Canadian Mortgage Calculator 2025

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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

Home Price ($)

Down Payment ($)

Annual Interest Rate (%)

Amortization (years)

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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