Canadian Standard

Mortgage Calculator

Accurate Canadian mortgage calculations with semi-annual compounding, CMHC insurance, and OSFI B-20 stress test — as required by Canadian federal regulations.

Loan Parameters

$150,000 (20.00% of price)

%

Semi-annual compounding per Canadian Interest Act

Disclaimer: This calculator provides estimates only. Rates and terms are subject to lender approval. CMHC premiums are subject to applicable PST/HST in your province. Consult a licensed mortgage professional for personalized advice.

Monthly Payment

$3,555

$600,000 total loan · 25 yr amortization · 5.19%

Total Interest

$466,443

Total Cost

$1,216,443

Stress Test

$4,273/mo

Loan Breakdown

Purchase Price$750,000
Down Payment− $150,000 (20.00%)
Mortgage Principal$600,000

OSFI B-20 Stress Test

To qualify for this mortgage, your lender will verify you can afford payments at the qualifying rate of 7.19% (your rate of 5.19% + 2%, or 5.25%, whichever is higher).

Contract Rate Payment

$3,555/mo

Qualifying Payment

$4,273/mo