Built on correct Canadian semi-annual compounding — the same math your lender uses. Enter your home price, down payment, rate, and amortization to see your payment, total interest, and CMHC details instantly.
How this works. Canadian mortgages compound interest semi-annually by law (not monthly). This calculator applies the correct effective monthly rate. CMHC rates shown are 2024 standard rates for owner-occupied homes. Actual rates, terms, and conditions vary by lender. This is an independent tool, not financial advice — consult a licensed mortgage professional before making decisions.