Mortgage Calculators

Our mortgage payment calculator calculates your monthly payment and shows you the corresponding amortization schedule. If you are purchasing a home, our payment calculator allows you to test down payment and amortization scenarios, and compare variable and fixed mortgage rates.

Important Note: All calculators are a guide only and should not be considered a quote, a loan offer, or investment advice. Other criteria may need to be considered and before taking out a loan you should consult your financial adviser.

What is a Mortgage?
A mortgage is a loan that a bank or mortgage lender gives you to help finance the purchase of a house. It is most advantageous to borrow approximately 80% of the value of the house or less. The house you buy acts as collateral in exchange for the money you are borrowing to finance the mortgage for a house. A mortgage payment is composed of four parts: principal, interest, taxes and insurance. It is normally paid on a monthly basic.

Principal
Principal is the total amount of money you borrowed to buy the home (e.g., If you have a $200,000 mortgage loan, the beginning principal balance is $200,000).

Interest
Interest is the price that you pay to borrow money from your lender.

Taxes
Taxes are the property taxes you pay as a homeowner. They are typically calculated based upon the value of your house.

Mortgage Insurance
Mortgage insurance includes homeowners insurance and could include mortgage insurance (MI). You are required to get homeowners insurance by your lender to cover your house and possibly the property inside. If your down payment is less than 20%, you will have to pay mortgage insurance which protects the lender if you default on your mortgage loan.

Using an online mortgage calculator is the most convenient way to help you assess your mortgage payment options. Choose any of these easy-to-use interactive calculators and tools below to help you model any complex mortgage and investment related scenarios.
⌨ MORTGAGE CALCULATOR ▾

⌨ MORTGAGE AFFORDABILITY CALCULATOR ▾

⌨ LAND TRANSFER TAX CALCULATOR ▾

⌨ REFINANCE CALCULATOR ▾

⌨ HOME EQUITY LOAN CALCULATOR ▾

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