Québec · Canada
Montréal Mortgage Calculator
2025–2026 Rates
Property
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$100k$3M
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Mortgage Settings
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20 yr
25 yr
30 yr
Buyer Profile
First-time buyer
Unlocks FHSA, HBTC, Welcome Tax rebate
Self-employed / freelance
Pays both employer + employee QPP & QPIP
Île de Montréal
Uses Montréal island welcome tax brackets
Include CMHC insurance
Auto-required if down payment < 20%
Ongoing Costs (Monthly Est.)
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Income Check
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Browse Listings
Search on Centris → Search on DuProprio →
Opens Montreal listings — set your filters manually once there. Centris = realtor listings. DuProprio = private sales.
Payment / month
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Mortgage only
Total monthly cost
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Mtg + fees + tax + heat
Cash needed to close
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Down + all closing costs
Mortgage Breakdown
Purchase price —
Down payment —
Base loan amount —
CMHC premium ?Required when down < 20%. Added to mortgage. Rates: 4% (5–9.99% down), 3.1% (10–14.99%), 2.8% (15–19.99%). New builds/FTBs can get 30-yr amortization. —
Final mortgage amount —
Contract rate
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Stress-test rate
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Qualifying rate
Closing Costs
Down payment —
9% QST on CMHC ?Quebec charges 9% QST on the CMHC insurance premium. Paid at closing — not added to mortgage. —
Welcome tax (bienvenue) —
Welcome tax rebate (FTB) ?Quebec first-time buyer rebate offsets welcome tax up to $5,875 for homes under $750k. —
Notary fees —
Home inspection $600
Total cash at closing —
Monthly Cost Breakdown
Mortgage
Condo fees
Property tax
Heating
Mortgage payment —
Condo fees —
Property taxes —
Heating / utilities —
Total monthly outflow —
Qualification Check
GDS: — (max 39%)
TDS: — (max 44%)
Qualifying rate used —
Min. income needed (GDS) —
Your income —
Monthly leftover (after tax) ?Estimated take-home after Quebec + federal income tax, QPP, EI, and QPIP — minus housing costs. Approximate only. —
First-Time Buyer Programs & Credits
Federal HBTC ?Home Buyers' Amount: claim $10,000 on your tax return → up to $1,500 off taxes owed. Non-refundable (reduces tax to $0, no extra cheque). Line 31270. Up to −$1,500
FHSA deduction (yr 1) ?First Home Savings Account: contribute up to $8,000/yr (lifetime $40k). Fully tax-deductible. Earnings tax-free. Withdraw tax-free for first home. —
RRSP Home Buyers' Plan ?Withdraw up to $60,000 tax-free from your RRSP for a first home. Repay over 15 years. You + partner can each withdraw $60k. Up to $60,000
QC Welcome Tax Rebate ?Quebec's 2024 first-time buyer rebate: up to $5,875 refund on welcome tax for properties under $750k. Paid by province directly. —
GST/QST New Home Rebate ?For new construction only. Partial rebate of GST/QST paid on new build. Significant savings on newly constructed homes. N/A (resale)
30-yr amortization (insured) ?Since Dec 2024, first-time buyers can get 30-year amortization on insured mortgages (down <20%) — lower monthly payments. —
These programs are combinable. FHSA + RRSP HBP + HBTC can all be used together. Always verify eligibility with a financial advisor or notary.
Loan Amortization Summary
Total interest paid —
Total amount paid —
Interest vs. principal —
Balance at 5 years —
Equity at 5 years —
Principal paid (5 yr) —
Monthly Budget
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