Mortgage payment calculator.
Drag the inputs and watch the payment, the default-insurance premium, and the total interest recalculate in real time. Everything runs in your browser — nothing is sent anywhere.
Monthly payment
$3,185/mo
$600,000
Mortgage amount
$0
CMHC premium
80%
Loan-to-value
Total interest / term
$355,639
Balance at term end
$523,139
Principal, 5-yr term $76,861
Interest, 5-yr term $114,267
Paid over 5 years $191,128
Illustrative estimate. Assumes a fixed rate held for a 5-year term with Canadian semi-annual compounding. CMHC premium applies to insured (under 20% down) mortgages and is estimated by standard bands. Actual figures depend on your lender, product and approval. Not an offer of credit.