Mortgage Calculators



Mortgages Canada has put together a collection of helpful, easy to use mortgage tools and calculators to help you better understand your current financial situation. We have the best mortgage calculators online, at your disposal online. Our extensive list will help you obtain the answers to all of your questions.
Our tools will provide you with insight and understanding about one of the most important transactions in your life. We can assist you with deciding whether it's 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.

 
Calculate Mortgage Payments

Mortgage Payment Calculator



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

 
Rent vs Buy Calculator

Rent versus Buy



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

 
Variable Isolator Calculator

Mortgage Variable Isolator Calculator



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

 
Mortgage Principal Calculator

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 Principal Calculator

Mortgage Length Calculator



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

 
Mortgage Prepayment Calculator

What if I Pay More Every Month?



See how your mortgage will be reduced, if you pay a specific amount more every month. Use this to calculate how mortgage prepayments affects your overall mortgage.

 
Maximum Mortgage Calculator

Maximum Mortgage Calculator


Calculate the maximum mortgage amount that you qualify for based on your stated income. Use this to compare the difference in amounts if you pay off your debts in your loan.

 
Payment per Thousand Paid Calculator

Payment per Thousand Financed


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

 
Mortgage Refinance Calculator

Should I Refinance?



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

 
Mortgage Interest Only Calculator

Interest-Only Calculator



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

 
Mortgage Interest Only With Repayments Calculator

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.

 
Loan Comparison Calculator

Which Loan is Better?



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

 
Standard vs Bi-weekly Comparison

Standard vs. Bi-Weekly



You heard that bi-weekly payments can significantly decrease the time it takes to pay-off your mortgage? Check it out with this calculator.

 
Credit Card Payoff Calculator

How Can I Pay off 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 your credit card debt even sooner.

 
Commercial Mortgage Calculator

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 or guarantee, expressed or implied, for the accuracy of the information obtained by using these calculators or its applicability to your specific financial situation. While we make every effort humanly possible to maintain the highest degree of accuracy, every situation is different. Please consult an experienced Mortgages Canada representative for more information.