Education Center
Loan Calculators
This handy tool allows the consumer to calculate the highest price of a home he or she can afford to pay. Simply input a bit of personal information such as income, level of debt, and a down payment figure. The calculator does the hard work for you.
This calculator computes your monthly payment based on your input - conventional mortgage financing compounded semi-annually. It is also calculating required annual income, which every Canadian homebuyer need to have.
Paying off credit card debt is hard work. Discover how long will it take you to pay off your credit card debt with your current payments with this financial calculator.
Do you want to know if your income will qualify you for the size loan that you want? Find out now when you use this calculator that is equipped to do most of the work for you.
This mortgage payment calculator allows you to determine how much your monthly mortgage payment will be given certain variables such as the amount borrowed, interest rate, loan term, taxes, and the cost of insurance. Inputting different values for the variables allows you to evaluate the different options you have for fixed-rate mortgages.
In essence, you get to play around with different amortization scenarios to find the one that best fits your needs. A little change can go a long way to saving money in the long run.
Are you trying to decide whether to take the plunge of homeownership with an interest-only mortgage or with a conventional mortgage? This clever calculator allows you to compare the monthly payment of an interest-only mortgage with the monthly payment of a conventional mortgage.
Interest-Only loans can drastically cut your mortgage payments, but what if you want to pay something toward your principal? Figure this out here.
Perhaps you want to pay off your debt early, and have decided to increase the amount of your monthly payment. How do you know how much time you will save on the length of your mortgage? This Mortgage Length Calculator can figure it out using the new monthly payment amount.
Calculating the remaining balance of your principal doesn't need to be a difficult task. Use this mortgage principal calculator to determine the remaining balance of your principal after any number of payments has been made.
Does it seem like it is taking you forever to pay off your credit card debt? Are you only making the minimum payment? Use this calculator to discover the difference an extra little something included in your payment each month can make.
Have you ever wondered how much you pay for every $1,000 of your mortgage loan? Find out here!
This calculating tool aids consumers in comparing renting versus buying. It makes it easier to decide which is the right choice for you by displaying savings and cost factors.
Pay now or pay later? Should you pay points at the beginning of the loan to get a lower interest rate? Remember that a point is 1% of the total loan amount. This calculator will decide for you by determining which is greater- the amount of savings gained over the life of the loan by paying points up front or the amount of the points themselves.
This financial calculator can be used to analyze the information on your current loan and on the loan that you are considering. Within minutes, you will know whether refinancing makes you enough cents to make sense. Find out your benefit of refinancing today.
Are monthly payments weighing you down and holding you back? Consider paying your debt with a Home Equity Line of Credit (HELOC). Use this clever calculator to see the benefits.
This handy calculator can show you the difference between a standard mortgage and a bi-weekly mortgage. It can show you the benefits of making mortgage payments once every two weeks instead of once a month. Find out exactly how much you can save in interest by using a bi-weekly loan.
Potential homeowners can use this handy calculator to estimate the tax benefits of buying a particular home. Simply input the required data, and see exactly how much of a savings you will get. Mortgage interest and points are tax deductible and can earn you quite a savings on your taxes at the end of the year.
Use this practical calculator to see just how much you can save on your mortgage simply by including an extra little something into each monthly payment. This is where "a little goes a long way" takes on new meaning. It will also pay your mortgage off sooner. Discover just how much sooner with this handy calculator.
Don't miss an opportunity: Slash your PMI payments to zero! Take a second mortgage!
Have you ever wondered what the APR, or annual percentage rate, of a loan is? Let this calculator figure out the APR on your loan and show you what it is really costing you.
This clever tool aids prospective homeowners in deciding which loan is the better financial choice for them. It calculates the mortgage payment and the total monthly payments for more than one mortgage, allowing you to compare the results.
