Mortgage Calculator

Calculate your estimated monthly mortgage payment for Windsor & Essex County homes

Loan Details
Adjust the values to see your estimated payment
$450,000
$22,500
4.04%
25 years
Estimated Monthly Payment
$2,357

Principal + Interest only

Breakdown
Home Price$450,000
Down Payment$22,500
Loan Amount$427,500
CMHC Insurance$17,100
Total Loan$444,600

This calculator provides an estimate only. Actual payments may vary based on property taxes, insurance, condo fees, and other factors.

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Understanding Your Mortgage Payment

Down Payment

Minimum 5% for homes under $500K. For homes $500K-$1M, you need 5% on the first $500K and 10% on the remainder.

CMHC Insurance

Required if your down payment is less than 20%. This protects the lender and is added to your mortgage amount.

Interest Rate

Current rates are around 4%. I have access to 50+ lenders to find you the best rate for your situation.