Mortgage Calculator

Debt Service Calculator

This calculator will help you compare the level of your monthly debt and housing expense payments to your gross monthly household income. Your Mortgage Professional will perform this assessment when qualifying you for a mortgage.

Monthly Housing Expenses
Mortgage (principal & interest) ($)
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Heating ($)
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Property taxes ($)
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Condo fees ($)
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Monthly Debt Payments
Gross Annual Income

Premium Calculator

The CMHC Mortgage Loan Insurance premium is calculated as a percentage of the loan and is based on the size of your down payment.

Mortgage Details
* Purchase Price ($)
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* Down Payment ($)
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* Amortization Period (years)
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Calculation Notes
The cost of the CMHC Mortgage Loan Insurance is in the form of a premium. It can be paid in a single lump sum or it can be added to the mortgage and included in monthly payments. Users should consult the disclaimer prior to using this tool. See Table of Premiums (opens in a new window)

Household Budget Calculator

Use this calculator to compare your income with your current or planned expenses and debt payments and see what kind of mortgage you can comfortably fit into your budget.

Top of Form
Monthly Net Income*
Your family’s monthly total combined take-home pay (after taxes and deductions).

Monthly Expenses
Click on the name of each category of expenses below and enter the monthly amounts for the items that apply to you.
Housing
Mortgage (principal & interest) ($)
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Condo Fees ($)
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Property taxes ($)
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Heating ($)
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Electricity ($)
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Water ($)
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Maintenance/repairs ($)
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Communications
Household
Entertainment
Financial
Insurance
Medical/Health
Transportation

Mortgage Payment Calculator

Want to know how much and how often your mortgage payments will be? Use this calculator to compare options and find one that’s right for you.

Mortgage Details
* Mortgage Amount ($)
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* Mortgage Interest Rate (%)
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* Amortization (years)
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* Payment Frequency
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Calculation Notes
To calculate an amount for you, we’ve assumed the interest rate is fixed over the entire amortization period. In fact, interest is usually renegotiated at the end of each mortgage term, when rates may be higher or lower. Other options, such as a variable interest rate, can also result in a different payment amount. For more information, contact your mortgage professional.

Mortgage Affordability Calculator

To help you estimate the maximum mortgage you can afford, CMHC has developed the following easy-to-use mortgage tool.

Your Information
* Gross Monthly Household Income ($)
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Monthly Debt Payments ($)
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Anticipated Monthly Expenses
Borrowing Details