Calculator
Model your mortgage in real time.
Switch between what you'll pay, what you can afford, what renewing could save you, and what closing will cost. Every field updates the results instantly — nothing to submit.
Calculator
Model your mortgage in real time
Switch between what you'll pay, what you can afford, what renewing could save you, and what closing will cost. Every field updates the results instantly — nothing to submit.
Minimum down payment: 5% · Maximum amortization: 25 years (30 with 20%+ down)
Insurance premium is estimated automatically from the down payment tier and amortization — see the Payment sheet for the full table.
- Loan amount
- $520,000
- Insurance premium
- $0
- Total mortgage
- $520,000
- Interest over amortization
- $414,826
- Total cost of home
- $1,064,826
- Mortgage-free by
- October 2051
Balance over the life of the loan
How your balance, interest paid and principal paid move year to year.
Year-by-year schedule
Payments, interest and principal summarized by year.
| Year | Payments made | Principal paid | Interest paid | Remaining balance |
|---|
Car loans, credit cards, student debt, etc.
Sets the CMHC insurance rate together with amortization (25 yrs: 4.0% / 3.1% / 2.8% · 30 yrs: 4.2% / 3.3% / 3.0%). At 20% no CMHC insurance applies and the GDS / TDS limits become 45% / 45%.
We check both housing-cost and total-debt ratios (39% / 44%; 45% / 45% with 20% down), the same limits lenders use, and qualify you at the higher of your rate + 2% or 5.25%.
- Maximum mortgage
- $433,726
- CMHC rate
- 4.0%
- CMHC insurance premium
- Net mortgage
- $417,044
- Stress-test rate
- 7.25%
- Monthly mortgage payment
- $2,599
- Housing costs (GDS)
- 33.2%
- Total debt (TDS)
- 37.5%
- Limiting factor
- Total debt (TDS)
What's driving your number
How income, debt and down payment each shape your maximum purchase price.
The payment/savings figures use your selected frequency; interest and balance figures are always modelled monthly, same as the Payment calculator.
- Current payment
- $3,042
- New payment
- $2,796
- Current interest over term
- $110,014
- New interest over term
- $88,464
- Current balance at term end
- $377,473
- New balance at term end
- $370,695
Balance over your renewal term
How much faster you pay down principal at the new rate vs. staying put.
Minimum down payment: 5% · Maximum amortization: 25 years (30 with 20%+ down)
Land transfer / title registration uses Alberta's real registration-fee formula, or a flat effective rate for other provinces — see the Closing Costs sheet for details.
- Ancillary costs
- $1,500
- Insurance premium
- PST on insurance
- $0
- GST/HST (newly built)
- $0
- GST/HST new-housing rebate
- $0
- Land transfer / title registration
- $1,064
- First-time buyer rebate
- $0
Where the cost comes from
Each category's contribution to your total estimated closing cost.
The short version
What happens when you move a slider
Every calculator on the site runs the same three steps.
-
01
Set your numbers
Price, down payment, rate and amortization — drag the sliders or pick a preset. Nothing is sent anywhere; it's all calculated in your browser.
-
02
Read the breakdown
Payment, insurance, total interest and payoff date update together, so you can see exactly what moves the number.
-
03
Talk to someone
When the numbers make sense, we turn the estimate into a real, rate-locked offer — with no obligation to proceed.
Ready when you are
Get your real rate, not an estimate.
Free, no-obligation review with a licensed broker — usually within one business day.