Canadian Mortgage Calculator
canadian_mortgage_calculatorRead-onlyIdempotent
Canadian mortgage payments with semi-annual compounding, CMHC premiums, the minimum down payment and accelerated bi-weekly or weekly options. Web page: https://calcbright.com/canadian-mortgage-calculator
Input Schema
TableJSON Schema
| Name | Required | Description | Default |
|---|---|---|---|
| down | No | Down payment (%) Minimum 5% of the first $500,000 and 10% of the rest; 20% from $1.5M. | |
| freq | No | Payment frequency | monthly |
| rate | No | Interest rate (fixed) (%) Compounded semi-annually, as Canadian law requires for fixed rates. | |
| buyer | No | First-time buyer or new build? Insured mortgages can be amortized over 30 years only for first-time buyers or newly built homes. | other |
| price | No | Home price | |
| years | No | Amortization | 25 |