Mortgage payment calculator
Calculates your estimated payment based on loan amount, interest rate, amortization and payment frequency.
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Mortgage Calculators
Four calculators built on Canadian lending rules — semi-annual compounding, real insurance premiums and the actual stress test.
Free Tools
There are so many things to take into account when looking into mortgages
That’s why I am here to help you with whatever you may need. Start with the numbers below, then bring me the questions they raise.
Mortgage refinance calculator
Estimates potential savings, your new payment, and the overall cost of refinancing after penalties and closing costs.
Open calculatorMortgage affordability calculator
Assesses how much home you can afford from your income, monthly expenses, down payment, rate and term.
Open calculatorLand transfer tax calculator
Determines the tax payable when transferring ownership, based on property value, location and applicable rates.
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01
Mortgage payment calculator
See what a purchase actually costs each month, and how much an accelerated payment schedule shortens your amortization.
Mortgage payment calculator
Calculated with Canadian semi-annual compounding. Default insurance is added automatically when your down payment is below 20%.
Monthly payment
$0.00
- Total mortgage amount$0
- Default insurance premium
- Loan-to-value0%
- Total interest paid$0
- Total of all payments$0
- Time to mortgage-free0 years
02
Mortgage refinance calculator
Compare your current mortgage against a new one, including the penalty and closing costs, to find your break-even point.
Refinance calculator
Monthly saving
$0.00
- Current payment$0.00
- New payment$0.00
- New mortgage amount$0
- Break-even on costs-
- Lifetime interest difference$0
Prepayment penalties vary widely between lenders. I will pull your exact figure from your lender before you commit to anything.
03
Mortgage affordability calculator
Uses the same debt-service ratios lenders apply, and qualifies you at the federal stress-test rate.
Affordability calculator
You could afford about
$0
- Mortgage required$0
- Down payment0%
- Maximum qualifying payment$0.00
- Payment at your actual rate$0.00
- Stress-test rate applied0%
Qualified at the greater of your rate plus 2% or 5.25%, using 39% GDS and 44% TDS. Lender policies vary — this is a planning estimate, not a pre-approval.
04
Land transfer tax calculator
Ontario and City of Toronto land transfer tax, with first-time buyer rebates applied automatically.
Land transfer tax calculator
First-time buyers can claim up to $4,000 against the Ontario tax and a further $4,475 against the Toronto municipal tax.
Land transfer tax payable
$0
- Ontario land transfer tax$0
- Toronto municipal taxNot applicable
- First-time buyer rebateNone
- Effective rate on price0%
Payable in cash on closing — it cannot be added to your mortgage. Confirm the exact figure with your real estate lawyer.
Free Mortgage Review
Numbers raising questions?
Tell me what you are trying to do — buying, renewing, refinancing, or something that doesn’t fit a standard bank box. I will come back to you the same business day, usually much sooner.
Office
10 Queen Street West, Elmvale, ON L0L 1P0
Phone
Email
Let’s talk through your options.
Book a 15-minute mortgage strategy call. No application, no credit pull — just a straight conversation about what you are trying to do and how the lending market would treat it.