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MANROOP SINGHREALTOR® · GTA REAL ESTATE AGENTHomeLife/Cimerman Real Estate Ltd., Brokerage
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Mortgage Payment Tool

Mortgage Payment Calculator

Estimate your payment from the purchase price, custom down payment, interest rate, amortization and payment frequency. When the down payment is below 20%, the calculator also shows a CMHC-based mortgage default insurance estimate where applicable. Use the full monthly-cost tool or a 10-minute consultation to review the wider ownership picture.

01 · Purchase + Down Payment
02 · Mortgage Terms
Estimated payment—Mortgage payment estimate
Down payment—
Mortgage before insurance—
Equivalent monthly outflow—
Estimated balance after 5 years—
Total interest over selected amortization—
Total principal + interest paid—

Need the real monthly number?

The mortgage payment is only one part of the cost.

Property tax, condo fees, utilities, home insurance, maintenance and your own monthly obligations can materially change what feels affordable.

Calculate Full Monthly Cost →Book a 10-Minute Review

Mortgage default insurance is generally relevant to high-ratio purchases with less than 20% down, subject to property, borrower, lender and insurer rules. This website uses the current CMHC homeowner/Home Start premium schedules only as an estimate model for owner-occupied purchase planning; the actual insurer may be CMHC or a private mortgage insurer. Ontario tax on the estimated premium is shown separately because CMHC states provincial sales tax cannot be added to the insured loan. For 3–4 unit properties and other non-standard scenarios, different minimum-equity or underwriting rules may apply. Confirm the exact premium, insurer, eligibility and cash required at closing with your lender or mortgage broker.

Planning estimate only. This tool is educational and is not a mortgage approval, appraisal, legal opinion, tax advice, accounting advice, investment advice or promise of any result. Inputs, rates, taxes, insurance, rebates, lender rules and transaction costs can change and may not apply to your circumstances. Independently verify all material figures with the appropriate lender or mortgage professional, lawyer, accountant/tax professional, insurer, municipality and other qualified advisers before making a real-estate decision.

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