The mortgage calculator and any results, estimates, or information provided on this website (the “Calculator”) are based solely on the data you input and general assumptions. They are provided strictly for illustrative, educational, and general informational purposes and do not constitute an offer, commitment, pre-approval, approval, or binding quote for any mortgage product.

Calculations are based on the following assumptions (which may not reflect your actual situation):

• A constant interest rate throughout the selected amortization period;
• Interest compounded semi-annually, not in advance, for fixed-rate mortgages and compounded per payment period for variable-rate mortgages;
• A consistent payment schedule with no prepayments, additional payments, skipped payments, or accelerated payments, unless you specifically select and input such options (in which case results reflect only what you entered).

These are estimates only. The Calculator does not account for:

• Mortgage default insurance premiums (e.g., CMHC, Sagen, or Canada Guaranty);
• Closing costs, land transfer taxes, legal fees, title insurance, appraisals, or other transaction costs;
• Lender-specific fees, penalties, or administrative charges;
• Your creditworthiness, income verification, debt ratios, property appraisal/value, employment status, or any other qualification criteria applied by lenders or insurers;
• Current or future market conditions, interest rate changes, or lender policies.

Actual mortgage availability, interest rates, loan amounts, monthly payments, amortization periods, insurance requirements, and qualification will vary and are determined solely by the lender and/or insurer at the time of formal application and underwriting. Interest rates and terms are subject to change without notice and may differ significantly from any displayed or calculated figures.

Minimum Down Payment Guidelines (Canada-wide, subject to change):

• 5% on the first $500,000 of the purchase price;
• 10% on the portion of the purchase price above $500,000;
• For purchase prices of $1,500,000 or more, a minimum of 20% down payment is required (no mortgage default insurance is available for high-ratio mortgages above this threshold).

Amortization Periods for Insured Mortgages (down payment <20%):

• Typically a maximum of 25 years;
• However, a maximum of 30 years may be available for eligible first-time homebuyers (at least one borrower qualifies as a first-time buyer) or purchasers of newly built homes, subject to insurer eligibility rules (e.g., CMHC Home Start or equivalent), potential premium surcharges, and other conditions.

For full, current details, eligibility, and personalized assessment, contact a licensed Mortgage Agent or advisor or your chosen lender/insurer directly.

Important – No Advice Provided: Nothing on this website, including the Calculator or any results, constitutes financial, investment, legal, tax, accounting, or mortgage advice. It is not tailored to your personal circumstances and should not be relied upon to make any financing, purchasing, or other decisions. Mortgage rules, rates, and programs can change; always verify with official sources (e.g., CMHC, FSRA, or your lender).

No Representations or Warranties: HuronMortgages.ca Inc. (or applicable licensed entity) makes no express or implied representations, warranties, or guarantees regarding the accuracy, completeness, reliability, timeliness, suitability, or applicability of the Calculator, any results, or any information on this site. We disclaim all liability for any errors, omissions, interruptions, or inaccuracies.

Limitation of Liability: To the fullest extent permitted by law, HuronMortgages.ca Inc. and its affiliates, officers, directors, employees, and agents shall not be liable for any direct, indirect, incidental, consequential, special, punitive, or exemplary damages, losses, costs, or expenses (including lost profits, opportunities, or savings) arising from or related to: (i) use of or reliance on the Calculator or any results/information; (ii) any decisions or actions taken (or not taken) based thereon; or (iii) any inaccuracy, incompleteness, or unavailability of information.

You are solely responsible for verifying all information independently and consulting qualified professionals (e.g., a licensed mortgage broker, lawyer, accountant, or financial advisor) before proceeding with any mortgage or real estate transaction.