Mortgage & Affordability Calculator
Estimate your monthly payments, CMHC insurance, stress test qualification, and land transfer taxes — all based on 2026 Canadian rules.
Typical range: $100K - $2M
= $25,000.00 (5.00%)
Typical range: 1% - 10%
First-time buyers receive up to $4,000 rebate (homes up to $368,000 pay no LTT).
Estimated Monthly Payment
$2,873.13
over 25 years at 5.00%
Down Payment
$25,000.00
5.00% of purchase price
Mortgage Amount
$475,000.00
Before CMHC insurance
CMHC Insurance
$19,000.00
Premium rate: 4.0%
Total Mortgage
$494,000.00
Mortgage + CMHC premium
Stress Test Qualification
You would need to qualify at 7.00% (contract rate + 2% or 5.25%, whichever is higher).
Stress test monthly payment: $3,460.05
Total Interest Paid
$367,938.59
Over 25 years
Total Cost of Home
$886,938.59
Purchase + interest + CMHC
See what you actually qualify for
Our mortgage team can run your full pre-approval numbers and find you the best rate — free, no obligation.
Learn more
- Understand how your amortization period affects your monthly payments and total interest paid.
- See how the mortgage stress test determines the rate you must qualify at — typically 2% above your contract rate.
- If your down payment is under 20%, learn how CMHC mortgage insurance premiums are calculated and added to your mortgage.