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Try our Canadian mortgage calculators

Interactive tools brokers embed on their websites. Test them yourself — no signup required.

🏡 Affordability Calculator

Canadian GDS/TDS ratios · Stress test built in

$

Combined household, before tax

$

Car, credit cards, student loans

$

Down payment is 11.9% of max purchase — CMHC insurance applies (3.1%)

$

Estimate · ~1% of value in ON

$

CMHC standard: $100

$

50% counts toward your debt service ratio

%

We'll qualify you at 7.25% (stress test)

Max Purchase Price$420,314.10
Max Mortgage Amount
$370,314.10
CMHC Insurance Premium

Added to mortgage and financed

$11,479.74 (3.1%)
Total Mortgage (incl. CMHC)
$381,793.83
Down Payment
$50,000.00 (11.9%)
Monthly P&I (at qualifying rate)
$2,733.33
Total Monthly Housing Cost

P&I + property tax + heating

$3,166.67
GDS Ratio

Lender max: 39%

38.0%
TDS Ratio

Lender max: 44% — binding

44.0%

Why this number?

Your max is set by total debt costs (housing + other monthly debts) hitting 44% of gross income.

🏠 Mortgage Payment Calculator

Canadian mortgage · Semi-annual compounding

$
$100K$2M
$
5%50%

20.0% of purchase price

%

📊 Results

Monthly Payment
$2,383.67
Mortgage Amount
$400,000.00
Total Interest (25-yr amortization)
$315,101.62
Total Cost (principal + interest)
$815,101.62

Stress Test (informational)

Qualifying rate: 7.25% · Qualifying payment: $2,863.67

Per OSFI guidelines: higher of contract rate + 2% or 5.25%

🔑 Closing Cost Calculator

Province-specific Land Transfer Tax + estimated closing costs

$

First-time home buyer

May qualify for LTT rebate

CMHC insured mortgage

PST on premium applies in ON, MB, QC, SK

Estimated Closing Costs

Total Estimated Range$8,425.00 – $13,475.00

Land Transfer Tax (net)

$6,475.00

Legal / Lawyer fees (est.)

$1,500.00 – $3,000.00est.

Title insurance (est.)

$150.00 – $400.00est.

Home inspection (est.)

$300.00 – $600.00est.

Property tax adjustment (varies)

Depends on closing date and annual tax amount

$0.00 – $3,000.00est.

Estimated costs are for guidance only. Confirm exact amounts with your lawyer or notary.

💰 Refinance Savings Calculator

Compare your current mortgage to a potential refinance

Current Mortgage

$
%

New Mortgage

%

Refinance Costs (optional)

$
$

Legal, appraisal, discharge

📊 Results

Current Monthly Payment
$2,441.57
New Monthly Payment
$2,147.67
Monthly Savings
$293.89
Total Interest — Current

Remaining amortization

$332,469.78
Total Interest — New

Over new amortization

$244,301.90
Lifetime Interest Savings
$88,167.88
Break-Even Point

Penalty + closing costs ÷ monthly savings

0 months
Net Savings After Costs
$88,167.88

🏠 Rent vs Buy Calculator

Compare the all-in cost of renting vs buying over a holding period

If you rent

$
%

If you buy

$
$
%
$
%

Typical: 1% of home value

$

LTT + legal + inspection

%

Realtor commission + legal

Time horizon

%

CREA long-term avg: ~3%

Buying is cheaper byOver 5 years
$1,852.70
Total Rent Paid

5 years with 2.5% annual increase

$157,689.86
Total Out-of-Pocket (Buying)

Down + P&I + tax + maintenance + closing

$429,186.70
Monthly P&I
$3,337.14
Final Home Value

After 3.0% annual appreciation

$811,491.85
Mortgage Balance at Sale
$497,567.71
Net Sale Proceeds

After 5.0% selling costs

$273,349.55
Net Cost of Owning

Total out-of-pocket minus net sale proceeds

$155,837.15

What this means

Over 5 years, buying saves you $1,852.70 compared to renting at this rate. Home appreciation + paydown of principal both work in your favor.

💰 Lump Sum Prepayment Calculator

See how much interest you save and how much faster you pay off

Your Mortgage

$
%

Your Prepayment

$

Check your prepayment privilege — most lenders allow 10–15% per year

Sooner = more interest saved

Interest Saved

$25,446.20

Paid Off Sooner By

1 year, 2 months

Monthly Payment (Unchanged)
$2,383.67
Total Interest — Baseline

No prepayment, full 25-year amortization

$315,101.62
Total Interest — With Lump Sum
$289,655.42
Original Payoff
25 years
New Payoff
23.8 years

What this means

A $10,000.00 prepayment saves you $25,446.20 in interest over the life of the mortgage and shortens it by 1 year, 2 months. Every dollar prepaid goes straight to principal — no future interest on it.

Coming soon

More calculators in the pipeline

Built for Canadian brokers who want to go beyond the basics.

Soon

HELOC

Home equity line of credit — how much you can borrow against your home

Soon

Smith Maneuver

Canadian strategy: turn non-deductible mortgage interest into tax-deductible investment interest

Soon

Investment ROI

Cap rate, cash-on-cash, and total return on a rental property

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The same calculators, on your website, capturing leads for you.

📋

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