Question 1

How accurate are the mortgage calculators?

Accepted Answer

They give helpful estimates based on the numbers you enter. Your actual rate, payment, and approval depend on lender review.

Question 2

How much house can I afford in Ontario?

Accepted Answer

Lenders look at your income, debts, down payment, and a stress-test rate. Use the affordability calculator, then speak with an advisor for a pre-approval.

Question 3

What is the mortgage stress test?

Accepted Answer

Most borrowers must qualify at the higher of the minimum qualifying rate or their contract rate plus 2%, to show they can handle rate increases.

Question 4

How do I calculate refinance savings?

Accepted Answer

Compare your current payment and rate with the new payment, then subtract any penalty and fees. Our refinance calculator does the math.

Question 5

Can a debt consolidation calculator show my savings?

Accepted Answer

Yes. Enter your debts and rates to see how one mortgage payment may compare with your current monthly payments.

Run the numbers.

Mortgage Payment Calculator

Affordability Calculator

Refinance Calculator

Debt Consolidation Calculator

Mortgage calculator FAQs