Eva Gooding // 905-691-2401 // evagooding@royallepage.ca

...Disclaimer

It's a good idea to crunch numbers on your own for learning purposes and to get the ball rolling. But, as you progress beyond the initial stages of thinking about buying a home, you should get in touch with a professional Mortgage Specialist. Our calculator is used for illustrative purposes only. The projected amounts are based on assumptions and estimates made according to generally accepted principles for mortgages in Canada. I'd be happy to connect with you a few Mortgage Specialists in order to give you the clearest picture of what you can comfortably afford.

 

In the meantime, use the calculator below to figure out:

  1. The maximum home price you can afford

  2. The maximum mortgage amount you can borrow 

  3. Your monthly mortgage payments (including principal and interest)

Mortgage Calculator

Purchase Amount: Down Payment:
Interest Rate: % Payment Interval:
Mortgage Term (Years)    
Closing Costs ($): Closing Costs (%):
Loan Amount:
Interest Rate:
Payment Interval:
Mortgage Term:
Payment:
Total Payments:
Total Amount Paid:
Total Interest Paid:
This calculator is for information purposes only. Users should not use this calculator to make any financial decisions and should speak with their bank or mortgage broker. The website owner does not guarantee the accuracy or reliability of any information or calculations provided by this calculator. The website owner is not liable for loss or damage of any kind arising from the use of this tool.
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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.