FHSA Calculator
The First Home Savings Account (FHSA) is more than just a regular savings account. We’ll ask you a few simple questions to map out your savings plan, and then chart a course to owning your first home.
Calculate your monthly payments, CMHC insurance, and closing costs
Courtesy of The Campbell-Maric Group
⚠️ Down payment is below minimum required
💡 Have a pre-approval? Enter your actual rate above for accurate calculations.
*30-year amortization available for first-time buyers or new builds with insured mortgages, or with 20%+ down payment.
✓ Accelerated payments help you pay off your mortgage faster and save on interest!
Your Monthly Payment
$2,804.62
Mortgage principal: $514,800
📊 Stress Test Qualification
You must qualify at 6.49% ($3,234.12/month)
With less than 20% down, you'll need mortgage default insurance.
The premium is added to your mortgage. The PST is due at closing.
*Estimates only. Does not include moving costs, utility hookups, or immediate repairs.
Get personalized guidance on your homebuying journey with The Campbell-Maric Group.
We've sent your calculation results. A member of our team may reach out to help with next steps.
This calculator provides estimates only and does not constitute financial advice. Actual mortgage terms, rates, and costs may vary. CMHC premiums and land transfer taxes are subject to change. Always consult with a licensed mortgage professional before making financial decisions.
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The First Home Savings Account (FHSA) is more than just a regular savings account. We’ll ask you a few simple questions to map out your savings plan, and then chart a course to owning your first home.
Use the RRSP Tax Refund Calculator to find out your marginal tax rate, based on your province of residence, and determine how much tax savings your annual RRSP contribution will generate.
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