?
?
?
Get This Low Rate
?
?
?

Mortgage cost breakdown

Monthly Payment

CMHC Insurance

If your down payment is below 20%. Under the regulations of the Office of the Superintendent of Financial Institutions (OSFI), you are required to purchase mortgage default insurance, also known as CMHC insurance.

For more information, see the Glossary and FAQ below.

Amorization Chart

Important Note for Self-Employed Home Buyers

Most home buyers will obtain a mortgage from an A-lender, usually a major bank or credit union. However, many self-employed home buyers experience difficulty passing their federally regulated stress tests. Your affordability may be significantly reduced if you apply for a mortgage at an A-lender institution.

Read More…

Which Mortgage Is Right For You?

What is an open mortgage?

What is a closed mortgage?

Prepayment Charges

Comparison: Variable vs. Fixed Mortgage Rates

Fixed Mortgage Rates

Variable Mortgage Rates

Glossary and FAQ

Down Payment

Amortization

Term

Interest Rates

Payment Frequency

Please note this calculation is used for demonstration purposes only, to demonstrate to maximum potential second mortgageamount as well as monthly payments calculated based on interest-only payments (no amortization), with an interest rate of 12%. Please note the Borrower subject to credit and underwriting approval. Not all borrowers will be approved for conventional financing or equity financing. Receipt of borrower’s application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, Annual APR is subject to approval and underwriting, APR includes all fees and rate which is calculated on a yearly term. APR varies contact us for current rates or more information on a specific product. OAC*

This calculator is provided for general information purposes only. Yourmortgagecalculators.ca does not guarantee the accuracy of amounts shown, and is not responsible for any consequences of the use of the calculator.

Yourmortgagecalculators.ca does not guarantee the accuracy of the mortgage rates shown online. Yourmortgagecalculators.ca is not a mortgage brokerage or involved in any mortgage lending, we refer our clients to Citadel Mortgages that is a licensed mortgage brokerage. *Rates shown are on approved credit and subject to change without notice.

Please note borrower subject to credit and underwriting approval. Not all borrowers will be approved for conventional financing or equity financing. Receipt of borrower’s application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, Annual APR is subject to approval and underwriting, APR includes all fees and rate which is calculated on a yearly term. APR varies contact us for current rates or more information on a specific product. OAC

All mortgages provided by Citadel Mortgages – FRSA 12993