Mortgage Calculator

Know Your Numbers Before You Fall in Love With a Property.

Buying a home or investment property in Montreal is one of the biggest financial decisions of your life. Our mortgage calculator lets you test real scenarios — different down payments, rates, amortization periods — and see your complete monthly cost including taxes, heating, condo fees and CMHC insurance. No estimates. No surprises. Just clarity before you commit.

✓ CMHC Insurance Auto-Calculated ✓ Condo Fees Included ✓ Property Taxes ✓ Heating & Insurance ✓ Compare Two Scenarios Side by Side
💳 Principal & interest payments
🛡️ CMHC insurance (auto-calculated)
🏛️ Annual property taxes
🏢 Monthly condo fees
🔥 Heating costs
🏠 Home insurance
Ready to find your next property?
Let ENNA guide you — from your first calculation to the keys in your hand.

Our brokers have guided buyers across Greater Montreal since 1977. Once you know your budget, we find the right property.

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Your Mortgage Calculator

Fill in one or both scenarios, then click Calculate to see your full monthly breakdown and comparison.

A
Scenario A
⚠ Down payment < 20% — CMHC insurance will be added.
Total Monthly Payment
Mortgage (P&I)
Property Tax
Heating
Condo Fees
Home Insurance
CMHC (amortized/mo)
Mortgage Amount
CMHC Premium (total)
Total Interest Paid
Total Mortgage Cost
B
Scenario B
⚠ Down payment < 20% — CMHC insurance will be added.
Total Monthly Payment
Mortgage (P&I)
Property Tax
Heating
Condo Fees
Home Insurance
CMHC (amortized/mo)
Mortgage Amount
CMHC Premium (total)
Total Interest Paid
Total Mortgage Cost
A vs B — Comparison Summary
ItemScenario AScenario BDifference
Mortgage (P&I)
Property Tax
Heating
Condo Fees
Home Insurance
CMHC (amortized/mo)
Total / month
CMHC Premium (total)
Total Interest Paid
Total Mortgage Cost

Are You Thinking of Selling?

Let the Numbers Work For You Too.

Every buyer who uses this calculator is actively looking for a property in Greater Montreal — financially prepared, comparing options, ready to make a move. When you list with ENNA, your property reaches exactly these motivated buyers.

Since 1977, we have guided sellers of residential homes, condos, plexes and revenue properties through every type of market. We know what buyers can afford, what they are comparing, and how to position your property to attract serious offers at the right price.

  • Honest market evaluation — no inflated numbers to win your listing
  • Maximum exposure on Centris, Realtor.ca and our private buyer network
  • Specialized experience in revenue properties and multi-unit buildings
  • Expert negotiation built on 49 years of Montreal real estate
  • Multilingual service — English, French, Italian and some Spanish
  • Available 7 days a week, from evaluation to closing

Ready to find out what your property is worth?

No commitment required. We will get back to you within 1 business day.

Frequently Asked Questions

Everything Montreal buyers need to know about mortgages, CMHC, and financing in Quebec.

In Canada, the minimum down payment is 5% for properties under $500,000. For properties between $500,000 and $999,999, it's 5% on the first $500,000 and 10% on the remainder. Properties over $1,000,000 require at least 20%. Use Scenario A and B to compare what different down payment amounts mean for your monthly payments.
CMHC insurance is mandatory when your down payment is less than 20% of the purchase price. The premium ranges from 2.8% to 4% of the mortgage amount depending on your down payment. Our calculator adds this cost automatically and shows you its monthly impact — no surprises.
In Quebec, lenders include 50% of monthly condo fees when calculating your gross debt service (GDS) ratio. This directly affects how much you can borrow. A condo with $500/month in fees adds $250 to your monthly obligations in the bank's eyes. Our calculator includes the full condo fee in your total monthly cost estimate.
A longer amortization (25–30 years) lowers your monthly payments but significantly increases total interest paid. A shorter period saves money long-term but requires higher monthly payments. Use the two-scenario comparison to see exactly what difference it makes — the numbers are often surprising.
Fixed rates offer payment stability and protection against rate increases. Variable rates can be lower initially but fluctuate with the Bank of Canada's key rate. Try entering both rates in Scenario A and Scenario B to compare the monthly and long-term difference before deciding.
Yes. Once you've used our calculator to estimate your budget, our brokers can connect you with trusted financing professionals and guide you through the pre-approval process. Visit our financing page or contact us directly — we're available 7 days a week by appointment.
Professional Memberships
OACIQ
Quebec Real Estate Regulatory Body
APCIQ
Professional Association of Quebec Brokers
CREA
Canadian Real Estate Association
Centris
Centralized Listing Service
Realtor.ca
National MLS Network