What does my mortgage payment include?
It covers mortgage principal and interest. Property taxes, home insurance, condo fees and purchase costs are additional expenses to include in your budget.
MORTGAGE CALCULATOR
Free mortgage calculator in Québec
Estimate your mortgage payments, CMHC insurance, balance at renewal and total monthly homeownership budget. Free, no account.
01 / YOUR PLANS
First, what are you planning?
Choose the right scenario. Your results update instantly.
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100 000 $1 500 000 $
10 % of the property price
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An example rate, not an offer.
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1 %10 %
Fine-tune my estimateFrequency, amortization, extra payments and date
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Numbers stay private. Free, no account.
YOUR LIVE ESTIMATE
Estimated payment
—/ per month
Financed amount—
Balance at end of term—
Interest during term—
Your financing, at a glance—
If the rate were 1 percentage point higher—Effect on standard monthly payments, all else equal.
Accelerated or extra payments—Illustrative lifetime-interest difference at a constant rate.
HOME PURCHASE
Estimated mortgage insurance—
Tax on premium, paid separately—
Estimated minimum down payment—
What if my rate rises at the next renewal?
In —, if your mortgage rate were — (a hypothetical 2-point increase):
Estimated new monthly payment—
— more per month than if the rate stayed unchanged, for the same outstanding balance.
Uses the projected term-end balance and original remaining amortization, without future extra payments. The hypothetical rate is not a forecast or an offer. Actual renewal terms may differ.YOUR FULL BUDGET
What will this home really cost?
Your mortgage payment updates instantly. Add only the other expenses you know.
Mortgage payments per month—
Other expenses per month—
Estimated monthly budget—
Add my expenses (optional)
Money to set aside for a purchase
Down payment—
Mortgage insurance premium tax—
Estimated 2026 land-transfer duty—
Other costs entered—
Amounts to set aside (partial estimate)—
Specify the municipality and other expenses (optional)
Enter only verified amounts. Other unentered costs are not included. Taxes are generally billed after acquisition.
Land-transfer tax calculator by municipality
Only amounts you enter are counted. Blank costs are $0, so the displayed total may be lower than your actual budget. This is not preapproval.
Compare 5%, 10% and 20% down payments
No calculation data is stored or sent.
Québec homebuyers: check official 2026 benefits
A Québec tax credit may refund up to $5,875 of eligible land-transfer tax for a qualifying 2026 purchase. Eligible first-time buyers of newly built homes may also qualify for a federal GST rebate of up to $50,000. Requirements apply; these amounts are not deducted from your estimate or required cash at closing.
Revenu Québec — eligibility · Canada Revenue Agency — GST rebate
02 / YOUR NEXT MOVE
Discuss your estimate.
Have a price and down payment in mind? Isabelle can review the terms before you make an offer.
Copy your estimate to keep it handy. Isabelle can help review the questions that a calculator cannot settle.
Or call Isabelle at 514-260-4838No calculation amounts are sent when booking. Your calendar opens with a third-party service.
Understanding your estimate
Down payment and mortgage insurance
With less than a 20% down payment, mortgage default insurance is generally required for an eligible purchase. The premium may be added to the loan, but Quebec tax on that premium must be paid separately.
Why does the renewal balance matter?
A portion of the mortgage usually remains at the end of the term. Your next interest rate will apply to that balance and affect your future payments.
Can accelerated payments make a difference?
Yes. They may help you repay more principal each year and pay off the mortgage sooner, depending on your loan terms.
Is the displayed rate an offer or approval?
No. It is an adjustable example rate. This estimate does not confirm eligibility or check your income, debts or the property’s appraised value.
Are my figures stored?
No. Calculations run in your browser, without an account. The amounts you enter are not sent to the booking calendar.
Calculation method: For fixed-rate mortgages, the calculator converts a nominal annual rate compounded semiannually to the selected payment frequency.
Transparent methodology · Free · Private calculations
Free mortgage calculator in Québec: understand the numbers
Isabelle’s free mortgage calculator explores purchases, renewals and refinances with adjustable down payments and interest rates. Beyond periodic payments, it estimates term interest, the balance remaining at renewal and the effects of accelerated payments. Your figures remain in your browser.
Canadian mortgage interest calculation
Fixed-rate mortgages generally use Canada’s semi-annual compounding convention, converted to the selected payment frequency. Entered rates are illustrative, not lender offers.
Mortgage insurance and Québec tax
An eligible mortgage with less than 20% down may include an insurance premium in the financed principal. Québec insurance premium tax is payable separately: 9% on premiums paid in 2026 and 9.975% starting January 1, 2027.
Balance at the end of the term
A five-year term rarely pays off a 25-year mortgage. The calculator estimates your balance at renewal to make future-rate scenarios easier to understand. Full-amortization interest assumes unchanged rates.
Accelerated mortgage payments
Accelerated biweekly payments are usually half a monthly payment, paid 26 times a year. They can reduce principal and total interest faster, depending on prepayment privileges and mortgage terms.
Mortgage stress-test rate: an illustration
For loans subject to federal qualifying rules, the reference rate is generally the higher of 5.25% or the negotiated interest rate plus two percentage points. This is not a pre-approval; lenders also review income, debts, credit and other criteria.
An illustrative qualifying rate will appear after you enter valid numbers.
The file is generated on your device with no calculator data transmitted.
Explore related calculations
- How are Canadian mortgage payments calculated?
- How much does CMHC insurance cost?
- 25-year versus 30-year amortization
- How to calculate renewal payments
- How do accelerated payments save interest?
- How does Canada’s stress test work?
- Total home purchase cost
- Mortgage affordability
- Fixed or variable rates
- Mortgage break penalties
Official methodology and limitations
These estimates draw on published information from CMHC, the Financial Consumer Agency of Canada and Revenu Québec. Property taxes, condominium fees, closing expenses, penalties and future interest rates are not automatically included.
Methodology reviewed November 3, 2026. Free, no account, with no mortgage input data transmitted.
METHODOLOGY · OFFICIAL SOURCES
How to verify a Québec mortgage estimate
When comparing two mortgage scenarios, use the same principal, amortization and payment frequency. Then compare the payment, interest paid during the term and balance remaining at renewal. The entered rate is an illustration, not a lender offer.
Insured loans and down payment
Mortgage default insurance is generally required when an eligible purchase has less than 20% down. The insured purchase price must be below $1.5 million. A 30-year insured amortization requires additional eligibility, such as qualifying first-time buyers or new-build purchasers.
Québec insurance-premium tax
This is a separate tax, not Québec sales tax: 9% when the premium is paid in 2026 and 9.975% when it is paid after December 31, 2026. This tax cannot be added to the mortgage principal.
Land transfer duty
Québec transfer duties depend on the taxable property value and the municipality’s schedule for the acquisition year. Where the exact local scale is not listed, the calculator provides only the provincial base estimate.
Variable rates
A constant-rate illustration cannot predict variable-rate changes or lender-specific penalties and prepayment rules. Check actual contract terms before making a financing decision.
Two possible first-home benefits
For eligible 2026 Québec acquisitions, a homeownership tax credit may refund up to $5,875 of land transfer duties already paid. Eligible buyers of new first homes may also qualify for a federal GST rebate of up to $50,000. Separate requirements apply; neither amount is automatically deducted from cash required to purchase.
Primary references
- CMHC: insurance and minimum down payments
- Québec government: 2026 land transfer duty rules
- Revenu Québec: 2027 insurance-premium tax rate
Public sources verified November 4, 2026. Illustrative estimates; no rate commitment or loan approval.
Tool provided by Isabelle Clavet, mortgage broker, AMF certificate no. 183262. Professional information.