- Mortgage Calculator
- How Much Can I Afford?
- Amortization Table
- Refinancing Calculator
Mortgage Calculator
Use our convenient mortgage calculator to estimate your monthly mortgage payment.
Results
| Purchase Price: | |
| Down Payment: | (%) |
| Mortgage Amount: | |
| CMHC Loan Insurance: | (%) |
| Total Mortgage: |
| Monthly | Biweekly | Accelerated Biweekly | Accelerated Weekly | |
|---|---|---|---|---|
| Payment | ||||
| Taxes | ||||
| Total Payment | ||||
| Time to Pay | ||||
| Total Interest Paid | ||||
| Total Principal + Interest Paid |
To get an estimate of what the maximum mortgage you can afford is, we've developed this Affordability Calculator. Simple fill in the fields below and click Calculate to get an estimate of your maximum mortgage and maximum monthly mortgage payment.
Results
With a down payment of , you can afford a mortgage of with a mortgage payment of . This translates to a purchase price of .
This calculator generates an amortization table based on your inputs. Leave either the interest rate or monthly payment field blank to calculate that value.
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With an interest rate of %, you will pay off a mortgage of in with a monthly payment of .
| Month | Payment | Interest | Principal | Balance |
|---|
Refinancing allows you to use up to 90% of the equity in your home. This calculator will show you how you can reduce your monthly debt payments by consolidating consumer debt into your mortgage. Additionally, we show you how you can pay off your mortgage faster simply by making the same payments you were before.
Results
| Home Value: | |
| Mortgage Balance: | |
| CMHC Loan Insurance: | (%) |
| Total Mortgage: |
Below are two examples of how you can pay off your mortgage. You may save thousands if you continue to make the same monthly payment as you are making today, and pay off your mortgage much quicker.
| Monthly | Accelerated Monthly | |
|---|---|---|
| Payment | ||
| Taxes | ||
| Total Payment | ||
| Time to Pay | ||
| Total Interest Paid | ||
| Total Principal + Interest Paid |
Unfortunately, you do not have enough equity in your home to consolidate all of your debt into your mortgage. However, you can choose which debts you want to refinance. Adjust the numbers above and try recalculating. With a home value of and a current mortgage balance of , you can refinance an additional in debt.
CanEquity Mortgage Calculator
Our partner site, run by CanEquity Mortgage, has another calculator. It shows a detailed breakdown for all popular mortgage products. To get a breakdown for this house, click to use the CanEquity Mortgage Calculator in a new window.
