Loan amount: $ Rate:    % Down payment: $ Amortization period:     yrs         Payment: Amortization: Monthly: $ Semi-Monthly: $ Bi-Weekly: $ Weekly: $ Interest is compounded semi-annually not in advance. Interest rate is fixed for the term of the mortgage. * Calculations are approximate and do not account for the payment of property taxes or insurance premiums that may be required. The information contained on this page is for estimation purposes only. Actual payment amount must be obtained from your lender of choice. Neither The Canadian Real Estate Association nor any of its advertisers shall have any liability for the accuracy of the information contained on this page. This calculator is for demonstration purposes only. MLS® does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions. Annual income: Monthly debt payments: Annual property taxes: Monthly condo fees: Monthly heating cost: Monthly payment $ The maximum for mortgage approval may vary. Use Net income for self employed/commissioned sales applicants. * Calculations exclude secondary financing and are estimates only. Please contact a mortgage specialist to discuss conditions that may apply to your circumstances. The information contained on this page is for estimation purposes only. Actual payment amount must be obtained from your lender of choice. Neither The Canadian Real Estate Association nor any of its advertisers shall have any liability for the accuracy of the information contained on this page. Property Value: $  Province:    Alberta British Columbia Manitoba New Brunswick Newfoundland Northwest Territories Nova Scotia - Halifax County Nova Scotia - not Halifax County Ontario Prince Edward Island Québec Saskatchewan Yukon Estimated Land Transfer Tax: $  This calculator is for demonstration purposes only. RE/MAX of Western Canada does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions. Monthly payment if you bought: $ Down payment: $ Annual property taxes: $ Interest rate:     % Annual increase in home value:     0% 1% 2% 3% 4% 5% 6% Monthly rent: $ Years of comparison:     1 Year 2 Years 3 Years 4 Years 5 Years 6 Years 7 Years 8 Years 9 Years 10 Years   This calculator is for demonstration purposes only. RE/MAX of Western Canada does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions. Mortgage Term:     6 Months 1 Year 2 Years 3 Years 5 Years 7 Years 10 Years 25 Years Amortization Period:     Year(s) Payment Frequency:     Monthly Semi-Monthly Bi-Weekly Weekly Mortgage Amount: $ Interest Rate:     %     Mortgage Payment: Revised Amortization Period: Years(s) Mortgage Balance Remaining After: 1 Year 2 Years 3 Years 5 Years 10 Years 25 Years This calculator is for demonstration purposes only. MLS does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.