How much do I need for a down payment in Ontario?

In Canada, the minimum down payment is 5% on the first $500,000 of the purchase price and 10% on the portion above $500,000. A 20% down payment avoids mortgage default insurance (CMHC).

What is accelerated bi-weekly mortgage payment?

Accelerated bi-weekly payments divide your monthly payment in half and pay that amount every two weeks. You make 26 half-payments per year — equivalent to one extra monthly payment annually — which reduces total interest and pays off the mortgage faster.

Buyers

Mortgage payment calculator

Plan your purchase with confidence. Adjust home price, down payment, rate and amortization to see what your payments could look like — then talk to our team about pre-approval and lender referrals.

Your numbers

Estimate your payments

Adjust the fields below to see monthly, bi-weekly, or weekly payments. Estimates only — connect with Crown North for lender referrals and a personalized pre-approval strategy.

Home price

Down payment

10%

Interest rate (%)

Amortization (years)

Payment frequency

Property tax (monthly, optional)

Your estimate

Monthly payment

Including estimated property tax

Mortgage amount: —
CMHC insurance (est.): —
Total interest (life of loan): —
Total cost of borrowing: —

For illustrative purposes only. Does not include condo fees, utilities, or land transfer tax. Minimum down payment rules apply in Canada. Speak with a licensed mortgage professional before making an offer.

Next steps

Numbers are just the start

A calculator can't replace a pre-approval or a market-specific buying strategy. Crown North agents guide you from affordability through closing — call (416) 551-1026 or request a buyer consultation.

Let's talk

Ready to talk financing?

Our agents connect buyers with trusted mortgage professionals across the GTA. We'll help you understand what you can afford before you start touring homes.

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