Financial Tools

Mortgage
Calculators

Everything you need to plan your purchase, from monthly payments to closing costs, all in one place.

Six Tools

Choose a Calculator

Select any tool below to get started. All calculators update in real time as you adjust the inputs.

★ Start Here

Affordability Audit

Before running any calculator, find out what you truly spend each month. Your results carry through to other tools automatically.

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Most Popular

Mortgage Payment

Calculate your monthly payment, total interest, and view a full amortization schedule.

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Purchase Power

Find out how much home you can afford based on your income, debts, and down payment.

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Closing Costs

Never be surprised again. Get a detailed breakdown of all closing costs before you sign.

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Land Transfer Tax

Transfer tax and rebates for every province in Canada, including first-time buyer savings.

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Maximum Mortgage

Stress test your borrowing limit using GDS/TDS ratios, the way lenders actually calculate it.

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Rent vs. Buy

Compare the true financial advantage of renting versus buying based on your situation.

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Part 1
The Subscription Creep
Monthly Subscriptions $0
Part 2
The Convenience Tax
Convenience Spending $0
Part 3
The "Buy Now" Reflex
Impulse Spending $0
Part 4
The Canadian Reality Check
Essential Lifestyle Costs $0
1
Your Lifestyle Total
Monthly Lifestyle Spending $0
Fill in Parts 1–4 on the left to calculate your true monthly lifestyle cost.
2
Your Housing Costs
Your mortgage payment is the biggest number in this picture. Run the calculator to get your exact figure, and it will sync back here automatically.
Property Taxes (Monthly TIPP) ~$350/mo typical for Brandon, MB
Home Insurance / Utilities ~$250/mo typical
The Real Cost of Your Life
$0 /mo
3
The Gut-Check
The worksheet flags <$500 left over as the Danger Zone
⚖️
Complete Steps 1 & 2 First
Fill in your lifestyle spending and run the mortgage calculator to see your full picture.
5.0% down · CMHC required
Monthly Payment
$1,910
Mortgage Amount
$320,000
CMHC Premium
None
Total Interest
$253,000
Total Cost
$653,000
Cost Breakdown
Principal $320,000
Total Interest $253,000
Down Payment $80,000
YearBalancePrincipalInterestTotal Paid
Car loans, credit cards, student loans, etc.
Maximum Home Price
$0
Max Mortgage
$0
Monthly Payment
$0
Stress Test Rate
7.50%
Limiting Factor
GDS
Debt Ratios
GDS Ratio (max 39%) 0%
TDS Ratio (max 44%) 0%
* Based on CMHC stress test guidelines. Results are estimates. Contact a mortgage broker for pre-approval.
Estimated Total Closing Costs
$0
Cost Breakdown
Land Transfer Tax $0
Legal Fees $1,500
Home Inspection $500
Title Insurance $300
Appraisal $400
GST/HST (New Build) $0
* All figures are estimates. Actual costs vary by property and lawyer. Contact your real estate lawyer for an exact quote.
Net Tax Payable
$0
Tax Breakdown
Provincial LTT $0
First-Time Buyer Rebate -$0
Tax Brackets Applied
50% of condo fees counted toward GDS/TDS
Maximum Mortgage
$0
Stress Test Rate
7.50%
Limiting Factor
GDS
GDS-Based Max
$0
TDS-Based Max
$0
Ratio at Maximum Mortgage
GDS (max 39%) 0%
TDS (max 44%) 0%
* Stress tested at max(contract rate + 2%, 5.25%) per OSFI guidelines. Actual lender limits may vary.
Annual return on invested down payment if renting
⚖️
Calculating…
Total Cost to Buy
$0
Total Cost to Rent
$0
Net Worth (Buying)
$0
Net Worth (Renting)
$0
Buying Cost Breakdown
Mortgage Payments $0
Maintenance & Tax $0
Less: Equity Gained -$0
* Net worth = home equity (buying) or invested portfolio (renting). Renting assumes the down payment and monthly savings are invested at the return rate specified.
Ready to Move Forward?

Let's Talk Numbers

These calculators are a great starting point, but every situation is unique. Send me a message and let's build a plan that's right for you.

Quick Response

I typically respond within 24 hours, often the same day.

Local Expert

Brandon-based and deeply familiar with the Westman market, not generic advice.

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Estimates only. Rates and taxes vary by property. For official mortgage approval, I'm happy to refer you to one of my trusted local Westman mortgage partners!