Mortgage Resource Centre
Canadian Mortgage Calculators
Quick, transparent estimates. Each calculator states its assumptions so you know what the number does — and does not — mean.
Mortgage payment
Assumptions and limits: Fixed rate, semi-annual compounding as required for Canadian fixed-rate mortgages, monthly payments, no insurance premium. Estimates only — not an approval, rate guarantee or advice.
Private mortgage cost
Assumptions and limits: Interest-only, simple annual interest, fees paid once. Excludes renewal, discharge and penalty costs. Estimates only — not an approval, rate guarantee or advice.
Mortgage affordability
Assumptions and limits: Uses 39% GDS and 44% TDS limits, 25-year amortization and the qualifying (stress-test) rate you enter. Excludes condo fees, down payment rules and lender-specific policy. Estimates only — not an approval, rate guarantee or advice.
Loan-to-value (LTV)
Assumptions and limits: Include every mortgage and HELOC balance for combined LTV. Lenders use the appraised value, which may differ from your estimate. Estimates only — not an approval, rate guarantee or advice.
Home equity available
Assumptions and limits: Available equity = value × maximum LTV − existing balances. Refinances and HELOCs are generally capped at 80% LTV; private first mortgages at up to 75%. Income and credit still apply. Estimates only — not an approval, rate guarantee or advice.
Reverse mortgage (illustrative)
Estimate how much a homeowner 55+ might access and how the balance could grow.
Open the reverse mortgage calculator →Educational information only — not financial, legal or tax advice, and not an offer or approval. Rates and lender policies change; all financing is subject to lender approval.