Use Our Mortgage Calculators to Learn More about Borrowing and Payments

Thinking of applying for a mortgage? The Canadian Mortgage and Housing Corporation (CMHC) website has several easy-to-use online calculators to help you assess your finances, try out different financing options and see how you can budget mortgage payments with other costs.

You can also try out the calculators below, which will help you:

  • Determine how much money a bank will lend you to buy a house if income qualification is required. Some banks have lending programs that do not require you to have qualifying income as long as you have sufficient equity.
  • Calculate mortgage payments with monthly or semi-annual compounding with various payment frequencies. Most private mortgages are compounded monthly, while bank mortgages are usually compounded semi-annually. Monthly compounding results in a higher annual interest rate.
  • Prepare amortization schedules which show how much of your payments are allocated to interest and principal, as well as the principal balance after each payment.

Canadian Mortgage Calculator

Monthly Loan Calculator with Amortization

Canadian Mortgage Calculator with Amortization Schedule

If you need help using these calculators or have any questions about the results of the calculations, please give us a call at 604-732-5865 or visit our North Vancouver office.

Rala Investments Ltd

1200 Lynn Valley Road Suite #301

North Vancouver, BC, V7J 2A2

Phone: 604-732-5865

Toll free: 1-866-732-5865

Vik Mann’s cell: 778-987-9006

Fax: 604-960-0827

Opening Hours

Monday – Friday: 9:00 AM - 5:00 PM

North Vancouver mortgage broker proudly providing a variety of mortgages, loans, and other financial assistance to the following areas in the Lower Mainland:

North Vancouver | West Vancouver | Vancouver | Burnaby | Langley | Coquitlam | Delta | Surrey | Richmond | New Westminster | Port Moody | Maple Ridge | Abbotsford | Cloverdale

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