Canadian Mortgage Calculators

Mortgage Qualifier

Compare up to five down-payment scenarios. Calculates CMHC premium, monthly P&I, carrying costs, and income required at your GDS ratio.

Asking price

Interest rate (%)

Amortization

GDS ratio (%)

Heating ($/year)

Property tax ($/year)

Other ($/year)

Client last name

Client email

Your email (CC)

Scenario 1

Description

Down payment %

Down payment—

First mortgage—

CMHC premium—

Total financing—

Monthly P&I—

Monthly expenses—

Total payment—

Amortization—

Income required—

Scenario 2

Description

Down payment %

Down payment—

First mortgage—

CMHC premium—

Total financing—

Monthly P&I—

Monthly expenses—

Total payment—

Amortization—

Income required—

Scenario 3

Description

Down payment %

Down payment—

First mortgage—

CMHC premium—

Total financing—

Monthly P&I—

Monthly expenses—

Total payment—

Amortization—

Income required—

Scenario 4

Description

Down payment %

Down payment—

First mortgage—

CMHC premium—

Total financing—

Monthly P&I—

Monthly expenses—

Total payment—

Amortization—

Income required—

Scenario 5

Description

Down payment %

Down payment—

First mortgage—

CMHC premium—

Total financing—

Monthly P&I—

Monthly expenses—

Total payment—

Amortization—

Income required—

Saved sets

PDFs are named Description_LastName.pdf. Email client sends all scenario PDFs directly to the client via secure server mail (you are CC'd). Use Download PDFs for a local copy.

Mortgage Payment Calculator

Compare fixed vs variable (prime-linked) mortgages. Canadian semi-annual compounding, quarterly prime simulations, ARM or static-payment VRM.

Mortgage 1 — Fixed

Rate type

Loan amount

Rate (%)

Compounded

Amortization (yr)

Frequency

Term

Payment—

Balance at term—

Interest over term—

Avg rate over term—

Total interest (full amort.)—

Mortgage 2 — Variable

Rate type

Loan amount

Prime rate (%)

Spread (%)

Variable type

Compounded

Amortization (yr)

Frequency

Term

Quarterly prime change (bps) — 4 per year

Payment—

Balance at term—

Interest over term—

Avg rate over term—

Total interest (full amort.)—

Pre-payment Calculator

Estimate fixed or variable mortgage break penalties using lender IRD presets. Upload a statement to pre-fill fields.

Estimate only — not an official penalty quote. Results use general lender policies and the information you enter. Actual prepayment charges can differ based on your mortgage contract, posted rates on the payout date, rounding, discharge fees, and other lender-specific rules.

For your actual penalty, contact your lender directly and request a written payout / discharge statement before selling, refinancing, or breaking your term.

Drop mortgage statement here

PDF or text — balance, rate, lender & maturity auto-detected

Lender

Rate type

Balance outstanding

Your contract rate (%)

Months remaining in term

Maturity date (optional)

Original posted rate at funding (%)

Current posted rate — remaining term (%)

Current contract rate — remaining term (%)

Original discount from posted (%)

BoC reference date

Not a posted rate — use for context only

Estimated penalty (approximate) — —

3 months interest—

IRD component—

Comparison rate used—

Discount applied—

This is an estimate for planning purposes only. Your lender’s official payout quote is the only amount that matters — call or message them for the exact figure.

Mortgage Insurance Calculator

Life and critical illness coverage estimates for single and joint borrowers.

Canadian Mortgage Calculators

Mortgage Qualifier

Scenario 1

Scenario 2

Scenario 3

Scenario 4

Scenario 5

Mortgage Payment Calculator

Mortgage 1 — Fixed

Mortgage 2 — Variable

Fixed vs variable comparison

Amortization schedule

Pre-payment Calculator

Mortgage Insurance Calculator

Single

Joint