Mortgage Payment Calculator Canada – 2025 Updates & CMHC Changes
Use our feature-rich mortgage payment calculator to get real-time estimates on your mortgage payments. Whether you’re a first-time homebuyer, refinancing, or investing, this tool provides precise insights tailored to your financial goals based on the latest Canadian mortgage regulations.
✅ Compare Fixed & Variable Rates 📊
✅ Adjust Your Down Payment & Interest Rates 🔧
✅ Optimize Your Payment Frequency 🔄
✅ Accurate Mortgage Insurance & CMHC Calculations 📈
Mortgage Payment Calculator Canada – The Genesis Group
Easily estimate your mortgage costs with Canada’s most trusted calculator.
🔢 What You Can Do with This Calculator
✔ Calculate mortgage payments online – Quick, simple, and free.
✔ Compare different down payments & amortization terms – See how your payments change.
✔ Instantly view fixed vs. variable rate payments – Understand how interest rates affect your mortgage.
✔ Save & download a personalized mortgage report – Share your results with lenders or financial advisors.
📌 Canada’s mortgage market is changing. With CMHC insurance now available up to $1.5M and new 30-year amortizations for first-time buyers & new builds (Dec 15, 2024), our calculator helps you stay ahead.
Why Use Our Mortgage Payment Calculator?
🏆 Trusted by Thousands of Canadians for Accurate and Reliable Results
✅ Fast & Easy to Use – Intuitive design with real-time updates.
✅ Accurate & Up-to-Date – Uses the latest Canadian mortgage rates and regulations.
✅ Personalized Insights – Custom-tailored for first-time buyers, refinancers, and investors.
✅ Speak to an Expert – Get free mortgage advice from The Genesis Group professionals.
🗣️ “This tool helped me plan my mortgage with confidence—highly recommended!” – Verified User
⭐⭐⭐⭐⭐ Rated 5 Stars by Thousands of Satisfied Users
📌 Award-Winning Mortgage Brokerage | Backed by Certified Financial Experts
- ★★★★★ Rated by satisfied users
- Award-winning mortgage brokerage
- Accurate calculations backed by financial experts
How to Calculate Mortgage Payments in 2025?
🔹 Step 1: Enter Your Mortgage Details
- Home price, loan amount, interest rate, and amortization period.
🔹 Step 2: Adjust to Fit Your Needs
- Customize your down payment, payment frequency, and loan type.
🔹 Step 3: Get Instant Results
- View your monthly payments, total interest paid, and mortgage insurance (if applicable).
Compare Two Mortgage Scenarios Instantly
Use our tool to compare different down payments, interest rates, and payment frequencies to see how they affect your monthly payments.
📌 New CMHC Mortgage Insurance Cap:
- CMHC insurance now applies to homes up to $1.5M (previously $1M).
- If your home is over $1.5M, a 20% minimum down payment is required.
Mortgage Size
Default insured mortgage cap is $1.5M. First-time buyers & new builds can have up to 30-year amortizations (from Dec 15, 2024).
Down Payment & Property Type
Payment Frequency
Interest Rate
Amortization
Home Expenses
Rental Income
Check if you rent out part of your home.
Accelerated Payments & Pre-payments
Make a lump sum on your mortgage right away.
Extra principal applied once per year.
Advanced Settings
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Monthly Mortgage$0.00
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Home Expenses$0.00
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Other Expenses$0.00
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Rental Income$0.00
Mortgage Size: $0
Down Payment: $0
Mortgage Insurance: $0.00
Details
Powered by the Genesis Group
Comparison: Your Scenario vs. Minimum 5% Down
Your Scenario (Below 5% Down)
Payment ignoring insurance: $0.00
Minimum 5% Down Scenario
Payment with insurance (5% down): $0.00
Compare Two Scenarios
Quickly see how different down payments or rates affect your monthly payment.
Scenario B Result
Monthly Payment: $0.00
Interest Paid Over Term: $0.00
Mortgage Insurance: $0.00
Disclaimer:
The tools and features on this website provide estimates and perform calculations for illustrative purposes only. They rely on various assumptions that may not account for every individual situation. For accurate and personalized guidance, we recommend consulting with a Genesis Group mortgage expert. The Genesis Group does not guarantee the accuracy, reliability, or completeness of these tools or their calculations.
💡 Frequently Asked Questions About Mortgage Payments
What is the minimum down payment required for homes in Canada?
The minimum down payment depends on the home price:
- 5% for the first $500,000
- 10% for the portion between $500,000 – $1.5M
- 20% required for homes above $1.5M (CMHC insurance not available)
How does my down payment affect my mortgage?
A higher down payment means:
- Lower monthly mortgage payments
- Less interest paid over time
- No CMHC mortgage insurance required (if 20% down or more)
Do I need mortgage insurance if my home price is over $1M?
New CMHC Rules (2024 Update):
- If your home price is between $1M and $1.5M, CMHC insurance applies if your down payment is less than 20%.
- If your home price is above $1.5M, a 20% down payment is mandatory, and CMHC insurance is not available.
Can I use gifted money for a down payment?
Yes! You can use gifted funds from an immediate family member, but your lender may require a gift letter confirming it’s not a loan.
How does CMHC mortgage insurance affect my mortgage payment?
If your down payment is less than 20%, CMHC insurance is added to your mortgage, increasing your total monthly payment. The premium depends on your loan-to-value (LTV) ratio.
Can I use this calculator for rental or investment properties?
Yes! Investment properties typically require a minimum 20% down payment, and CMHC insurance does not apply.
📞 Speak to a Mortgage Expert – Free Consultation
🚀 Need help choosing the best mortgage rates, terms, or down payment options? Our licensed mortgage brokers will guide you through the process.
📌 Book a FREE consultation today & get expert mortgage advice!
🔗 Trusted Mortgage Resources in Canada
✅ Government of Canada – CMHC Mortgage Rules
✅ Canada Mortgage Stress Test Guidelines
