$500,000
$100K$2M
$
20%
= $100,000
5%50%
CMHC insurance required for down payments under 20%
%
$
$
$
Your Monthly Payment
$2,315
Principal + Interest
Mortgage Amount
$400,000
CMHC Insurance
$0
Total Mortgage
$400,000
Property Tax
$333
Insurance + Utilities
$400
True Monthly Cost
$3,048
Total Interest
$189,234
Total Paid
$589,234
First-Time Buyer benefits may apply!
Payment Breakdown
If Rates Change...
Rate +1%
+$120/mo
Rate -1%
-$115/mo
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Disclaimer: This calculator provides estimates for informational purposes only. Actual mortgage terms, rates, and payments will vary based on lender criteria and market conditions. CMHC insurance premiums are based on current rates and may change. Consult a mortgage professional for accurate quotes.