iMortgage Calculator is the most comprehensive Canadian Mortgage Payment Calculator on the market today. All calculations are based upon current Canadian mortgage payment calculation rules.
This calculator is the perfect tool for a realtor, real estate agent, first time home buyer, property investor, mortgage broker or existing home owner looking to refinance.
iMortgage Calculator offers the following features:
1) Canadian Mortgage Payment Calculator
- Calculate the principle and interest payment and review the Amortization Schedule for a mortgage of any size when you input the mortgage amount, amortization, interest rate and payment frequency
- Calculate a mortgage amount when you input the mortgage payment, amortization, interest rate and payment frequency
- Calculate the mortgage amortization when you input the mortgage amount, mortgage payment, interest rate and payment frequency
- email the results to yourself or your client
- Review the amortization schedule for all your calculations
2) Home Purchase Summary
Input the purchase price of a home, the down payment, mortgage term, amortization and interest rate and calculate:
- The Total Mortgage Amount including High Ratio Insurance Premium
- Mortgage Payment (monthly, bi-weekly, weekly)
- Mortgage Balance at the end of term
- Estimated Annual Income required to qualify for the specified home purchase
- email these results to yourself or your client
3) Mortgage Comparison
Compare 2 mortgages by modifying any or all of following variables: the Mortgage Amount, Amortization, Mortgage Interest Rate, Payment Frequency and Mortgage Term and then email the results to yourself or your client.
4) Determine What Mortgage Amount that I Can Afford
By providing Annual Income, minimum monthly obligations, home property taxes, home heating costs, condo fees, mortgage interest rate and amortization calculate the total mortgage amount that would qualify and then email these results to your client, yourself or both.
5) Mortgage Terminology
A quick reference guide to frequently used Mortgage Terms and Terminology. Easily search for mortgage terms, acronyms frequently used by Mortgage Professionals in Canada.
6) Questions
Do you have a question about:
- arranging a mortgage in Canada, how it works, etc.
- the calculations you received
- feedback about this calculator
- Home purchase or refinance questions
- High Ratio premium calculation
- missing mortgage terminology
- any other Canadian Mortgage Financing Question
This section allows you to send us an email and we will provide you with the answer.
Contact us: [email protected]
Visit us: www.imortgagecalculator.ca