Are you a home buyer?
Canadian Mortgage Calculator App supports you all the way from early planning, like finding out what you can afford, how much down payment you need, Land transfer taxes, all the way to actually finding a good deal on your mortgage.
Oh, did I mention it’s free?
What can you do with this app?
- Calculate your total cost of owning a home, including taxes, utilities, etc.
- Estimate the minimum down payment you need, as a dollar amount or percentage of purchase price.
- Calculate Land transfer taxes and the available rebates, depending on location/municipality.
- Calculate the maximum loan you can borrow, based on your income.
- Stress test your mortgage using different scenarios.
- Estimate your Closing costs.
- Compare mortgage scenarios side by side.
- Email Summary reports (PDF)
- Use my app in English, French, Spanish, Hindi and Chinese
- Search for the best mortgage rates.
- And finally: Apply for the best mortgage right from the app, securely!
Probably the first mobile app in the world with the complete Canadian stress test rules built in. You enter your income and find out the maximum mortgage that passes the stress test. It includes advanced GDS/TDS settings, insurability settings (insured, insurable, uninsured) and more. Furthermore, no more confusion about when to use Band of Canada or Contract Rate+2% or just Contract Rate. In addition, figure out whether something is insurable or uninsured.
It’s absolutely free and no obligations.
Want to see it in action? See the animation here.