgage Calculator XYZ is an independent site run by Online Matters Ltd. It is not connected to CMHC, Sagen, Canada Guaranty, or any bank, lender or mortgage broker.

How it is funded

The calculator is free to use. The site is supported by advertising from Google AdSense. Ads do not change your results.

Accuracy

Results are estimates. Your lender may round payments differently and may apply fees or conditions that are not included here. Please confirm figures with your lender or a licensed mortgage professional before you make a decision. If you spot a mistake or an out-of-date rule, use the contact form and it will be checked.