Canadian Mortgage Math
Mortgage Payment Calculator
Semi-annual compounding, stress test qualification, and CMHC insurance — all built in.
Loan Details
Monthly Payment
$3,015.33
Total Interest
$410,600.18
Over 25 years
Total Cost of Mortgage
$904,600.18
Principal + Interest
CMHC Insurance Required
$19,000.00
Premium rate: 4.00% — Added to mortgage
Total mortgage: $494,000.00
Stress Test Qualifying Payment
$3,613.88
Qualifying rate: 7.50% (contract +2% or 5.25%)
Calculations use Canadian semi-annual compounding. Results are estimates only — actual rates and payments may vary. Contact Jay for a personalized quote.
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