Mortgage Calculators

Mortgages Canada has put together a collection of easy to use mortgage tools and calculators to help you better understand your current financial situation. These tools will provide you with insight and understanding about one of the most important transactions in your life. We can assist you with figuring out whether it is more economical for you to rent or to buy. We can analyze and assist you with your commercial financing. We can figure how much it will cost to break your current mortgage. We can also determine the total purchase price that your particular budget can afford! The answer to the most important question in your life, "Can I afford that house?" is only one click away.

 

Mortgage Payment Calculator

Calculate your monthly payment with applicable financial charges, PMI, hazard insurance, and property taxes.

 

Rent vs. Buy

Still renting an apartment and thinking about a home purchase? This calculator can help you make the final decision.

 

Mortgage Variable Isolator Calculator

Sometimes it helps to play with the variables in order to isolate the most important factor.

 

Mortgage Principal Calculator

This calculator allow you to "peek into the future", allowing you to see the remaining balance of your mortgage after several payments.

 

Mortgage Length Calculator

This calculator will help you to determine your savings if you make larger monthly payments.

 

What if I Pay More Every Month? - Prepayment Calculator

See how your mortgage will be reduced, if you pay $$$ more every month.

 

Maximum Mortgage Calculator

Calculate the maximum mortgage amount that you qualify for based on the income you state. Use to show difference if you pay off your debts in your loan.

 

Payment per Thousand Financed

Have you ever wondered how much you pay for every $1,000 of your mortgage loan? Find out here!

 

Should I Refinance?

Is your old APR (Annual Percentage Rate) too high? Estimate the benefits of refinancing using this calculator.

 

Interest-Only Calculator

Housing market moving up too fast? Figure out how much you can afford with an interests only mortgage loan.

 

Interest-Only with Additional Payments Calculator

Interest-Only loans can drastically cut your mortgage payments, but what if you want to pay something toward your principal? Figure this out here.

 

Which Loan is Better?

Can't decide which loan offer is better? Input your numbers here and lock-in the best offer.

 

Standard vs. Bi-Weekly

You heard that bi-weekly payments can significantly decrease the time of mortgage payoff? Check it out with this calculator.

 

How Can I Payoff My Credit Card Debt Sooner?

This credit card payoff calculator will tell you how long it will take you to pay off your credit card debt with the amount you pay now, and how much you would have to pay every month to eliminate credit card debt even sooner.

 

Commercial Mortgage Needs Analysis

Interested in expanding your business with a new building or construction project? Need to develop land or refinance an exisiting mortgage? Use the commercial needs calculator to analyze your situation.

 
DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult a Mortgages Canada representative for more information.