Canadian mortgage calculators
Built on correct Canadian mortgage mathematics — semi-annual compounding, real stress-test rules, and province-by-province land transfer taxes. Your figures carry between tools, so you only enter them once.
Buying
- Mortgage paymentCalculate your Canadian mortgage payment with correct semi-annual compounding, compare payment frequencies and see your full amortization schedule.
- AffordabilityFind out how much house you can afford in Canada using GDS and TDS ratios and the mortgage stress test, and see exactly which constraint is limiting you.
- Down payment & insuranceCalculate your minimum down payment in Canada, whether you need mortgage default insurance, the premium, and your total financed mortgage.
- Land transfer taxCalculate land transfer tax in every Canadian province, including Toronto's municipal tax, first-time buyer rebates and total cash needed to close.
- Fixed vs variableCompare fixed and variable mortgage scenarios over your term — payment path, interest cost and end-of-term balance. Scenarios, not forecasts.
- Rent vs buyCompare renting against buying over your time horizon, including equity, ownership costs, selling costs and the return on a renter's invested cash.
- First-time buyer planPlan your down payment using savings, FHSA, the RRSP Home Buyers' Plan and gifted funds, and see your cash-to-close surplus or shortfall.
- Purchase + improvementsFinance renovations into your purchase mortgage. See the total financing, down payment required and what the improvements add to your payment.
- Income requiredFind out the household income needed to qualify for a specific home price in Canada, at the mortgage stress-test rate.
Owning
- Home equityCalculate your home equity, current loan-to-value and how much you could potentially access through a refinance or second mortgage.
- Prepayment savingsSee how much interest you save and how many years you cut off your mortgage by making extra payments or annual lump sums.
- Payment frequencyCompare monthly, semi-monthly, biweekly, accelerated biweekly and weekly mortgage payments, and see how much accelerated schedules really save.
Renewing
- Renewal / payment shockSee what your mortgage payment will be at renewal under different rate scenarios, and how much your monthly and annual cash flow will change.
- Break penaltyEstimate the cost of breaking your mortgage early — three months' interest versus the interest rate differential — with the lender caveats that matter.
- Refinance break-evenWork out whether refinancing is worth it: penalty and fees against your monthly savings, break-even point and the true interest cost difference.
Borrowing
- Debt consolidationSee how consolidating credit cards and loans into your mortgage changes your monthly cash flow — and what it costs in total interest.
- Mortgage vs HELOCCompare an amortizing mortgage against a readvanceable mortgage with an interest-only HELOC portion — payments, interest and remaining balance.
- Private mortgage costCalculate the true cost of a private or alternative mortgage including lender, broker and legal fees, and the effective annual cost on funds received.
- Second mortgageCalculate the maximum second mortgage available against your equity, combined loan-to-value, payments, fees and net funds you would receive.
Investing
20 of 20 calculators are live.