Plan your purchase
Mortgage calculator
A quick estimate of what a home might cost you each month — built for Canadian mortgages, with semi-annual compounding and CMHC insurance factored in automatically.
Estimated monthly payment
$3,021
or $1,511 bi-weekly
- Mortgage amount
- $520,000
- Total interest
- $386,416
Estimate only. Canadian rates compound semi-annually; figures exclude property tax, condo fees and insurance. Confirm with your lender or mortgage broker.
Rental cashflow
Monthly cashflow estimate
Estimate whether a rental property carries itself after the mortgage and common operating expenses.
Estimated monthly cashflow
-$1,071
-$12,857 per year
- Monthly rent
- $2,800
- Mortgage payment
- $3,021
- Total expenses
- $3,871
Cashflow is an estimate only and excludes income tax, repairs above reserve, vacancy beyond allowance, legal costs and closing costs.
How much do I need down?
5% on the first $500k, 10% on the portion above, and 20% for homes over $1M. Under 20% means CMHC insurance applies.
What's CMHC insurance?
Mortgage default insurance required on smaller down payments. The premium is added to your mortgage — the calculator does this for you.
What's not included?
Property taxes, condo or HOA fees, home insurance and closing costs. I can help you budget for all of these.
Want the real numbers for a specific home?
I'll connect you with a trusted local mortgage broker and walk through the full picture together.
Talk it through with AJ