Mortgage Calculator

Calculated Choice by Tom Page
Mortgage Calculator (photo by Tom Page)

This calculator will help you to estimate how large a mortgage you qualify for in Toronto (or Canada). For those who have substantial stock or property or cash assets, you may be eligible for a bigger mortgage than this calculator indicates.

Please call me if you would like a personal recommendation on a mortgage broker suited to your goals.

Annual Family Income
Annual Property Taxes
Monthly Heating*
Monthly Condo*
Monthly Other Loan or Credit Payments*
Monthly 2nd Mortgage Payment*
Annual % Interest Rate
* Monthly estimated amounts

Maximum Mortgage
Monthly Payment (20 year mortgage)

Important Note:

The maximum mortgage calculator created above has been designed for standard Canadian mortgages. It does not take into account your specific financial situation and is not legally binding. Mortgage calculations and specifics in Canada are different than those in the United States so be sure that any previous maximum mortgage estimate you might have made was not based on a US calculator.