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Mortgage Calculator

To assist you in your basic calculations in determining how much of a house you can

afford, please feel free to use the calculator on the left.

The instructions are simple:.

1) Enter in the loan amount
2) Enter in the interest rate.
3) Enter in the amortization period. 
    (Note: in Canada, the maximum amortization period is
     25 years)

The mortgage calculator will determine what your monthly payment will be, how much you will spend over the course of a year, and finally, how much you will pay on your loan over the entire amortization period.

Of course, this calculator just figures out the basics.  You should speak with your broker and lender to determine which type of mortgage is right for you.  We have outlined 15 different mortgage types at mortgage options.

You will also wish to discuss the length of term.  The standard term is 6 months to 5 years, with different interest rates applying to the term.  Usually, the longer the term, the higher the rate.


We can review with you the benefits of shorter amortization periods, length of term,  larger downpayments, monthly vs bi-weekly payments and the benefits of paying your mortgage off quickly.

Please fill in our quick form below, and we'll get back to you immediately.

All Applications are FREE and there is NO OBLIGATION to borrow

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 By Phone         604-852-9311

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