Rental Property Mortgage Payment Calculator
Model principal & interest, taxes, condo fees, CMHC insurance estimates, and stress-test payments for investment properties in Canada.
Property & financing
20.0% of purchase price
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P&I: $2,741 · Taxes: $400
- $520,000
- 80.0%
- $3,788 @ 6.89%
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| Payment | Rate Basis | Use |
|---|---|---|
| Contract P&I | Contract rate | Cash flow model |
| Stress test P&I | Greater of +2% or 5.25% | Qualification |
| Total monthly | P&I + tax/12 + condo | All-in housing cost |
How this payment calculator works
Estimate principal and interest, add tax and condo, optionally layer a CMHC premium below 20% down, and see the B-20 stress-test payment.
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Price and down payment
Set the loan. Below 20% down, we add an estimated high-ratio premium to the balance.
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Rate and amortization
Canadian semi-annual compounding. 25 and 30 years are the common rental terms.
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Read stress test vs contract
The amber line is the qualifying payment, not the payment you write each month.
Contract payment versus the stress test
You pay the contract rate. Federally regulated lenders qualify many 1–4 unit files at a higher rate so the borrower still clears GDS/TDS if rates rise.
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Contract payment
What leaves the account each month: P&I plus the tax and condo you entered. · Use this when you are modelling cash flow on a rental. · Pair it with the property cash-flow calculator if you also need cap rate and cash-on-cash. · High-ratio insurance, when estimated, is added to the loan — it raises P&I, it is not a separate monthly line.
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Stress-test payment
Greater of contract + 2% or 5.25% (current B-20 floor). Used for qualification at most banks and credit unions. · Does not apply the same way to all alternative, private, or commercial DCR lenders. · A file can cash-flow on contract and still fail GDS/TDS on the stress-test payment. · If you are buying on property DCR instead of personal income, switch to the Canada DSCR calculator.
What each payment figure means
Do not mix the stress-test payment into a cash-flow model. Cash flow uses the contract P&I.
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Monthly P&I
Principal and interest only, Canadian compounding. · Semi-annual compounding
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Total monthly
P&I + property tax/12 + condo fees. · P&I + tax + condo
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CMHC estimate
High-ratio premium added to the loan when down payment is under 20%. Not MLI Select. · Insurer grid × loan
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Stress-test P&I
Qualifying payment at max(contract + 2%, 5.25%). · P&I @ qualifying rate
Worked example (illustrative)
$650,000 purchase, 20% down, 4.89% / 30 years, $4,800 tax. Teaching case only.
| Loan | $520,000 |
|---|---|
| What to compare | Contract P&I vs stress-test P&I on the amber line |
| Cash-flow use | Contract P&I + tax/12 in the property cash-flow calculator |
20% down avoids a high-ratio premium on a typical 1–4 unit rental. Below 20% the estimated premium is added to the balance.
Related tools & guides
next steps
- Property cash flow calculator
Turn this payment into cap rate and CoC
- Canada DSCR calculator
Qualify on rent instead of salary
- CMHC premium calculator
5+ unit MLI insurance grid
- Fixed vs variable
How term choice changes payment risk
- Rates
Current residential context
- Book a strategy call
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