Mortgage calculator

Mortgage calculator.

Estimate your payment, what you can afford, and what you’ll qualify for — built on real Canadian semi-annual compounding. Calculate generically, or pick your bank.

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What salary do I need?

Calculate by bank

TDTD Canada Trust calculator RBCRBC Royal Bank calculator ScotScotiabank calculator BMOBMO Bank of Montreal calculator CIBCCIBC calculator NatiNational Bank of Canada calculator

Canadian mortgage math, done right

Every calculator here uses semi-annual compounding — the Canadian legal convention — not the monthly compounding baked into most US tools, so your payment matches what a Canadian lender actually quotes. Your payment is set by the mortgage amount (purchase price minus down payment, plus the CMHC premium when you’re under 20% down), the interest rate, and the amortization period.

The rate is the lever most people get wrong. Banks run a posted/branch rate and a lower broker-channel rate a licensed brokerage accesses — typically 15-30 bps cheaper. The bank-specific calculators above show both, so you can see exactly what the broker channel is worth on your number. When you’re ready, we shop your file across 100+ lenders on one application — the modelled number becomes a real, competitive rate.

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Mortgage calculator — FAQ

How does a Canadian mortgage calculator work?

It estimates your payment from the mortgage amount (price minus down payment, plus CMHC premium if you're under 20% down), the interest rate, and the amortization — using Canadian semi-annual compounding, not the monthly compounding US calculators use. That's why a Canadian payment is slightly lower than a US one at the same rate.

Should I use the generic or the bank-specific calculator?

Start with the full payment calculator for the complete picture (frequency, amortization, CMHC). Use a bank calculator (TD, RBC, Scotia, BMO, CIBC, National Bank) when you've been quoted by that bank and want to see how its posted rate compares to the broker-channel rate we access.

Is the calculator's rate the rate I'll actually get?

It's a starting point. Your real rate depends on your credit, down payment / loan-to-value, whether the mortgage is insured, and the property. We shop your file across 100+ lenders on one application — no bureau pull to start — so the number you model becomes a real, competitive rate.

Are these calculators free?

Yes — every calculator is free, with no sign-up. On standard residential deals our brokerage service is also free to you: the lender pays our commission on funding, always disclosed.

Run these numbers against your city

A payment only means something against a real price. Each market hub carries that city’s sourced average price, the tiered minimum down payment it implies, and the household income needed to qualify after the stress test.

Turn the estimate into a real rate.

Same number, confirmed across 100+ lenders. 5-minute pre-qualification, no bureau pull to begin.