Latest Mortgage Rates Canada
Compare current rates from Canada's top lenders including Big 6 Banks and monoline lenders. Updated twice daily.
Mortgage Calculators & Tools
Free Canadian mortgage calculators to help you plan your home purchase. Calculate payments, affordability, taxes, and insurance with accurate, up-to-date formulas.
Mortgage Payment Calculator
Calculate your monthly mortgage payments, amortization schedule, and see how much interest you'll pay over the life of your loan.
This tool answers:
- ✓What will my monthly mortgage payment be?
- ✓How much interest will I pay over 25 years?
- ✓How do extra payments affect my mortgage?
- ✓What's the difference between monthly and bi-weekly payments?
Mortgage Affordability Calculator
Find out how much house you can afford based on your income, debts, and down payment. Includes GDS and TDS ratio calculations.
This tool answers:
- ✓How much mortgage can I afford?
- ✓What price range should I look at?
- ✓Do I meet the stress test requirements?
- ✓How do my existing debts affect affordability?
Land Transfer Tax Calculator
Calculate land transfer taxes for any Canadian province. Includes first-time homebuyer rebates and Toronto municipal tax.
This tool answers:
- ✓How much land transfer tax will I pay?
- ✓Do I qualify for first-time buyer rebates?
- ✓What's the difference between provincial and municipal tax?
- ✓How much can I save with rebates?
Mortgage Renewal Calculator
Compare renewing with your current lender vs shopping for a better rate. Calculate potential savings, monthly payment differences, and break-even analysis.
This tool answers:
- ✓Should I renew with my current lender or shop around?
- ✓How much could I save by switching lenders?
- ✓Is it worth paying switching costs?
- ✓What's my break-even point for changing lenders?
CMHC Insurance Calculator
Calculate your CMHC mortgage insurance premium. See how your down payment affects your insurance costs and total mortgage amount.
This tool answers:
- ✓How much CMHC insurance will I pay?
- ✓What's the minimum down payment required?
- ✓How does a larger down payment save on insurance?
- ✓Is mortgage insurance required for my purchase?
Rent vs Buy Calculator
Compare the financial impact of renting vs buying a home. See your break-even point and long-term net worth with each option.
This tool answers:
- ✓Should I rent or buy a home?
- ✓What's my break-even point?
- ✓Which option builds more wealth?
- ✓How do appreciation and investments compare?
Refinance Calculator
Calculate if refinancing your mortgage makes sense. Compare rates, estimate penalties, and see your break-even point and savings.
This tool answers:
- ✓Should I refinance my mortgage?
- ✓What's my penalty to break early?
- ✓When will I break even?
- ✓How much will I save by refinancing?
Closing Costs Calculator
Calculate total closing costs for buying a home in Canada. Includes land transfer tax, legal fees, and province-specific rebates.
This tool answers:
- ✓How much are closing costs?
- ✓What fees do I pay when buying?
- ✓Do I qualify for first-time buyer rebates?
- ✓How much cash do I need to close?
Mortgage Penalty Calculator
Calculate your penalty for breaking your mortgage early. Estimate 3-month interest or IRD penalties for fixed and variable rates.
This tool answers:
- ✓How much is my mortgage penalty?
- ✓3 months interest or IRD - which applies?
- ✓Can I reduce my penalty?
- ✓What's the cost to break my mortgage?
Stress Test Qualifier
Check if you qualify for a mortgage under Canada's stress test rules. Calculate GDS and TDS ratios to see if you can get approved.
This tool answers:
- ✓Will I pass the stress test?
- ✓What are my GDS and TDS ratios?
- ✓How much income do I need?
- ✓Do I qualify for a mortgage?
Why Use Our Mortgage Calculators?
Accurate Calculations
Built with Canadian mortgage rules including stress test requirements and provincial tax rates.
Instant Results
Get immediate answers to your mortgage questions with our fast, easy-to-use calculators.
Private & Secure
No personal information required. All calculations happen in your browser.
Frequently Asked Questions
Are these calculators accurate?
Yes, our calculators use standard Canadian mortgage formulas and current rates. However, final approval depends on your lender's specific criteria.
Do I need to create an account?
No, all our calculators are completely free and require no registration or personal information.
What's the mortgage stress test?
Canadian lenders must qualify you at a higher rate (currently 5.25% or your contract rate + 2%, whichever is higher) to ensure you can handle rate increases.
Can I save my calculations?
While we don't save calculations, you can bookmark any calculator page with your inputs in the URL to return later.
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