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PLAN YOUR PURCHASE / CANADIAN DOLLARS

Your home budget.
See the numbers.

Explore your estimated monthly mortgage payment. Compare down payments, CMHC insurance and interest rates in a few simple steps.

The starting figures and interest rate are illustrative, not a rate offer. This tool does not assess mortgage qualification.

Your estimate.

First-time home buyer (FTHB)?
Buying a newly built home?

For an insured 30-year estimate, you must be a first-time buyer or buying a newly built home. Your lender must confirm eligibility.

Calculations happen in your browser. Your entries are not sent to Preet or saved by this calculator.

ESTIMATED MONTHLY MORTGAGE

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Estimated monthly payment

Purchase price
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Down payment
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Base mortgage
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CMHC insurance (financed estimate)
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Total mortgage principal
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Interest rate / amortization
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Monthly mortgage payment
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If the rate changes

Monthly payments for the same mortgage and amortization, in 0.2 percentage-point steps up to 5%. The selected rate and 5% are shown for context. This is not a lender stress test or renewal forecast.

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How to read your estimate.

Payments use a fixed nominal annual rate compounded twice a year, with monthly payments. Actual lender calculations and variable-rate products may differ. The CMHC insurance estimate uses standard CMHC owner-occupied premium tiers for down payments below 20%, with the applicable 30-year surcharge. Lender approval and insurer eligibility still apply.

Closing costs, land transfer taxes, sales tax on any default-insurance premium, repairs and other expenses are not included. Property taxes, home insurance, condo fees and utilities are not included. Sales tax on the insurance premium is payable separately and cannot be added to the mortgage.

Rules checked November 13, 2026. Sources: FCAC down payments, FCAC payment example, CMHC premiums. Estimates are for planning, not a mortgage quote, approval or financial advice.

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