Income Property Mortgage & Cash Flow Calculator
Built for Mississauga income properties: Canadian semi-annual compounding, CMHC insurance, the federal stress test, itemized expenses, rental cash flow and Ontario land transfer tax — calculated correctly for investors.
Property Details
Income & Expenses
Monthly Cash Flow
-$1,897
Negative — you'd need to cover the shortfall
Key Metrics
Monthly Breakdown
Total Cash Required
Ontario LTT only. Toronto properties have additional municipal LTT.
Canadian fixed-rate mortgage with semi-annual compounding. CMHC premiums, stress-test qualifying rates, and minimum down payment rules reflect current federal guidelines but may change. This calculator provides estimates for informational purposes only. Actual mortgage payments depend on your lender, credit score, and specific terms. Rental income estimates, cap rates, and cash flow projections are not guaranteed. Consult a licensed mortgage broker and financial advisor before making investment decisions.
How This Calculator Works
Why do Canadian mortgage payments differ from US calculator results?
Canadian fixed-rate mortgages compound semi-annually, not monthly like US mortgages. This calculator uses semi-annual compounding, so payments match what Canadian lenders actually charge.
When is CMHC mortgage insurance required and how much does it cost?
CMHC insurance is required on owner-occupied purchases with less than 20% down. The premium is 4.00% of the loan with 5-9.99% down, 3.10% with 10-14.99% down, and 2.80% with 15-19.99% down. The premium is added to the mortgage, but Ontario charges 8% PST on it, due in cash at closing.
What is the federal mortgage stress test?
To qualify, you must prove you could afford payments at the greater of your contract rate plus 2% or 5.25%. This calculator shows your stress-test payment alongside the real payment.
What is the minimum down payment in Canada?
The federal minimum is 5% of the first $500,000 plus 10% of the remainder up to $1.5 million. Homes of $1.5 million or more require 20% down.
How much is land transfer tax in Ontario?
Ontario land transfer tax is marginal: 0.5% up to $55,000, 1% to $250,000, 1.5% to $400,000, 2% to $2 million, and 2.5% above that. This calculator includes it in your cash-to-close and cash-on-cash return. Toronto properties pay an additional municipal LTT, which does not apply in Mississauga.
Trying to decide whether to buy at all? Read: Rent vs Buy in Mississauga →
Budgeting the carrying costs? Read: Rental Property Insurance in Mississauga →
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