Mortgage Payment Calculator

Our mortgage payment calculator had added layers of transparency. This means you can now see not only your monthly payments, but the amount of the interest payments you will also be making. This tool also allows you to compare added features such as amortization and frequency, which is very useful for calculating how much money you can save and what you can afford.
Brand New Modern Home

Mortgage Payment
Core Concepts

Qualifying for a mortgage is a major accomplishment as buying a home is oftentimes the largest purchase one will make. Spending time to understand the following key points regarding mortgage payments is a great start.

  • Some mortgage payments will include your property or real estate taxes
  • If your down payment is less than 20%, you will be required to purchase mortgage insurance
  • If you can afford to make a larger down payment, it will automatically increase the equity in your home
  • More interest is paid in the early stages of a mortgage, where the later stages of a mortgage is goes towards principal balance
  • Principal and interest payments are the two components of your mortgage.

How life insurance can help you buy a home?

Some life insurance policies allow for withdrawals, and some don’t. A permanent life insurance policy is usually the only one that will allow this as they provide coverage for your entire lifespan.

Explore the different types of life insurance that may or may not assist with the purchase of your new by way of withdrawing from your policy. Read more...

9 ways to save money on your mortgage insurance premiums

Did you know that mortgage insurance premiums can raise your mortgage costs by $15,000? Doing your research before you agree to any mortgage related cost is the best way to keep your costs down, your pockets fuller, and your future more secure. Don’t miss this article on 9 great ways to save money on your mortgage insurance premiums. Read more...

Is now a good time to buy or sell your home?

The past three years have no question been challenging for most Canadians. Now, with inflation on the rise, many are considering whether or not now is the best (or worst) time to sell or buy a home. This comprehensive article will make that decision much easier.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram