FRANK FU 傅浩桓

Real Estate Consultant, CIPS®, SRES®, MCNE®

Personal Real Estate Corporation

KELLER WILLIAMS Realty VanCentral 英語，普通話，粵語

Mortgage Calculator

How much can you afford?

Buying a home usually means getting obtaining a mortgage loan. You will find a useful mortgage calculator below that will give you the monthly payments that you could expect given your particular financing situation.

I'd love to help you out!

Please fill out the information below and I will put you in touch with a trusted mortgage professional who will provide you with a depth of knowledge, explain all of your financing options and get you the best rate!

Mortgage Calculator

Purchase Amount:

Interest Rate:

Mortgage Term (Years):

Payment Interval:

Down Payment:

Closing Costs ($):

Closing Costs (%):

Loan amount:

Interest rate:

Payment interval:

Mortgage term:

Payment:

Total payments:

Total amount paid:

Total interest paid:

This calculator is for information purposes only. Users should not use this calculator to make any financial decisions and should speak with their bank or mortgage broker. The website owner does not guarantee the accuracy or reliability of any information or calculations provided by this calculator. The website owner is not liable for loss or damage of any kind arising from the use of this tool.

Asking Price

STEP 1

Enter the price of the home you're interested in and press GO.

Down payment	Down payment The amount of money you pay up front to obtain a mortgage. The minimum down payment in Canada is 5%. For down payments of less than 20%, home buyers are required to purchase mortgage default insurance, commonly referred to as CMHC insurance.		Down payment 1 (%)	Down payment 2 (%)	Down payment 3 (%)	Down payment 4 (%)
Down payment		minus	Down payment 1 ($)	Down payment 2 ($)	Down payment 3 ($)	Down payment 4 ($)
Mortgage insurance	Mortgage insurance Mortgage default insurance, commonly referred to as CMHC insurance, protects the lender in the case the borrower defaults on the mortgage. Mortgage default insurance is required on all mortgages with down payments of less than 20%, which are known as high ratio mortgages. Mortgage default insurance is calculated as a percentage applied to your mortgage amount.	plus
Total Mortgage Required		equals	$-	$-	$-	$-
Amortization period	Amortization period The length of time it will take a homeowner to pay off his/her mortgage. In Canada, the maximum amortization period for insurable mortgages is 25 years. Longer amortization periods allow homeowners to make smaller monthly payments, but equate to more interest paid over the life of the mortgage.		STEP 2 Choose an amortization period. Amortization period 1	Amortization period 2	Amortization period 3	Amortization period 4
Mortgage rate	Mortgage rate The rate of interest you will pay on the outstanding balance of your mortgage. This is determined by the mortgage type and mortgage provider. To see how rates vary by type and provider, click on "Select Rate" link on the right.		STEP 3 Choose a mortgage rate to calculate the corresponding payment. Select rate	Select rate	Select rate	Select rate
Mortgage type	Mortgage type The mortgage type includes the term of the mortgage, between 1-10 years, and the rate type, variable or fixed. The mortgage term is the length of time you commit to the terms, conditions and mortgage rate with a specific lender. The mortgage rate type can be fixed for the duration of the term or variable, fluctuating with the prime rate. Fixed rates are most popular in Canada and represent 66% of all mortgages, according to the Canadian Association of Accredited Mortgage Professionals (CAAMP).
Total Mortgage Payment			$- Get rate	$- Get rate	$- Get rate	$- Get rate
Frequency	Mortgage payment The monthly mortgage payment is calculated based on the inputs you provided: the mortgage amount, rate type (fixed or variable), term, amortization period, and payment frequency. A general affordability rule, as outlined by the Canada Mortgage and Housing Corporation, is that your monthly housing costs should not exceed 32% of your gross household monthly income.		$- Get rate	$- Get rate	$- Get rate	$- Get rate
Land Transfer Tax: $-				STEP 4 If necessary, update your profile to calculate land transfer tax. Profile Province City I am a first-time home buyer I am buying a newly built home
Provincial:	Provincial Land transfer tax (LTT), typically calculated as a percentage of the purchase price of a home, is required when purchasing a home in Canada. All provinces have a LTT, and the amount varies in each province.	plus
Municipal:	Municipal Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home.	plus
Rebate:	Rebate If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province.	minus

Land Transfer Tax $-
Provincial:	Provincial Land transfer tax (LTT), typically calculated as a percentage of the purchase price of a home, is required when purchasing a home in Canada. All provinces have a LTT, and the amount varies in each province.	plus
Municipal:	Municipal Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home.	plus
Rebate:	Rebate If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province.	minus
*You will be required to pay a title transfer fee.
STEP 4 If necessary, update your profile to calculate land transfer tax. Profile
Province
City
I am a first-time home buyer
I am buying a newly built home

Explore the drop-downs to better understand your mortgage choice.

Purchase interest rate	Payment Selected Scenario
Selected Rate		$-
Average 5-year Fixed Rates (2000 - 2010)	3.89%	$-
Average 5-year Fixed Rates (1990 - 2000)	7.23%	$-
Average 5-year Fixed Rates (1980 - 1990)	11.92%	$-

Year	Total Paid	Principal Paid	Interest Paid	Balance
Globalize.localize("please-complete-the-input-for-the-selected-scenario-in-order-to-continue")

Provider	Rate	Select
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Custom rate		Select

Cell: 778-388-6839

Office: 604-262-1581

My Featured Listings

Featured listing

9 - 22800 WINDSOR Court

$850,000

Keller Williams Realty VanCentral

View details...

Featured listing

213 - 13228 OLD YALE Road

$328,900

Royal Pacific Realty Corp.

View details...

FRANK FU 傅浩桓

Mortgage Calculator

How much can you afford?

I'd love to help you out!

Mortgage Calculator

BC Mortgage payment calculator

Purchase

Renewal or Refinance

Asking Price

Total Mortgage Payment

Cash Needed
How much extra cash will I need when my house closes?

Required Cash Expenditures

Other Cash Considerations

Monthly Expenses
Can I afford my monthly expenses & mortgage payments?

Expenses

Interest Rate Risk
What would my payment be at higher interest rates?

Mortgage Amount

Amortization Schedule
What do my payments look like over time?

Select rate

Best Mortgage Rate in British Columbia

Advanced Mortgage Calculator

My Featured Listings

Featured listing

Featured listing

Navigate

Contact

Contact Me

FRANK FU 傅浩桓

Mortgage Calculator

How much can you afford?

I'd love to help you out!

Mortgage Calculator

BC Mortgage payment calculator

Purchase

Renewal or Refinance

Asking Price

Total Mortgage Payment

Cash NeededHow much extra cash will I need when my house closes?

Required Cash Expenditures

Other Cash Considerations

Monthly ExpensesCan I afford my monthly expenses & mortgage payments?

Expenses

Interest Rate RiskWhat would my payment be at higher interest rates?

Mortgage Amount

Amortization ScheduleWhat do my payments look like over time?

Select rate

Best Mortgage Rate in British Columbia

Advanced Mortgage Calculator

My Featured Listings

Featured listing

Featured listing

Navigate

Contact

Contact Me

Cash Needed
How much extra cash will I need when my house closes?

Monthly Expenses
Can I afford my monthly expenses & mortgage payments?

Interest Rate Risk
What would my payment be at higher interest rates?

Amortization Schedule
What do my payments look like over time?