Canadian Mortgage Calculators
Every one of these uses semi-annual compounding, the Canadian standard. Most free calculators on the internet use the American monthly formula and quietly get the payment wrong. The math is free; we only ask for an email if you want the report as a PDF.
Payments and amortization
Mortgage payment
Semi-annual compounding, every payment frequency, accelerated options.
Amortization schedule
Every payment to the last, with the interest/principal split.
In buildExtra payment
What one more payment a year takes off the amortization.
In buildLump-sum prepayment
Anniversary prepayments against your privilege limit.
In buildPayment frequency
Accelerated bi-weekly against monthly, honestly compared.
In buildInterest-only payment
HELOC and interest-only payment sizing.
In buildBlend and extend
What a blended rate really costs versus breaking.
In buildRemaining balance
What you still owe at any point in the term.
In buildBuying
Affordability
Stress-tested against GDS and TDS, not wishful thinking.
PDF reportLand transfer tax
Every province, plus Toronto, Montreal and Halifax.
Closing costs
The cash you actually need on the day.
PDF reportProperty tax
Municipal rates, and what they cost you in borrowing room.
Down payment
Statutory minimums and what crossing 20% really does.
In buildDefault insurance premium
Premium, surcharges, and the PST you pay in cash.
In buildStress test
What you qualify at, versus what you pay.
In buildRent versus buy
With the opportunity cost of the down payment included.
In buildFirst-time buyer incentives
FHSA, Home Buyers' Plan and provincial rebates, stacked.
In buildNew build GST/HST rebate
The rebate on new construction, by province.
In buildRenewing and refinancing
Renewal comparison
Your lender's offer against the market, over the whole term.
In buildBreak penalty
Three months' interest against the interest rate differential.
In buildRefinance break-even
How long until the savings clear the penalty.
In buildDebt consolidation
What rolling cards and car loans into the mortgage really saves.
In buildHELOC
Available credit at 65% and 80% combined loan-to-value.
In buildEquity take-out
How much you can pull, and what it costs.
In buildSwitch versus refinance
Two different transactions, two different rate shelves.
In buildPort your mortgage
Whether porting beats breaking when you move.
In buildQualifying
GDS and TDS ratios
The two ratios every lender runs on your file.
In buildSelf-employed income
How lenders read business-for-self income, and who reads it best.
In buildRental income offset
Add-back versus offset — lenders differ enormously.
In buildCredit score impact
What a score band is worth in basis points.
In buildLoan-to-value
Which rate shelf your file lands on and why.
In buildMaximum mortgage
The largest file that clears both ratios.
In buildCo-signer impact
What adding income and adding debt each do.
In buildBridge financing
Cost of covering the gap between closings.
In buildInvestment
Rental property
Cash flow, cap rate and the 20% down requirement.
In buildPrepay or invest
After-tax comparison, not a slogan.
In buildLocalised calculators
Four of these change materially depending on where you are buying, so we run them per province and per city rather than pretending Canada is one market.
Get notified 90 days before your renewal
Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
The math is free. Acting on it is the point.
When you are ready to do something with these numbers, we will introduce you to a licensed broker who can put the file in front of lenders. Nothing here obliges you to.
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