Mortgage News & Resources
Your Online Mortgage resource
MORTGAGE PAYMENT CALCULATOR
Kanetix's Mortgage Payment Calculator will do the math for you by calculating your mortgage payments and total interest costs over the life of your mortgage. If you're thinking about purchasing a home or refinancing your existing property, use our tool to calculate what you can and cannot afford.
Simply input the purchase price of your home, down payment, amortization period, interest rate and payment frequency (i.e. monthly, bi-weekly, accelerate bi-weekly, etc.) to approximate how much each payment will be and the total interest you will pay over the life of your mortgage.
|1 year fixed closed||2.69%|
|2 year fixed closed||2.24%|
|3 year fixed closed||2.44%|
|5 year fixed closed||2.64%|
|5 year variable closed||2.05%|
The easy-to-use mortgage calculator also helps you understand the difference in payment frequency options offered with your mortgage, and the total affect this decision has on the interest cost - i.e. choosing a bi-weekly accelerated payment can result in significant savings relative to a monthly payment.
Using this calculator prior to submitting a mortgage application can help you in determining your mortgage affordability. After using the Mortgage Payment Calculator, try our free best mortgage rates comparison service to find the perfect mortgage that meets your unique needs and requirements.
Additional Information about the Kanetix Mortgage Calculator
The Kanetix Mortgage Calculator can also be used for making mortgage amortization calculations - select a payment frequency other than monthly and see how quickly the mortgage loan could be paid off.
This financial tool is a Canadian mortgage calculator, and can help residents in all Canadian provinces and territories. Whether you're looking for Ontario mortgage rates or live elsewhere in Canada, the Canadian mortgage calculator available through Kanetix will more than meet your needs.