This calculator will help you to determine the monthly payments and income required for a mortgage of a particular amount. Not only will this calculator calculate the monthly payments, it will also give a breakdown of the costs that make up that monthly payment.

Refer to the Bank of Canada for the latest interest rates.

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MORTGAGE / LOAN AMOUNT
INTEREST RATE
YEARS AMORTIZATION
ANNUAL PROPERTY TAXES
MONTHLY CONDO FEES
MONTHLY HEATING COSTS
MONTHLY MORTGAGE PAYMENT (PRINCIPAL & INTEREST)
PROPERTY TAX
CONDO HEATING COSTS
TOTAL COSTS
APPROXIMATE MONTHLY INCOME REQUIRED
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