Mortgage calculator · Canada and USA rules

Know your monthly cost before you fall in love

Canadian and US mortgages work differently. Switch countries to see default insurance and the stress test in Canada, or PMI in the USA.

Home price (CAD)Down payment (%)C$150,000Interest rate (%)Amortization (years)Property tax per year (CAD)Condo or HOA fees per month (CAD)First-time buyer or new build

Estimated monthly cost

C$3,696

≈ US$2,622 at C$1.41 per US$1 (Bank of Canada, Oct 19)

Mortgage: C$3,321
Property tax: C$375
Loan amount: C$600,000
Total interest over 25 years: C$396,251

Stress test: lenders check you could afford about C$4,019/month at 6.50% (the higher of your rate + 2% or 5.25%).

Canadian fixed-rate mortgages compound semi-annually; this calculator does the same. Estimates only, not a quote or financial advice. Talk to a licensed lender or mortgage broker.