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Here is more information about
mortgage payments with different scenarios

Assumes 20% downpayment

TermHouse PriceHouse PriceHouse Price
$300k$500k$800k
1 yr
payment
$1,621$2,701$4,322
3 yr$1,408$2,347$3,755
5 yr$1,381$2,301$3,682

Assumes 5% downpayment
(includes CMHC insurance premium)

TermHouse PriceHouse PriceHouse Price
$300k$500k$800k
1 yr
payment
$1,948$3,246$5,194
3 yr$1,732$2,887$4,620
5 yr$1,705$2,842$4,548

Credit Score < 700
20% down payment

TermHouse PriceHouse PriceHouse Price
$300k$500k$800k
1 yr
payment
$1,709$2,849$4,558
3 yr$1,536$2,559$4,095
5 yr$1,513$2,521$4,034

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