Calculate your Mortgage Payments like a Pro!

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!

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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.

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Mortgage Calculator

Home Price ()


Mortgage Period (years)

Interest Rate (%)

Down Payment ()


In (%)

Mortgage Payments


How do you determine the best mortgage?

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.

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Check out our other Comprehensive Tools: Home Worth Calculator & Cash Flow Analysis

Active Listings of Canadian Properties

If you're looking to invest in real estate, use tools like the 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 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 active listings graph and deciding when and where to invest in real estate.

Active Listings


A fixed-rate mortgage comes with an interest rate that remains constant throughout the mortgage term, typically between 1-10 years. In contrast, a variable-rate mortgage has an interest rate that fluctuates with the lender's prime rate. Borrowers may choose between the two based on risk tolerance and market conditions.
The minimum down payment required to qualify for a mortgage in Canada is 5% of the purchase price for properties valued at $500,000 or less. The minimum down payment for properties valued above $500,000 is 5% of the first $500,000 plus 10% of the remaining balance.
Yes, a first-time homebuyer in Canada can qualify for a mortgage. Several programs and incentives are available to help them, including the First-Time Home Buyer Incentive and the Home Buyers' Plan.
A mortgage payment calculator is an online tool that helps you estimate your monthly mortgage payments based on the purchase price, down payment, interest rate, and mortgage term. Using the Save Max mortgage calculator, you can better understand how much you can borrow and plan your budget accordingly.
You can find houses for sale in Toronto by searching online listings, working with a real estate agent, or attending open houses. To get a mortgage for a Toronto property, you must apply through a lender or a mortgage broker. They will evaluate your financial situation, credit score, and other factors to determine your eligibility and provide you with mortgage options.