Mortgage Payment Calculator

Our mortgage payment calculator calculates your monthly payment and shows you the corresponding amortization schedule. If you are purchasing a home, our payment calculator allows you to test down payment and amortization scenarios, and compare variable and fixed mortgage rates. We also help you calculate CMHC insurance and land transfer tax.

Mortgage payment calculator

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What is Land Transfer Tax?

When you're buying a property in Canada, there are numerous costs associated with the transaction that are typically overlooked and forgotten by buyers. A good example of this is land transfer tax. Land transfer tax will vary across Canada both provincially and municipally, but it's typically a significant amount of money (except if you're in Alberta)! Learn everything you need to know about land transfer tax here.

What is a Reverse Mortgage?

A reverse mortgage is a loan that allows you to take money from the equity that you have in your home without having to sell your home. These are popular for older Canadians who have built up equity in their house, but don't have cash savings, and therefore need to access their home's equity in order to pay the bills, etc. However, buyer beware as always with mortgages. Learn more about reverse mortgages here...

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