🏠 Mortgage 2026
Mortgage Calculator 2026
Monthly payments with Canadian compounding, CMHC auto-calculated, full interest analysis.
Mortgage Details
Payment Amount
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Total Mortgage (incl. CMHC)
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CMHC Insurance
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Ontario PST on the insurance premium (paid at closing)
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Ontario PST on the insurance premium (paid at closing)
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Effective Rate
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Total Interest Paid
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Total Amount Paid
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Frequently Asked Questions
Why does Canada use semi-annual compounding?
The Interest Act requires Canadian mortgages to compound no more than semi-annually. This means the quoted annual rate must be converted to an effective monthly rate: (1 + rate/2)^(1/6) - 1. Our calculator does this automatically.
When is CMHC insurance required?
CMHC mortgage insurance is mandatory when your down payment is less than 20% of the purchase price. The premium ranges from 2.8% to 4.0% of the insured amount and is typically added to your mortgage balance.