Canadian Mortgage Calculator
🇨🇦 Semi-annual compounding
CMHC insurance
Stress test
🏠 Mortgage Details
$
$
Enter a home price first
yr
5 – 30 years
%
Annual nominal rate
🇨🇦 Canadian Standard Compounding
Canadian mortgages compound semi-annually (not monthly) as required by the Interest Act of Canada. This calculator uses the correct formula: monthly rate = (1 + r/2)1/6 − 1, which gives lower payments than US-style monthly compounding.
📊 Your Results
📅 Amortization Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance Remaining | Principal / Interest |
|---|