Mortgage Savings Calculator

Purchase price ($)

Net household income / mo ($)

Property tax / yr ($)

Condo / strata fees / mo ($)

A — Scenario A

Your first mortgage structure

Down payment — quick select

Rate type

Variable rate selected — view stress test →

Interest rate (%)

Amortization

Payment frequency

Prepayments

Lump sum — Day 1 ($)

Annual prepayment ($)

Monthly prepayment ($)

B — Scenario B

Your alternative structure

Down payment — quick select

Rate type

Variable rate selected — view stress test →

Interest rate (%)

Amortization

Payment frequency

Prepayments

Lump sum — Day 1 ($)

Annual prepayment ($)

Monthly prepayment ($)

C — Scenario C

A third option to compare

Down payment — quick select

Rate type

Variable rate selected — view stress test →

Interest rate (%)

Amortization

Payment frequency

Prepayments

Lump sum — Day 1 ($)

Annual prepayment ($)

Monthly prepayment ($)

Total cost breakdown

Affordability check — 35% rule

Cumulative interest over time

This calculator provides estimates for educational purposes only. Results are based on the inputs provided and assume a fixed interest rate throughout the full amortization period.
CMHC premiums are calculated per current CMHC guidelines (effective December 2024). Actual mortgage terms, rates, and insurance requirements may vary.
Not financial advice. Consult a licensed mortgage professional before making any decisions. · growwithnav.com