Canadian Mortgage Calculator

Edited by Admin
Canadian Mortgage Calculator
Canadian Mortgage Calculator

Are all mortgage calculator tools the same, do they work in the same way?


How do Canadian mortgage calculators differ from other mortgage tools? What else can be used to help me figure out everything that needs to be done before I make my mortgage decisions?

Canadian Mortgage Calculator


By Canadalend
Hi there,
Thank you for your question.

All Canadian Mortgage Calculators are the same no matter which site you access it from. 


The mortgage calculator differs from other tools as it finds out how much and how often your payment will be. It also gives you the opportunity to compare options that are right for each individual. 


Other tools that are great to use when making a mortgage decision are:


- a Debt Service calculator

- a Premium calculator

- a Household Budget calculator

- and a Mortgage Affordability calculator.  


The Debt Service calculator allows home buyers to evaluate their current finances and understand how much they can spend on a mortgage. 


A Premium calculator helps a home buyer estimate the premium payable when you are purchasing a home.


The Household Budget calculator compares a home buyer’s income with their current expenses and debt payments so they can see how large of a mortgage they can afford.


Finally, a Mortgage Affordability calculator helps home buyers estimate the maximum mortgage they can afford. 

I hope this has helped to offer a bettering understanding of how mortgage calculators work and how they can help you. 
Canadian Mortgage Calculator
Canadian Mortgage Calculator
Was this information on the different types of mortgage calculators helpful to you?  
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Level 6 (XP: 2400)
7 years ago
Our Canadian mortgage calculator has recently been updated with more useful definitions to help you better understand the options available to you.
Level 6 (XP: 2400)
7 years ago
Feel free to contact the Canadalend team at anytime for more information about the options available to you
Level 6 (XP: 2400)
7 years ago
remember to visit the canadalend website for more information about the services we provide
Level 7 (XP: 2900)
7 years ago
thanks for getting back to me with this response, im finding more and more helpful information on the Canadalend website as well
Level 7 (XP: 2750)
8 years ago
I didnt know there were different kinds of calculators, thanks for posting this info.
Reply by Canadalend
7 years ago
You're welcome, please feel free to contact the Canadalend team for more information and helpful advice.


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    Very Helpful financing and lending information!