RMA, Real Mortgage AssociatesFSRA LIC. #10464RICK SEKHON · MORTGAGE BROKER
Standard default insurance premiums · Ontario

What will my mortgage actually cost each month?

Canadian semi-annual compounding, CMHC premiums when your down payment is under 20%, and a full 5-year term breakdown.

3.69%
25 yrs

For illustration only. Not an offer to lend or financial, legal or tax advice. Actual figures depend on lender, insurer and legal review. O.A.C.

Est. monthly payment
$2,037.40
3.69% · 25-year amortization · semi-annual compounding
Down payment$100,000 (20.0%)
CMHC insurance premiumNone
Total mortgage required$400,000
Balance at end of 5-yr term$346,311
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