Don't let finances hold you back from owning your dream home!
Did you know that two-thirds of Canadians use a mortgage to finance their dream home purchase? It's not just for the rich and famous! A mortgage makes it easier to own your dream home by spreading out the cost over time.
The Save Max Mortgage Calculator simplifies the process by helping you understand the costs and simplifying the math.
Don't let your dream home slip away; let's talk mortgages!
With our Mortgage Calculator, you can dive deep into analyzing your mortgage payments over time. You'll have all the essential information you need to make informed decisions about affordability, long-term costs, and cash flow. Whether you're looking to buy a new home or refinance your existing loan, our Mortgage Payment Calculator can help you make sense of it all.
Home Price (CAD)
Mortgage Period (years)
Interest Rate (%)
Down Payment (CAD)
Down Payment in (%)
Mortgage Payments
To find the right mortgage, consider how much you would like to pay each month. Use a mortgage calculator to estimate your monthly payments. You can choose between a fixed-rate mortgage with predictable payments or an adjustable-rate mortgage with lower initial rates that can change over time.
You should also decide how long you want to take to repay the loan, called the amortization period. An extended period means lower monthly payments, but more interest paid over the years.
Another important thing to think about is the down payment. The more you pay upfront, the less you will owe each month. You will need mortgage default insurance if your down payment is less than 20% of the home's price.
To find the best mortgage, compare rates and terms from different lenders. You can also negotiate with lenders for better rates or terms that suit your needs. Considering these factors, you can find the right mortgage for you and your financial goals.
Need more information? We'll be happy to assist you.
If you're looking to invest in real estate, use tools like the sold and active listings graph and a mortgage calculator to make informed investment decisions.
As a real estate investor, keeping an eye on the market's supply and demand dynamics is key to making profitable investments. Using a Canadian mortgage calculator, you can easily estimate your monthly mortgage payments based on your down payment, interest rate, and amortization period.
Tracking your area's sold and active listings can also provide valuable insights into market trends. This knowledge will enable you to adjust your real estate investing strategies.
Comparing the estimated mortgage payments to the potential rental income will give you a better understanding of the property's cash flow and profitability. This information can help you decide whether to purchase, refinance or sell the property.
Disclaimer: Investors can determine a property's potential rental income and occupancy rates by reviewing the sold and active listings graph and deciding when and where to invest in real estate.
*Based on most viewed properties on Save Max
Address | Price | MLS Number | Bed/Bath | Date Added | View Count |
---|---|---|---|---|---|
415 Orvis Cres, L0N 1S2, Shelburne | $599,499 | X8108982 | 3 Beds, 2 Baths | Updated 21 hours ago | 220 |
115 HALLDORSON AVE, L4G0C5, Aurora | $2,448,888 | N8188746 | 4 Beds, 5 Baths | Updated 23 hours ago | 139 |
1861 NA'A Drive SW, T3H6C4, Calgary | $620,000 | A2120396 | 3 Beds, 3 Baths | Updated 14 days ago | 126 |
38 Honey Crisp Cres, L4K 0M8, Vaughan | $549,900 | N8214812 | 1 Beds, 1 Baths | Updated 10 days ago | 99 |
255 Thousand Islands Pkwy, K0E 1L0, Leeds & the Thousand Island | $2,799,000 | X8207636 | 7 Beds, 11 Baths | Updated 13 days ago | 98 |
159 Silk Twist Dr, L9N 0V7, East Gwillimbury | $999,999 | N8188158 | 4 Beds, 4 Baths | Updated 15 days ago | 97 |
1 Searidge St, L3V 6H3, Severn | $1,099,900 | S8203122 | 4 Beds, 3 Baths | Updated 8 days ago | 92 |
53 BIANCA CRES, L9Z0H6, Wasaga Beach | $799,900 | S8201190 | 4 Beds, 3 Baths | Updated 2 days ago | 67 |
#305 -408 BROWNS LINE, M8W3T8, Toronto | $499,900 | W8214494 | 2 Beds, 2 Baths | Updated 10 days ago | 62 |
##2608 -60 ABSOLUTE AVE, L4Z0A9, Mississauga | $779,900 | W8191564 | 3 Beds, 2 Baths | Updated 16 days ago | 57 |