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Mortgage Calculator

It’s much easier to search for your new home when you know what you can comfortably afford. Use our mortgage calculator to determine mortgage payments based on a number of different scenarios including rates, payment schedules, and more.

How to estimate mortgage payments

Our mortgage calculator lets you test out different scenarios to determine your total mortgage and monthly payments. It calculates your mortgage payment using the price of your property, the down payment amount, and mortgage insurance amount (if your down payment is less than 20% of the purchase price). You can compare different mortgage types like variable, closed, and open mortgage rates, as well as compare various down payment and amortization periods.

If your down payment is less than 20% of the purchase price, you will be required to purchase Mortgage Insurance. The insurance premium can be added to your mortgage, however, you will need to pay the PST in your closing costs.

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