MyMortgage.ca Canadian Mortgage Calculators

Canadian Mortgage Calculators & What They Can Do for You!

You can use multiple mortgage calculators to help determine the best type
of mortgage financing for you. A mortgage calculator is a very useful tool for anyone who is considering buying a piece of real estate. A mortgage calculator can help you determine how much house you can afford.

With today's real estate prices, it is very rare to purchase a home outright.
A mortgage calculator can help you establish how much you can afford to borrow, as well as the payments that you will need to make. Calculate your mortgage payments and see how you can save thousands of dollars in interest costs - while paying down your mortgage sooner!

A mortgage calculator allows you to plug in hypothetical numbers. You can choose the price of the house, interest rate and other factors such as mortgage insurance to find the total monthly payment. Each factor can be changed individually, allowing you to find the scenario that works best for you.

Select from our collection of Canadian Calculators below. A new window will open with each selection.

  • Canadian Maximum Mortgage
    Calculate the maximum mortgage amount you qualify for based on your income. A great tool for buyers.
  • Canadian Mortgage Analyzer
    Calculate your mortgage payment. Create an amortization schedule. Discover what you will owe in 5 years.
  • Canadian Payment Analyzer
    Calculate your mortgage payment for several payment frequencies (weekly, bi-weekly, semi-monthly and monthly). Discover how many years you will shorten your amortization.
  • Canadian Prepayment Analyzer
    Calculate your mortgage payment. Discover how many years you will shorten your amortization and how much interest savings you will realize by making a prepayment (lump sum) on your mortgage.
  • Canadian Rent or Buy Analyzer
    Compare the financial advantage of renting and buying based on your current monthly rent, funds towards your down payment and your desired monthly payment if you purchased a home.

Please contact us if you have any questions or would like someone to contact you.

 

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Mortgage Rates

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as of Sep 7, 2010

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