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Use our FREE CMHC Canadian mortgage calculators below to calculate your mortgage payment, to evaluate your present financial and make sound financial decisions.
Using mortgage payment calculator, you will find out how much and how often your payment will be. You'll compare options to decide on one that is right just for you.
Using this Canadian mortgage calculator you can choose a mortgage payment for several payment frequencies (weekly, bi-weekly, semi-monthly and monthly). Discover how many years you will shorten your amortization with different options.
Mortgage Loan Insurance premium is calculated as a percentage of the mortgage loan and is based on the size of your down payment. The higher the percentage of your loan amount vs. the house purchase price that you borrow, the higher is the percentage of insurance premium you will pay.
With this tool you can estimate the Mortgage Insurance Premium you will pay when purchasing your home with less than 20% down. The mortgage insurance premium can be added to your mortgage loan amount and amortized over the life of the mortgage or, you can pay it up front.
The debt service calculator allows you to evaluate your financial situation to understand how much you can comfortably afford to spend on a mortgage. With this calculator you compare your monthly debt and housing expenses to your gross monthly income. We, as mortgage brokers perform this assessment when qualifying you for a mortgage using similar Canadian mortgage calculators.
With the household budget calculator you can compare your income with the debt payments and expected expenses to determine what mortgage amount comfortably fits your budget.
This easy to use calculator helps you estimate the maximum mortgage loan amount you can afford based on your income. Another one of Canadian mortgage calculators that's a great tool for home buyers!
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