Gunnars - REAL ESTATE MORTGAGE CALCULATOR
Amortization
Period
Interest
Rate
Mortgage or
Loan Amount
Monthly
Payment

In order to use this form simply input the amount of the mortgage on the home or property you are purchasing followed by the interest rate your lender is offering, the length or term of the mortgage in years, how often you would like to make your payments and then hit the submit button. Your mortgage payment will appear in the calculated payment field.

Note: These calculations are only valid for Canadian mortgages.
Figures are rounded to nearest dollar.
The above information is deemed reliable, but is not guaranteed. 

*NOTES

The maximum Gross and Total Debt Service Ratios (GDSR and TDSR) are usually 32% and 40% respectively. The calculation assumes the total of all non shelter financial obligations will not exceed $ 1,797, or an additional 8% of the required household income. A conventional financing calculation should incorporate 75% mortgage up to 400,000 of value and 65% there after to determine the required down payment. This underwriting practice varies between financial institutions - contact your lender for full details. 
 

Pemberton Holmes
150 - 805 Cloverdale, Victoria Phone: (250) 884-0933
Email: gunnar@callgunnar.com