# Canadian Mortgage Calculator

> Calculate mortgage payments for Canada, including CMHC insurance estimates and semi-annual compounding.

Page: https://askcalculators.com/calculator/canadian-mortgage-calculator/
Definition: https://askcalculators.com/calculator/canadian-mortgage-calculator/definition.json
JSON Schema: https://askcalculators.com/calculator/canadian-mortgage-calculator/schema.json
Version: 7.0.0
Maintained by: AskCalculators (software project; not a credentialed reviewer)
Qualified review: pending. Automated checks do not establish professional approval.
Page status: Live
Review status: Pending

## Use
Open the calculator page and enter values. Query-string parameters can restore and bookmark a calculation.
Example: https://askcalculators.com/calculator/canadian-mortgage-calculator/?homePrice=500000&downPayment=50000&rate=5&amortization=25&paymentFreq=monthly

## Inputs
- homePrice: Home Price; type=number; optional; default=500000
- downPayment: Down Payment; type=number; optional; default=50000
- rate: Interest Rate; type=number; optional; default=5
- amortization: Amortization (Years); type=number; optional; default=25
- paymentFreq: Payment Freq; type=text; optional; default=monthly

## Outputs
- result: Result; format=text; primary

## Formula
Canadian monthly rate = (1 + nominal rate ÷ 2)^(2/12) − 1; payment uses the amortizing-loan formula after any entered insurance estimate.

## Rules
- Empty optional inputs are undefined, not zero.
- Hidden conditional inputs are ignored.
- Do not invent missing required inputs.