MORTGAGE CALCULATORS AND MORE
Buying a home is one of the most important financial decisions that most Canadians will make in their lifetime. That’s why you should take the time to be as prepared as possible. Run some scenarios with our Purchasing Calculators before you meet with your Mortgage Consultant. Below are some of our calculators;
MORTGAGE CALCULATORS AND MORE
Buying a home is one of the most important financial decisions that most Canadians will make in their lifetime. That’s why you should take the time to be as prepared as possible. Run some scenarios with our Purchasing Calculators before you meet with your Mortgage Consultant. Below are some of our calculators;
MORTGAGE QUALIFIER
The first steps in buying a house are ensuring you can afford to pay at least 5% of the purchase price of the home as a down payment and determining your budget. This calculator steps you through the process of finding out how much you can borrow for a Principal and Interest mortgage. Fill in the entry fields and click on the payment schedule button to see a complete amortization schedule of your mortgage payments.
INTEREST ONLY
This calculator steps you through the process of finding out how much you can borrow for an Interest-Only mortgage. Fill in the entry fields and click on the payment schedule button to see a complete amortization schedule of your mortgage payments.
MORTGAGE CALCULATOR
Use this calculator to generate an amortization schedule for your current mortgage. Quickly see how much interest you will pay, and your principal balances. You can even determine the impact of any principal prepayments! Press the report button for a full amortization schedule, either by year or by month.
MORTGAGE COMPARE
Determining which mortgage provides you with the best value involves more than simply comparing monthly payments. Use this calculator to sort through the monthly payments, fees and other costs associated with getting a mortgage. By comparing these important variables side by side, this calculator can help you pick the mortgage that works best for you.
CREDIT LINE
Use this calculator to determine the home equity line of credit amount you may qualify to receive. The line of credit is based on a percentage of the value of your home. The more your home is worth, the larger the line of credit. Of course, the final line of credit you receive will take into account any outstanding mortgages you might have. This includes first mortgages, second mortgages and any other debt you have secured by your home.
NET WORTH
Your net worth is the value of all of your assets, minus the total of all of your liabilities. Put another way, it is what you own minus what you owe. If you owe more than you own, you have a negative net worth. If you own more than you owe you will have a positive net worth. This calculator helps you determine your net worth. It also estimates how your net worth could grow (or shrink!) over the next ten years.
BI-WEEKLY PAYMENT CALCULATOR
The first steps in buying a house are ensuring you can afford to pay at least 5% of the purchase price of the home as a down payment and determining your budget. This calculator steps you through the process of finding out how much you can borrow for a Principal and Interest mortgage. Fill in the entry fields and click on the payment schedule button to see a complete amortization schedule of your mortgage payments.
MORTGAGE PAYOFF
How much interest can you save by increasing your mortgage payment? This financial calculator helps you find out. View the report to see a complete amortization payment schedule, and how much you can save on your mortgage!
MORTGAGE REFINANCE INTEREST SAVINGS
How much interest can you save if you refinance your mortgage? This calculator helps you find out! Enter the specifics about your current mortgage, along with new loan amortization, rate and closing costs. We will then determine how much interest refinancing can save you.
CONSOLIDATION LOAN INVESTMENT CALCULATOR
Getting a consolidation loan can do more than payoff your debt. You can create a sizable nest egg by investing all or a portion of your monthly payment savings. After a few years the results may surprise you! Use this calculator to see the results of paying off your debt and investing your payment savings. Click the ‘View Report’ button for a detailed look at your results.
PERSONAL DEBT CONSOLIDATOR
Should you consolidate your debt? This calculator is designed to help determine whether debt consolidation is right for you. Enter your credit cards, auto loans and other installment loans balances by clicking on the “Enter Data” button for each category. Then change the consolidated loan amount, term or rate to create a loan that will work within your budget. Click the “View Report” button for detailed results.
ACCELERATED DEBT PAYOFF
Consolidating your debt is only half of the battle. You still need a plan to get your debt paid in full. This calculator can show you how to accelerate your debt payoff. The process is simple; just apply a portion of your consolidated loan’s monthly payment savings to the consolidated loan’s balance. You can save hundreds, even thousands in interest and shave years off of your loan!
HOME BUDGET
Managing your monthly budget can be difficult and frustrating. One of the most important aspects of controlling your budget is to determine where your money is going. This calculator helps you do just that. By entering your income and monthly expenditures, you can see how much you have left to save and where your money is being spent. In addition, you can click the ‘View Report’ button to compare your budget breakdown to our targets, which can help identify areas for improvement.