Calculates monthly payments with CMHC insurance • All amortization periods • Updated 2025
Find out exactly what your mortgage payments will be. This calculator factors in Canadian mortgage rules including CMHC mortgage insurance for down payments under 20%.
Mortgage Payment Calculator
Canadian Mortgage Rules in 2025
In Canada, mortgage rules are set federally and affect all insured mortgages. Key rules for 2025 include:
Minimum 5% down payment on homes up to $500,000
5% on first $500K + 10% on remainder for homes $500K–$999,999
20% minimum for homes $1,000,000 and above (uninsured)
Maximum 30-year amortization for insured mortgages on new builds (2024 change)
Understanding CMHC Mortgage Insurance
If your down payment is less than 20%, you must pay CMHC mortgage default insurance. The premium is added to your mortgage principal:
5–9.99% down: 4.00% premium
10–14.99% down: 3.10% premium
15–19.99% down: 2.80% premium
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