Mortgage Calculator
Estimate your monthly mortgage payment for a London Ontario home.
Calculate Your Payment
20.0% down payment
Estimated Monthly Payment
$2,847
Principal & interest only — does not include property tax, insurance, or CMHC premiums.
What's Not Included
- • Property taxes (varies by municipality and assessment)
- • Home insurance (required by all lenders)
- • CMHC mortgage insurance (required if <20% down)
- • Condo fees (if applicable)
- • Utilities and maintenance costs
Minimum Down Payment Rules (Canada)
Under $500,000 5% minimum
$500,000–$999,999 5% on first $500K + 10% above
$1,000,000+ 20% minimum
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