Calculate your monthly mortgage payment, total interest paid, CMHC insurance, and stress test qualification — all in one place. Updated for 2026 Canadian rates.
To qualify for a Canadian mortgage, you must pass the stress test — you must be able to afford payments at the higher of 5.25% OR your actual rate + 2%. At today's 4.69% rate, you must qualify at 6.69%. This ensures you can still afford your mortgage if rates rise. The stress test applies to all insured and uninsured mortgages in Canada.
| Mortgage Type | Rate | Payment on $500K / 25yr |
|---|---|---|
| 5-year fixed | 4.69% | $2,844/mo |
| 5-year variable | 4.25% | $2,721/mo |
| 3-year fixed | 4.54% | $2,800/mo |
| 2-year fixed | 4.84% | $2,880/mo |
| 10-year fixed | 5.29% | $3,022/mo |
Rates updated March 2026. Always get quotes from 2–3 lenders or use a mortgage broker to find the best available rate for your situation.
| Down Payment % | CMHC Premium | On $500,000 home |
|---|---|---|
| 5% ($25,000) | 4.00% of loan | $19,000 |
| 10% ($50,000) | 3.10% of loan | $13,950 |
| 15% ($75,000) | 2.80% of loan | $11,900 |
| 20%+ ($100,000+) | $0 (no CMHC) | $0 |
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