Mortgage Payment Calculator
See what a monthly payment could look like on a given home price, down payment, rate, and amortization.
What this calculator shows
This tool gives a quick estimate of principal-and-interest payments based on the numbers entered. It does not include property tax, home insurance, CMHC premiums on down payments under 20%, or the federal stress test, all of which affect what a lender actually qualifies for. It is a starting point for planning, not a lender commitment.
Common questions
Is this what a lender will actually offer?+
This estimate covers principal and interest only. A lender's real number also weighs credit, income, the property itself, and the qualifying stress-test rate. Bringing these numbers into a conversation is the fastest way to see the real figure.
Does this account for property tax and insurance?+
No. Those vary a lot by municipality and property, so they are left out here to keep the estimate simple. They get added in during an actual application.
Numbers look workable?
Let's see what a lender will actually approve for your situation.
