Calculate your payments
What is the cost of the property you would like to buy?
Choose your down payment amount.
Single family dwellings, condos and duplexes:
- Minimum down payment of 5% on the portion of the purchase price less than or equal to $500,000
- Minimum down payment of 10% on the portion of the purchase price over $500,000
Triplexes and quadruplexes: Minimum down payment of 10% for owner-occupied properties
For any property with a purchase price equal to or greater than $1,000,000: minimum down payment of 20%
Choose your repayment period.
Down payment of 20% or less: Repayment period cannot be longer than 25 years.
Down payment of more than 20%: Repayment period cannot be longer than 30 years.
Enter the interest rate of your mortgage.
Your mortgage loan1 amount will be:
With insurance premium (CMHC/SagenTM *):
Your payments will be:
Two other payment options
$209.18every two weeks
22 years, 7 months $104.59per week
22 years, 7 months
Where do these savings come from?
- considerable interest savings
- a shorter repayment period (amortization).
Do your calculations
Little details that matter
TM Sagen is a trademark of Genworth Financial Canada, the mortgage insurance company
*Formerly known as Genworth.
1 The data generated by this calculator is approximate and does not create any legal or contractual obligation for National Bank and its subsidiaries. The granting of financing remains, at all times, subject to the credit approval of the National Bank. Certain conditions apply. The client agrees to have their personal situation in relation to any product described in these pages validated and analyzed with their accountant, tax expert, and a National Bank advisor.
Get your project off to a good start