Find out how much your monthly payments, and interests will be. Built for Canadian rules: semi-annual compounding, CMHC tiers, Ontario LTT, and federal stress test.
Down payment + LTT + estimated legal/title + CMHC PST (if applicable). Doesn't include moving costs or inspection.
Mortgage payment + property tax + heating + condo fee. The full monthly carrying cost per scenario.
Principal vs. interest paid each year, plus remaining balance. Pick which scenario to view.
| Year | Principal paid | Interest paid | Total paid | Balance remaining |
|---|
What if rates rise when you renew? Monthly payment for Scenario A at the contract rate, +1%, +2%, +3%.
For illustrative purposes only. Canadian mortgages compound semi-annually. CMHC premiums shown are standard rates (4.00% / 3.10% / 2.80%) for owner-occupied homes. Federal stress test rule uses the greater of (contract rate + 2%) or 5.25%. Actual rates and lender approvals vary. Consult a licensed mortgage professional before committing.
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