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Property price

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Down payment

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  • 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%

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.

Interest rate

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$392.92 per month

Your mortgage loan1 amount will be:

  • $98,800

  • With insurance premium (CMHC/SagenTM */Canada GuarantyTM): $16.09

Your payments will be:

  • $418.37 per month

Two other payment options

  • $209.18 every two weeks

  • Savings: $2,924.85

  • Repayment period: 22 years, 7 months

  • $104.59 per week

  • Savings: $2,954.35

  • Repayment period: 22 years, 7 months

Get a pre-authorization
Where do these savings come from?
When you opt for accelerated payments (weekly or bi-weekly), you end up making the equivalent of an extra monthly payment per year, which is applied directly to your mortgage principal. This means:
  • considerable interest savings
  • a shorter repayment period (amortization).
Would you like a concrete example of your potential savings? Calculate the Two other payment options for two identical scenarios with different repayment periods.

Build your mortgage offer 

Get up to $5,800* cashback by transferring your mortgage and adding eligible products and services to your mortgage loan.

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* For a limited time. Please refer to the terms and conditions of each promotion.

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Calculating your monthly payments

Figure out how much you could repay each month based on your budget.

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Rent or buy?

Find out if it's more profitable for you to buy or rent.

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Accelerated payments

Pay off your mortgage faster with flexible payments or by using your credit card reward points.

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Pro tip!

Open an FHSA and start saving towards a down payment or other fees related to buying your first property.

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Make a serious offer and protect your interest rate with pre-approval.

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Make an appointment with an advisor to discuss your project, no matter how far along you are in the process.

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Talk to a mortgage expert 


1-855-755-9533 – option 6


Little details that matter

TM Sagen is a trademark of Genworth Financial Canada, the mortgage insurance company

*Formerly known as Genworth.

TM Canada Guaranty is a trademark of Canada Guaranty Mortgage Insurance Company.

  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.