Mortgage Calculator – Canada

Plan every step of buying, renewing or refinancing a home in Canada, with the math done the Canadian way. SEVEN CALCULATORS • Mortgage payment: your payment at every frequency (monthly, biweekly, weekly and accelerated), with mortgage default insurance and minimum down payment rules built in • Compare mortgages: put scenarios side by side, with the monthly and yearly difference • Land transfer tax: Ontario, Toronto, BC, Manitoba, Alberta and Saskatchewan, with first-time buyer rebates • Renewal: see how a new rate changes your payment and what you'll owe at the next renewal • Refinance: equity you can access, the new payment and when breaking your mortgage pays off • Affordability: the highest price you could qualify for under the stress test, and what's holding you back • Prepayment: how much interest and time extra payments save CANADIAN CONVENTIONS Fixed rates are compounded twice a year and variable rates monthly, as Canadian lenders do. Insurance premiums, the stress test, GDS and TDS limits and land transfer tax brackets are dated and sourced. You always enter your own rate; we never show a rate as a lender's offer. HOUSING MARKET Statistics Canada's new housing price index and CMHC housing starts for Canada, four provinces and four large cities, with charts and the release date of every figure. LEARN Plain-language answers about term vs amortization, fixed vs variable, accelerated payments, insurance and more, plus a glossary. PREMIUM Every calculator and its result is free. Premium adds the full amortization schedule (every year and every payment), term and lifetime totals, payoff dates, interest saved, CSV export, comparison of up to five mortgages, and removes ads. Choose Premium Lifetime (one payment) or Premium Monthly (auto-renewing, cancel anytime in your Apple ID settings). Or get a free 1-Day Pass by watching two short ads. Available in English, Français, 简体中文 and 繁體中文. Estimates are for education only and are not financial advice or a lending offer. Not affiliated with any bank, lender, Statistics Canada, CMHC or government body. Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Privacy: https://christopher921.github.io/mortgage-calculator-canada/privacy.html Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/