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Mortgage & home
Mortgage affordability calculator
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Canadian mortgages use an effective monthly rate derived from semiannual compounding; U.S. mortgages use the annual rate divided by 12. Other loans use the entered nominal APR divided by 12.
How to use this calculator
Change any amount, rate or time period above. The result updates as you type. Percentages are annual unless a label says otherwise. All money amounts are shown in the selected country’s currency; changing countries does not convert entered amounts or look up current rates.
Use this as a planning estimate and compare it with terms from a lender, utility or other provider. Your taxes, fees, billing schedule and eligibility can change the actual result.