This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in CMHC (Canadian Housing & Mortgage Corporation) for loans where less than 25% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment. NOTE: This should be used only as a guide. Check with your bank to determine what your actual mortgage payments will be.