Free Tool
Mortgage Calculator
for New Immigrants
Built for Indian and South Asian immigrants buying their first home in Canada. Uses Canadian amortization math and reflects New-to-Canada mortgage program requirements.
Mortgage Calculator
Canadian amortization · New-to-Canada mortgage programs included
⚡ CMHC insurance applies (under 20% down)
Monthly
$4,974
Total Interest
$682,233
Loan Amount
$810,000
Estimates only — consult a licensed Canadian mortgage broker for exact figures
New-to-Canada Programs
RBC, Scotiabank, ICICI Bank Canada, and BMO all have programs that accept foreign credit history (CIBIL) in place of Canadian credit. You can qualify with as little as 3–6 months of Canadian employment.
CMHC Mortgage Insurance
Required on down payments under 20%. Premiums range from 2.4% to 4% of the loan amount, added to your mortgage balance. Homes over $1.5M require a minimum 20% down payment.
Ready to find a mortgage broker?
Read our guide to the best mortgage brokers for new Indian immigrants in Toronto.