Canadian Mortgage Calculators
Free calculators for the Canadian mortgage market — stress test, CMHC insurance, provincial land transfer tax, FHSA and renewal planning. All figures in CAD.
Core Calculators
Monthly payment with semi-annual compounding and full amortization schedule in CAD.
Maximum home price using GDS and TDS ratios under the OSFI stress test.
Compare two mortgage offers — rate, term, fees and total interest paid.
IRD vs three-month interest penalty estimate for breaking your mortgage early.
See how lump sums and increased payments shorten your amortization.
Qualify at the higher of 5.25% or contract rate plus 2% under B-20 rules.
Down Payment & Insurance Calculators
Minimum down payment based on price (5% / 10% / 20%) and CMHC eligibility.
Default insurance premium for high-ratio mortgages (under 20% down).
Compare CMHC, Sagen and Canada Guaranty premium structures side-by-side.
Total cost of an insured mortgage versus a 20%+ down conventional one.
First Home Savings Account growth, contributions and tax benefits.
First-Time Buyer Calculators
Down payment, RRSP HBP, FHSA and land transfer rebates for first buyers.
Federal $10,000 non-refundable tax credit value for eligible first buyers.
Land Transfer & Tax Calculators
Provincial land transfer tax for Ontario, BC, Alberta, Quebec and more.
First-time buyer LTT rebate amounts in Ontario, BC, PEI and Toronto.
Annual municipal property tax estimate by city and assessed value.
Multigenerational and accessibility renovation tax credit estimates.
Refinance & Renewal Calculators
Compare a straight renewal with refinancing to access equity or lower rates.
Total cost of switching lenders at renewal including discharge and legal fees.
Compare fixed vs variable, 3-year vs 5-year terms with full lifetime cost.
Static-payment vs adjustable-payment variable mortgage projections.
Cost of porting your existing rate and term to a new property.
Short-term financing cost between buying and selling closing dates.
Provincial discharge, legal and registration fees when paying off a mortgage.
Specialty Calculators
Gross and net rental yield plus cap rate for Canadian rental properties.
Stated income and add-back qualification for BFS borrowers.
Down payment, foreign buyer tax and lender requirements for non-residents.
Estimated cost of a Real Property Report or surveyor certificate.
Legal, title insurance, adjustments and total closing day cash needed.
About Canadian Mortgages
Canadian mortgages are typically structured with a 25-year amortization (30 years for uninsured borrowers) but a much shorter term — most commonly 5 years fixed. At the end of each term, you renew with your existing lender or switch to a new one. Interest is compounded semi-annually rather than monthly, which means a posted Canadian rate is slightly less expensive than the same rate in the US.
The federal mortgage stress test, set by OSFI under Guideline B-20, requires borrowers to qualify at the greater of 5.25% or their contract rate plus 2%. This applies to all federally regulated lenders for both purchases and refinances. Down payments under 20% require default insurance through CMHC, Sagen or Canada Guaranty, with premiums added to the loan balance.
Provincial land transfer tax is one of the largest closing costs — Toronto adds a municipal LTT on top of the Ontario provincial tax, while Alberta, Saskatchewan and rural Nova Scotia have no LTT at all. First-time buyers can claim provincial rebates plus the federal $10,000 non-refundable tax credit and use the FHSA and RRSP Home Buyers' Plan to assemble a tax-advantaged down payment.
Key Regulators & Programs
- Bank of Canada (BoC) — sets the overnight rate that drives prime and variable mortgage rates
- OSFI — Office of the Superintendent of Financial Institutions; sets the B-20 stress test
- CMHC — Canada Mortgage and Housing Corporation; default insurer and policy authority
- Sagen & Canada Guaranty — private default insurers competing with CMHC
- FCAC — Financial Consumer Agency of Canada; consumer protection oversight
- FHSA, RRSP HBP, First-Time Home Buyer Tax Credit — federal first-buyer support programs