Mortgage tools
Sketches for a GTA file. You type the rate and the other figures. None of them is an approval, and none of them starts with a rate filled in.
- Affordability calculatorAn illustrative affordability sketch from income, debts, and a rate you enter. It is not a mortgage approval.
- Prepayment penalty estimatorAn illustrative comparison of a three-month interest penalty and a simplified interest-rate differential. Your lender's formula controls the real figure.
- Closing costs and land transfer taxOntario and Toronto land transfer tax from the published brackets, plus closing costs you enter. Confirm the tax with your lawyer.
- Renewal calculatorCompare a renewal payment using the balance, rates, and amortization you type in. The lender's renewal offer still governs.
- Required income calculatorAn illustrative income sketch from a price, a down payment, and a rate you enter. It is not a mortgage approval.
- Rental suite qualifierSee how a basement or secondary suite rent offset you type changes an illustrative debt-service sketch. The lender decides if the rent counts.
- Compare a renewal offer with a switchAn illustrative payment and interest comparison of a renewal offer and a switch. You type the balance, both rates, the term, and the costs. It is not advice to stay or leave.
- Payment calculatorEstimate a payment from a price and a rate you type in. No rate is filled in for you.