Are these mortgage calculators accurate?

They use Canadian semi-annual compounding, current default insurance premium tiers, the federal stress test rate and Ontario land transfer tax brackets, so the numbers are close. They are still estimates: your lender's exact payment depends on your approval, closing date and payment schedule.

What interest rate should I enter?

Use the rate you have been quoted. If you don't have one, call us and we'll give you a current A-lender rate for your situation rather than a teaser number.

Why is my affordability number lower than I expected?

Lenders qualify you at the greater of your contract rate plus two percent or 5.25 percent, and cap housing costs at 39 percent of gross income and total debts at 44 percent. Property tax, heat and half of any condo fee count against you.

Can you confirm these numbers for my file?

Yes. Send your details or call 866-349-4915 and Phil Cragg will run the numbers against real lender products and put the payment, term and penalty language in writing.

Mortgage Calculators

Ontario - License #11000073 · Nova Scotia - Licence #2023-3000786 · Mortgage Outlet Inc #12628

Run your own numbers before anyone quotes you a rate

Four Ontario mortgage calculators built on the rules lenders actually use: payment, affordability with the stress test, land transfer tax with Toronto rebates, and a renewal comparison in dollars.

Have us verify your numbers 866-349-4915

Payment, interest and balance

Mortgage Payment Calculator

See your payment at any frequency, the interest you pay over the term, and the balance left at maturity.

Open the mortgage payment calculator

How much you can afford

Mortgage Affordability Calculator

Find your maximum purchase price using the same GDS, TDS and stress-test limits Ontario lenders apply.

Open the affordability calculator

Closing-day tax in dollars

Ontario Land Transfer Tax Calculator

Provincial and Toronto municipal land transfer tax, with first-time buyer rebates applied automatically.

Open the land transfer tax calculator

What re-signing costs you

Mortgage Renewal Comparison Calculator

Compare your lender's renewal offer against a agent rate and see the difference in real dollars.

Open the renewal comparison calculator

Credentials you can check

A-lender access

Banks, monolines and credit unions compared side by side.

Mortgage Agent Level 2

Licensed Mortgage Agent Level 2 serving Ontario borrowers.

Same-day callbacks

You speak with an agent, not a call queue.

CMP Top 75 Agent 2025

Recognized among Canada’s top mortgage professionals in 2025.

15+ years experience

Helping Ontario borrowers find the right mortgage for over 15 years.

FAQ

Questions about the calculators

Still unsure? Call 866-349-4915 and ask directly.

Are these mortgage calculators accurate?: They use Canadian semi-annual compounding, current default insurance premium tiers, the federal stress test rate and Ontario land transfer tax brackets, so the numbers are close. They are still estimates: your lender's exact payment depends on your approval, closing date and payment schedule.
What interest rate should I enter?: Use the rate you have been quoted. If you don't have one, call us and we'll give you a current A-lender rate for your situation rather than a teaser number.
Why is my affordability number lower than I expected?: Lenders qualify you at the greater of your contract rate plus two percent or 5.25 percent, and cap housing costs at 39 percent of gross income and total debts at 44 percent. Property tax, heat and half of any condo fee count against you.
Can you confirm these numbers for my file?: Yes. Send your details or call 866-349-4915 and Phil Cragg will run the numbers against real lender products and put the payment, term and penalty language in writing.

Numbers look close? Let's confirm them with a real lender

We'll take your figures, check them against current A-lender products and tell you exactly what you qualify for.

Request a rate quote 866-349-4915