Mortgage payment
See your monthly payment with interest, insurance, property tax and strata.
Twice a year, not monthly. This calculator does the same.
A lender checks that you could pay at your rate plus 2 points, or 5.25% if that is higher.
No. Only a lender can pre-approve you, after checking your documents and credit.
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Source: OSFI and CMHC rules. Semi-annual compounding and the CMHC premium table.
An estimate, not a loan offer, a pre-approval or financial advice. Your rate, payment and qualification depend on your lender and credit; confirm with a licensed mortgage broker or your lender.