Mortgage Planner Canada
Estimate mortgage payments using down payment, amortization, a national effective-rate baseline, and ownership costs to validate affordability.
Mortgage planning
Mortgage planner Canada for payments and affordability
Estimate monthly mortgage payments from home price, down payment, amortization, and the national average effective rate. Add condo fees, property tax, and insurance to see a full housing cost picture before shopping lenders.
Popular planning scenarios
Methodology note
Payment estimates use the entered home price, down payment, amortization period, payment frequency, and interest rate assumption. They do not include CMHC insurance premiums, land transfer tax, legal fees, or investment return comparisons. Confirm numbers with a lender or mortgage broker.
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Quick answers
- Are the rates live?
- No. The planner starts with the Bank of Canada national average effective rate, published monthly with a lag of a few months, so you can model scenarios quickly. Enter a custom rate to reflect a lender quote.
- Does this include CMHC insurance?
- Not automatically. CMHC premiums apply when your down payment is under 20% — add them manually to the total if needed.
Data, sources, and assumptions
Results combine Canadian tax rules, city cost baselines, and market assumptions versioned with the site code.