Looking At Your Mortgage Options?
Make Sense of Your Dollars With These Services
Our mortgage calculator below estimates your monthly payments and full amortization schedule for the life of your mortgage. Whether your are purchasing your first property or looking for an investment property, knowing your options and cash flow implications is critical in making sound financial decisions.
With our calculator, you cannot only use it, but have it mailed to you, get a printed copy and use to talk to your mortgage broker.
Annual interest rate
The annual interest rate used to calculate your monthly payment. Please note that the interest rate is different from the Annual Percentage Rate (APR), which
Original mortgage term
Total length, or term, of your original mortgage in years. Common terms are 15, 20 and 30 years.
Years Remaining
Total number of years remaining on your original mortgage.
Original mortgage amount
The original amount financed with your mortgage, not to be confused with the remaining balance or principal balance.
Additional principal payment
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Current mortgage payment
Monthly principal and interest payment (PI) based on your original mortgage amount, term and interest rate.
Monthly accelerated payment
Scheduled payment plus your additional principal payment.
Total savings
Total amount you would save in interest if you made the accelerated payment until your mortgage was paid in full.
Frequently Asked Questions
Is the mortage calculator for free?
Yes and depending on your situation there could be many options available for you.
I’m self employed, not working or on disability, can you help?
Yes, and depending on your situation there could be many options available for you.
I have credit issues, can I still qualify?
Yes, there are many options available for almost any scenario. There’s no one size, fits all solutions and I’ll make a customized plan that’s tailored to fit your needs.
What three numbers are required?
Yes and depending on your situation there could be many options available for you.
How much do I need for a down payment?
A minimum down payment of 5- 20% is required. If your down payment is less than 20% then you will have to purchase mortgage insurance.
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