Luis Melendez.MORTGAGE BROKER
Tools & guides

Mortgage calculators — Quebec and CanadaPrepare your purchase with confidence.

Estimate your borrowing capacity, the cost of CMHC mortgage loan insurance and your savings plan. Then read the guide to registered plans and first-time buyer programs.

Complete home buying guide20 pages: budget, down payment, financing, costs, notary and checklists (PDF).
Download the guide
Mortgage calculators

Your numbers, clearly.

$
$
%
years

Estimate using Canadian semi-annual compounding. The CMHC premium is financed; its Quebec tax is paid separately. Closing costs are your estimates, to confirm for your municipality and file.

Monthly payment$2,488
Loan including premium$417,555
Total interest$328,931

CMHC premium : $12,555 (3.10 %)

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Remaining principalAccumulated interest

What if…

$
Interest saved$28,484
Months saved22

20-year amortization

Monthly payment$2,801
Interest saved$74,365

These calculations are estimates for information only and do not constitute a loan approval. Rules and amounts may change; let’s talk for a personalized analysis.

CMHC premiums by down payment tier

Official CMHC grid for the purchase of an owner-occupied property.

15–19.99 %2.80 %
10–14.99 %3.10 %
5–9.99 %4.00 %
  • Minimum down payment: 5% on the first $500,000 and 10% on the portion between $500,000 and $1,499,999.
  • A property of $1.5M or more requires 20% down and cannot be insured by CMHC.
  • A 0.20% surcharge applies to amortizations over 25 years (30 years allowed for first-time buyers and new builds).
  • In Québec, the 9% tax on the premium cannot be added to the loan.
Source: CMHC — Mortgage loan insurance premiums

CMHC premiums by down payment tier

Official CMHC grid for the purchase of an owner-occupied property.

Loan-to-valueDown paymentPremiumPremium at your price
≤ 80.00%≥ 20%—$0
80.01% – 85.00%15% – 19.99%2.80%$10,710
85.01% – 90.00%10% – 14.99%3.10%$12,555
90.01% – 95.00%5% – 9.99%4.00%$17,100
  • Minimum down payment: 5% on the first $500,000 and 10% on the portion between $500,000 and $1,499,999.
  • A property of $1.5M or more requires 20% down and cannot be insured by CMHC.
  • A 0.20% surcharge applies to amortizations over 25 years (30 years allowed for first-time buyers and new builds).
  • In Québec, the 9% tax on the premium cannot be added to the loan.
Source: CMHC — Mortgage loan insurance premiums
Monthly savings

Monthly savings calculator

Plan your down payment or any other goal.

$
$
$
%
Accumulated amount$37,042
Total contributed
$33,800
Investment growth
$3,242
Gap to goal
$2,958
Monthly deposit needed for the goal
$657
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These calculations are estimates for information only and do not constitute a loan approval. Rules and amounts may change; let’s talk for a personalized analysis.

Your real estate project

A first look at your project.

AI analysis. Do not include names, emails, account numbers or confidential documents. Your text is sent to the AI service but is not saved by this website.

Your personalized guidance

General AI-generated guidance to confirm with Luis. Not a preapproval or a guarantee of financing or program eligibility.

Registered plans

Complete guide to registered plans

The three key plans to fund your down payment — and how to combine them.

FHSA — First Home Savings Account

  • Contribute $8,000 per year, up to $40,000 lifetime.
  • Unused room carries forward to the next year (maximum $8,000 carried forward).
  • Contributions are tax-deductible, like an RRSP.
  • Qualifying withdrawals for a first home are completely tax-free.
  • Eligibility: Canadian resident aged 18+, who has not lived in a home owned by you or your spouse in the current year or the previous 4 calendar years.
  • The account can stay open up to 15 years; unused funds can be transferred to an RRSP tax-free without affecting your RRSP room.
Canada.ca — FHSA

HBP — Home Buyers’ Plan (RRSP)

  • Withdraw up to $60,000 from your RRSP per person, or $120,000 for a couple.
  • Funds must have been in the RRSP for at least 90 days before withdrawal.
  • Repay over 15 years; the temporary deferral to year 5 applies to withdrawals made from 2022 to 2025.
  • A missed annual repayment is added to your taxable income.
  • For first-time buyers (no owned home lived in during the last 4 calendar years).
Canada.ca — HBP

TFSA — Tax-Free Savings Account

  • Annual limit of $7,000; unused room accumulates since 2009 (age 18+).
  • Growth and withdrawals are tax-free, usable for any project.
  • Withdrawn amounts become available again on January 1 of the following year.
  • Ideal to top up your down payment, notary fees and welcome tax.
Canada.ca — TFSA

Strategy: combine the plans

  • FHSA and HBP can be used for the same purchase: up to $100,000 per person, $200,000 for a couple.
  • Prioritize the FHSA: tax deduction and no repayment.
  • Invest your tax refunds in your TFSA or FHSA to accelerate savings.
First-time buyers

First-time home buyer programs

Federal and Québec measures that can reduce the cost of your first purchase.

30-year amortization for first-time buyers

  • Since December 15, 2024, first-time buyers and buyers of new builds can get an insured mortgage amortized over 30 years.
  • Lower monthly payments, at the cost of a 0.20% surcharge and more long-term interest.

Federal First-Time Home Buyers’ Tax Credit

  • A $10,000 amount, worth a non-refundable credit of up to $1,500.
  • Claimed on the tax return for the year of purchase; can be split between spouses.

First-time buyer GST rebate (new homes)

  • Rebate of up to $50,000 of GST on a new home of $1M or less, phased out up to $1.5M.
  • For agreements entered into on or after May 27, 2025; adds to existing GST/QST new housing rebates.

Refundable tax credit for home ownership (Québec)

  • New in 2026: refunds up to $5,875 of transfer duties for first-time buyers — 100% of the first $5,000, plus 25% of the excess (max $875).
  • For homes acquired after December 31, 2025, worth less than $1M (credit gradually reduced from $750,000).
  • Claimed through Revenu Québec, on your tax return or by advance payment.
Revenu Québec — Home ownership credit

Municipal programs and welcome tax

  • In Québec, transfer duties (welcome tax) apply to most transactions, but some are exempt — for example a transfer between spouses. Some municipalities also offer refunds or grants to first-time buyers.
  • Example: the City of Montréal’s Residential Purchase Assistance Program. Let’s check together what applies to your city.

These calculations are estimates for information only and do not constitute a loan approval. Rules and amounts may change; let’s talk for a personalized analysis.

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Chopin — Valse