| Mortgage Payment Calculator | |
The Mortgage Calculator tool is available (on the Kijiji app) on listings in the Real Estate - For Sale categories to help potential buyers visualize their estimated mortgage payments. When browsing any Real Estate - For Sale category and selecting a property you’re interested in, you will see the “Mortgage Calculator” where you can click to modify the default terms, interest rate and any down payment amount. Once you’ve input all of the information, you will see the estimated mortgage payment. The default interest rate initially shown is 4.8% with an amortization of 25 years and 20% down payment. You can adjust as needed to find out what your monthly payment will be depending on a down payment, interest rate or the term selected.
Please Note: The Mortgage Calculator is for informational purposes only and does not constitute a financing offer or credit guarantee from the seller or Kijiji. Estimated mortgage payments are based on the seller’s listed price, 2024 CMHC insurance rates, and the details entered in the calculator, assuming a fixed interest rate. CMHC premiums in QC, ON and SK are subject to provincial sales tax, which may affect the mortgage amount. CMHC mortgage loan insurance, required for down payments under 20%, is calculated as a percentage of the mortgage amount.
