Free Online Mortgage Calculator Tool

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Calculating your mortgage payment can be a crucial step in the home buying process. Our free online mortgage calculator tool makes it easy to estimate your monthly payments based on factors like the loan amount, interest rate, and term.

Whether you're searching for houses for sale in Hamilton, Ontario or houses for sale in Oakville, Ontario, our mortgage calculator can help you determine how much you can afford and plan your budget accordingly.

Using the calculator is simple. Just enter the loan amount, interest rate, and term, and the calculator will instantly provide you with an estimate of your monthly payment. Additionally, you can adjust the inputs to see how different loan amounts or interest rates will affect your payment. This can be a useful tool to help you compare different mortgage options and find the one that best fits your financial goals.

While the calculator provides a useful starting point, it's essential to consult with a real estate agent for personalized advice. An experienced agent can guide you through the entire buying process, explain the difference between a deposit and down payment, and provide a comprehensive buyer guide. Their expertise can help you make informed decisions and navigate any challenges along the way.

Contact me today to get personalized advice and support as you embark on your home buying journey.

*Down Payments of less than 20% does not include CMHC Mortgage Insurance calculations

Mortgage Calculator

Estimate your monthly payment and see how much house you can afford.

$
Your estimated monthly payment
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%
$
Yr
Mo
%
Monthly
Bi-weekly

+ Add Extra Payments

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$
$
$
[-] Remove extra payments

Payment Breakdown

Customize your mortgage payment

Principal & Interest
Monthly Extra Payment + Add Extra Payments
PMI (per year)
%
$
Total Monthly Payment

Total Of All Payments

Down Payment & One-time Expenses
Principal
Interest
Extra Payments
PMI (not required)

Amortization Schedule

Mortgage Payoff Date:

Payment breakdown as of

Remaining Balance
Principal
Interest