Bungalow - 250 Rue Daniel

Legal Note

The data generated by this calculator are approximate and do not create a legal or contractual obligation for National Bank and its subsidiaries. The granting of financing is subject to credit approval by National Bank at all times. Conditions apply. Clients agree to have their personal situation as it pertains to a mortgage loan validated and analyzed by their accountant, income tax specialist or National Bank advisor.

When your down payment is less than 20% of the purchase price, the amount of financing on which your payment is based includes the premium on your mortgage loan insurance from CMHC^TM/Sagen^TM.

When you enter information in the calculator, it is important to consider the following elements.

Down payment

Single-family dwelling, condo or duplex

• Minimum down payment of 5% on the portion of the purchase price less than or equal to $500,000
• Minimum down payment of 10% on the portion of the purchase price greater than $500,000

Triplex and quadruplex : Minimum down payment of 10% for owner-occupied properties

Any property with a purchase price equal to or greater than $1 000 000: minimum down payment of 20$

Amortization period :

Down payment of less than 20%: select an amortization period of up to 25 years

Down payment equal to greater than 20%: select an amortization period of up to 30 years

For more detailed calculations, use National Bank’s tool to calculate your mortgage payments.

^TM NATIONAL BANK and the NATIONAL BANK logo are registered trademarks of National Bank of Canada.
^TM Sagen is a registered trademark of Genworth MI Canada Inc.
^TM CMHC is a registered trademark of the Canada Mortgage and Housing Corporation.