Mortgage estimate

Mortgage calculator

This is an estimate, not financial advice. It uses Canadian minimum down-payment rules and CMHC published insurance premiums, with interest compounded semi-annually. A lender’s quote may be different.

Purchase price Down payment Minimum down payment: $55,000 Interest rate (annual) Enter the annual rate your lender quoted. The figure shown first is only a sample, not today’s market rate.

Amortization

25 years 30 years

Monthly payment

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Bi-weekly payment

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Estimated CMHC premium

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Estimated mortgage amount

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This calculator is an estimate, not financial advice. CMHC premiums follow the published homeowner schedule. A 0.20% surcharge is included when the amortization is 30 years and insurance applies. Insured 30-year mortgages have eligibility limits. British Columbia does not add provincial sales tax to the premium in this estimate. Talk to Mohsen or a mortgage professional before you decide.

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