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Mortgage Calculators

Three quick calculators: estimate your monthly payment, see how much home you can afford, and find out if refinancing makes financial sense right now.

Mortgage Payment Calculator

What will my monthly payment be?

Adjust the sliders to match your scenario. Your estimate updates instantly.

Purchase price $650,000

Down payment $130,000

Interest rate 4.79%

Amortization 25 yrs

Affordability Calculator

How much home can I afford?

Based on GDS / TDS guidelines (39% / 44%) used by most Canadian lenders.

Household income (annual) $120,000

Monthly debt payments $500

Interest rate 4.79%

Estimate assumes $200/mo for property tax and heating, a 25-year amortization, and GDS/TDS caps of 39%/44%. Actual qualification also depends on credit, down-payment source, property type, and the lender's stress-test qualifying rate (higher of contract rate + 2% or 5.25%). Use this as a starting point only.

Refinance Savings Calculator

Would refinancing save me money?

Compare your current rate against a new rate across the remaining term.

Current mortgage balance $450,000

Current rate 5.79%

Potential new rate 4.49%

Remaining amortization 22 yrs

This does not account for early-payout penalties on your existing mortgage. I'll run the real math (including penalty) on request.

Estimated Monthly Payment

$2,950

Principal & interest only

Mortgage amount$520,000

Down payment20.0%

Total interest (life)$365,000

Total cost of mortgage$885,000

You Could Afford About

$620,000

Home purchase price estimate

Max monthly payment$3,300

GDS ratio cap39%

TDS ratio cap44%

Potential Monthly Savings

$350

Before early-payout penalty

Current monthly payment$2,840

New monthly payment$2,490

Total savings over term$92,000

Get Your Real Rate → ☎ Call 289-834-9099

Estimates based on your inputs. Actual rates and qualification depend on lender guidelines.

Personalised Mortgage Report

Want this scenario emailed to you as a report?

I'll email you a tailored one-page summary with current rate options from my 140+ lender network — based on the numbers you ran above.

Let's run real numbers on your real file

A quick conversation and I can tell you exactly what you qualify for and at what rate.

Start Pre-Qualification ☎ Call 289-834-9099

You'll be working with

Abhishek Gangal

Mortgage Agent Level 1 · DLC FC Funding · Licence #10671

Every form goes directly to me. No call centre, no gatekeepers.

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