Mortgage payment calculator
Estimate your mortgage payment in Ontario, including default insurance (CMHC) when you put down less than 20%, for every payment frequency.
Mortgage rules last reviewed: September 29, 2026
- Down payment
- $190,000 (20.0%)
- Mortgage before insurance
- $760,000
- Default insurance (CMHC)
- Not required (20%+ down)
- Total mortgage
- $760,000
- Monthly
- $4,372.73
- Bi-weekly
- $2,018.18
- Accelerated bi-weekly
- $2,186.36
- Weekly
- $1,009.09
- Accelerated weekly
- $1,093.18
- Interest at monthly payments
- $551,818
- Interest paying monthly
- $551,818
- Paid off in (monthly)
- 25 years
For illustration only. Not a rate quote, approval or pre-qualification.
How this is calculated
- Canadian fixed-rate mortgages compound semi-annually; this calculator does the same.
Calculator disclaimer
Calculators are provided for general informational and illustrative purposes only.
Results are estimates and may not reflect lender-specific qualification requirements, mortgage-insurance premiums, taxes, fees, available products, payment calculations or other transaction costs.
Calculator results do not constitute:
- Mortgage approval
- Pre-approval
- A rate commitment
- A lending commitment
- Financial advice
- Tax advice
- Or legal advice
Mortgage rules, rates and lender requirements can change.
For advice about your specific circumstances, speak with the appropriate licensed professional.
But how does this apply to your business income?
This calculator estimates the numbers you entered. How a lender treats your salary, dividends or business income is a separate question, and it's the one the Mortgage Readiness Review looks at first.