Canada Mortgage Calculator guide
Canadian borrowers navigate provincial property taxes, CMHC or private mortgage insurance, and accelerated payment plans that are common with major lenders. This Canada mortgage calculator starts with realistic defaults for interest, tax, and insurance while letting you customize every field. It includes monthly and biweekly options, extra payments, and escrow-like costs so you can see your true carrying cost before you write an offer.
Property taxes vary by province and municipality. The calculator uses a percentage of the home price to estimate monthly taxes, but you can adjust to match your local rate. Home insurance is included as an annual input, reflecting typical requirements from Canadian lenders. Condo fees or maintenance charges can be entered as HOA dues, capturing the full cost of ownership in markets with high-rise inventory.
Mortgage default insurance is critical when your down payment is below 20 percent. We model PMI as a percentage of the outstanding balance and show how long it persists. By adding extra payments—monthly, yearly, or one-time—you can accelerate equity building and reduce both PMI duration and total interest. The payoff date adjusts instantly, giving you a clear view of the savings tied to each strategy.
Canadian lenders often promote accelerated biweekly or weekly plans. Switching to biweekly in the calculator simulates 26 half-payments per year and compares the timeline against a standard monthly plan. Escrow items remain evenly distributed so the payment reflects how most servicers collect taxes and insurance. A sticky payment bar keeps the total visible as you scroll, and the breakdown clarifies principal and interest versus taxes, insurance, and fees.
Charts are optimized for performance with lazy loading and small bundles. The donut chart shows how your payment splits across categories, while the line chart tracks declining balance versus cumulative interest. Both charts pull from the amortization data, ensuring consistency across the page and giving you visuals to share with family or advisors.
The amortization table includes monthly and yearly tabs with horizontal scrolling for mobile usability. Totals remain clear without shrinking text, and a badge marks the payoff period. For SEO, this page ships with unique metadata, internal links to U.S., U.K., and Australia calculators, and FAQ schema that addresses Canadian-specific topics like CMHC, provincial taxes, and accelerated payments.
PWA support lets you install the calculator on your phone and use it offline during showings or broker meetings. Ads wait for a confirmed online state and are placed well away from inputs to maintain compliance. Safe-area padding keeps the UI comfortable on devices with display cutouts.
For publishers and creators, the codebase is modular and ad-safe, making it easy to embed or extend. For homebuyers, it delivers trustworthy numbers with Canadian defaults and the flexibility to model any province or insurer scenario.