Ottawa and Ontario Mortgage Planning

Estimate Your Ontario Mortgage Payment

Enter an Ottawa purchase price, down payment, mortgage rate, and amortization to estimate the insured mortgage and monthly payment.

Built for Ottawa and Ontario buyers Flexible, editable assumptions Private. No information is sent

Minimum down payment rules

$500,000 or less The minimum down payment is 5 percent of the purchase price.

Over $500,000 and under $1.5 million The minimum is 5 percent of the first $500,000, plus 10 percent of the remaining purchase price.

$1.5 million or more The minimum down payment is 20 percent. A standard CMHC insured mortgage is not available.

Mortgage Brokerage Disclosure

Mortgage services are provided by Fady Gebara, Mortgage Agent Level 1, Licence #M25000671, with SJC Financial Inc., Mortgage Brokerage Licence #13302. Visit sjcfinancial.com.

Figures are estimates for informational purposes only. Actual mortgage payments, interest rates, qualification, CMHC premiums, taxes, fees, and other costs may vary. The Ontario tax on CMHC is shown as a separate closing cost and is not added to the mortgage. This calculator is not a mortgage approval, commitment to lend, or substitute for advice from a licensed mortgage professional.