Buyers info

Let's Calculate

Using an online calculator is the most convenient way to help you assess your mortgage payment options and other expences that may arise when you are purchacing a home. Here are a list of a few helpfull tools for Canadian homebuyers, all of which are the most comprehensive of their kind. While many lenders have calculators of their own, these seem to be the easier to use and offer more detailed information that answers some of the most common homebuyer questions.


When mortgage lenders evaluate your ability to afford a loan, they consider all the factors in the loan, such as the interest rate, private mortgage insurance and homeowner's insurance. They also consider your own financial profile, including how the monthly mortgage payment will add to your overall debt and how much income you are expected to make while you are paying for the home. This calculator will estimate the size of a home mortgage loan you can afford to borrow based on the size of your current monthly rent payment. maximum mortgage loan you could potentially qualify for. The answer is not exact, as a pre-approval can only come from a lender, but this easy to use tool helps you estimate the maximum mortgage you can afford to see what kind of property to consider.


Mortgage payment calculator helps people understand how much their monthly mortgage payment will be. By entering the asking price of a home you are thinking of buying, you can play around with various down payment options, see if CMHC insurance will be added and get an idea of how much you can expect to pay each month. Want to know how much and how often your mortgage payments will be? Use this calculator to compare options and find one that's right for you.

Rent vs Buy

Conventional wisdom says that it's better to buy a home. Otherwise, you're just "wasting money" on rent that you could be putting toward building equity in your home and shoring up an investment that can stay with you until you retire. However, from a purely economical standpoint, deciding whether to buy or rent a home may not always be so black and white. Your current financial circumstances and the state of the current housing market both play a big role in determining what is the right choice for you. Are you still renting and considering buying your home? Use this free online calculator to compare the costs and benefits of each.

Land Transfer Tax

Land transfer tax calculator can help you calculate one of the most expensive closing costs you will face on closing day. Land transfer tax applies to the purchase of a home in most provinces and our calculator will help you see how much it could add up to and whether or not you qualify for a rebate.

CMHC Insurance

The CMHC insurance calculator shows you how the size of your down payment can affect the amount of CMHC insurance you will need to pay. Mortgage loan insurance premiums are calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums. Obviously, if your down payment is 20% or more, you won’t have to get mortgage default insurance, but the tool will show you the dollars you are saving comparable to the lower downpayment amount.(i.e. if you are paying 5-19.99%)