Free Mortgage Calculator
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Calculate your monthly mortgage payment in seconds. Canadian rates, CMHC insurance, amortization schedules, and more — completely free, no data collected.
Input Mortgage Details here. Results will update instantly.
Variable: Your rate moves with the Bank of Canada prime rate — historically lower, but payments may change if prime changes.
Rate locked for the full term — stable, predictable payments
How long your rate is locked in before renewal
Total time to fully pay off the mortgage
At End of 5 Years Term
💡 After your 5 Years term, you will renew the remaining $533,108 balance at the rate available at that time. Shopping for the best renewal rate can save you thousands.
🔒 Fixed Rate — Stress Test
🏛️ The federal mortgage stress test requires you to qualify at the higher of your contract rate + 2% or 5.25%, regardless of your actual rate. This ensures you can handle future rate increases.
Full Amortization Breakdown
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Announcements at 9:45 AM ET
Dates sourced from the Bank of Canada official schedule. MPR = Monetary Policy Report. All times 9:45 AM Eastern Time. Outcomes shown are for informational purposes only.
Mortgage Calculators by City
Localized rates, property taxes, land transfer taxes, and housing data for Canada's top markets
Vancouver, BC
Canada's priciest market with stunning mountain and ocean views. Strong demand, limited supply.
Live Canadian Mortgage Rates
LiveSource: Bank of Canada Valet API · Updated Apr 1, 2021
52-Week Rate History
- Posted 5-yr
Rate Disclaimer: Rates shown are sourced directly from the Bank of Canada Valet API and reflect posted/benchmark rates, not necessarily the best available rates from individual lenders. Actual mortgage rates vary by lender, credit profile, and mortgage terms. The 5-yr Personal Fixed Term rate is a benchmark — contact lenders directly for current offers. All rates are in Canadian dollars (CAD) and are subject to change without notice.
All Financial Calculators
Free tools to help you make smarter financial decisions
Affordability Calculator
Find out how much home you can afford based on your income, debts, and down payment using Canadian GDS/TDS guidelines and the federal mortgage stress test.
Refinance Calculator
Calculate potential savings from refinancing your mortgage.
Rent vs Buy
Compare the true cost of renting versus buying a home.
Closing Cost Calculator
Estimate all closing costs when purchasing a property.
Realtor Commission
Calculate realtor fees and commissions on your home sale.
Renovation Budget
Plan and estimate your home renovation costs.
GDS & TDS Calculator
Check your Gross and Total Debt Service ratios for mortgage qualification.
Net Worth Calculator
Calculate your total net worth including all assets and liabilities.
Student Budget
Plan your student budget including tuition, housing, and living costs.
Student Loan Calculator
Calculate student loan payments and total repayment costs.
Payroll Deductions
Calculate CPP, EI, and income tax deductions on your paycheque.
Homebuyer Resources
First-Time Buyer Guide
Everything you need to know about buying your first home in Canada.
Housing Market Trends
Current trends, price data, and forecasts for Canadian real estate.
City Pricing Insights
Detailed pricing analysis for Vancouver, Toronto, Calgary and more.
Buyer Checklist
Step-by-step checklist for a smooth home purchase process.
<ins> tagFrequently Asked Questions
Quick answers to common mortgage questions
How is a Canadian mortgage payment calculated?
What is the minimum down payment in Canada?
What is CMHC mortgage insurance?
What is the maximum amortization period in Canada?
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