Free Mortgage Calculators: Payment, Affordability & More

Mortgage Calculators

Free tools for buyers in British Columbia, Alberta & Ontario

Mortgage Payment Calculator

Calculated using Canadian semi-annual compounding. CMHC insurance is added automatically when your down payment is under 20%.

Home price

Down payment ($ amount)

Interest rate (%)

Amortization

Payment frequency

Affordability Calculator

Estimates the maximum home you may qualify for using lender GDS/TDS ratios at the federal stress-test rate.

Gross annual household income

Monthly debt payments (car, loans, cards)

Down payment available

Mortgage rate (%)

Amortization (years)

Est. annual property tax

Land Transfer Tax & Closing Costs

Provincial rates for BC, Alberta & Ontario, including Toronto's municipal tax and first-time buyer relief.

Province

Purchase price

Mortgage amount (Alberta registration fee)

First-time home buyer Property is in the City of Toronto

Down Payment & CMHC Insurance

Shows your minimum required down payment and the CMHC default-insurance premium when you put down less than 20%.

Home price

Down payment

First-time buyer / new build (30-yr amortization)

Mortgage Stress Test

Lenders qualify you at the greater of your rate + 2% or 5.25%. See the payment you must prove you can afford.

Mortgage amount

Your contract rate (%)

Amortization (years)

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These calculators provide estimates for general information only and do not constitute financial, legal, or tax advice or an offer of credit. Tax rates, CMHC premiums, and lending rules current as of 2025 and subject to change. Actual figures depend on your full application, lender, and closing details. Please contact us for personalized advice.