Mortgage calculators
The short version
Free tools for every stage of a mortgage. See what you can afford, your monthly payment, your closing costs and how the stress test changes the number. Already own? Compare your renewal, the cost of breaking your term, or a different amortization. Results are estimates, not a rate offer or an approval.
Want the numbers checked by a person?
We will run your actual file against real lender guidelines.
What a calculator cannot tell you
These tools are genuinely useful for getting oriented, and we would rather you ran the numbers before talking to anyone. But it is worth being clear about where they stop, because the gap between a calculator result and a lender decision is where people get caught.
- Whether a lender will actually use your income. A calculator takes the number you type in. A lender decides how much of your overtime, commission, bonus, rental or self-employed income it will count, and the answer varies considerably between lenders.
- What your credit history does to the answer. Credit affects which lenders will look at you and on what terms, and no calculator knows your file.
- Whether the property qualifies. A small condominium, a rural property, a building with a weak reserve fund or a home with knob and tube wiring can all narrow or close off the lender pool regardless of how strong your numbers look.
- What the appraisal will say. Lenders fund against appraised value, not the price you agreed to pay. On a new build bought years earlier that gap is a real risk.
- Which lender is actually right for you. Rate is one term among many. The prepayment penalty, the portability terms and the prepayment privileges matter enormously if life changes mid-term, and they vary far more between lenders than rates do.
Everything here is an estimate, not a rate offer and not an approval. We do not publish current mortgage rate figures anywhere on this site. When you want the real number, send us the details and we will run your file against actual lender guidelines rather than assumptions.