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
Also budget for Land Transfer Tax, legal fees, and other one-time costs — try the Closing Costs Calculator.
Minimum Down Payment Rules (Canada)
Under $500,0005% minimum
$500,000–$1,499,9995% on first $500K + 10% above
$1,500,000+20% minimum
Ready to Get Pre-Approved?
Justin connects you with trusted London Ontario mortgage professionals who find the best rate for your situation.
Start Pre-ApprovalWondering Why Your Number Looks Lower Than Expected?
This calculator applies Canada's federal mortgage stress test — read our plain-English explainer on how it actually works.
How the Stress Test Works →