Whether you are buying your first home, renewing, refinancing, or planning your financial future, the right calculator can help you make confident decisions. Below you will find every mortgage calculator WealthNorth offers, organized by your stage of homeownership.
Buying a home
Use these calculators when you are planning a purchase or shopping for a home.
🏠 Mortgage Affordability Calculator
How much home can I afford? — Enter your income, debts, and down payment to find your maximum purchase price using GDS/TDS ratios.
💵 Mortgage Payment Calculator
Monthly payment calculator — Calculate your monthly or bi-weekly mortgage payment at any rate and amortization.
📊 Income to Afford Home
What salary do I need? — Work backwards from a home price to find the minimum income required to qualify.
💰 Down Payment Calculator
Minimum down payment — Calculate the minimum down payment for any home price and see how it affects your mortgage insurance.
🛡️ CMHC Insurance Calculator
Mortgage insurance premium — Estimate your CMHC, Sagen, or Canada Guaranty insurance premium based on your LTV ratio.
📋 Stress Test Calculator
Can I pass the stress test? — Check whether you qualify at the higher qualifying rate (contract rate + 2% or 5.25%).
📈 Debt Service Ratio Calculator
GDS & TDS ratios — Calculate your Gross and Total Debt Service ratios to see if you meet lender requirements.
🏢 Closing Costs Calculator
Estimate closing costs — Land transfer tax, legal fees, inspection, and other costs by province.
🏘️ Land Transfer Tax Calculator
Land transfer tax by province — Calculate your exact land transfer tax including first-time buyer rebates.
🔒 Loan-to-Value Calculator
LTV ratio — Calculate your loan-to-value ratio and see whether you need mortgage insurance.
📉 Rent vs Buy Calculator
Should I rent or buy? — Compare the total cost of buying vs renting and investing the difference over time.
🏦 FHSA Calculator
First Home Savings Account — Project your FHSA growth and tax savings as you save for your first home.
📑 HBP Calculator
Home Buyers' Plan — Calculate your HBP withdrawal and the required annual repayment over 15 years.
⏱️ Qualification Calculator
Can I qualify? — Comprehensive qualification check including income, credit, and stress test.
Managing your mortgage
Use these calculators when you already own a home and want to optimize your mortgage.
📊 Amortization Calculator
Full amortization schedule — See a complete payment schedule showing principal vs interest breakdown for every payment.
💸 Extra Payment Calculator
Extra payments impact — See how lump sum payments or increased regular payments shorten your amortization and save interest.
⏰ Cost of Waiting Calculator
Cost of delaying a purchase — How much does waiting 1–5 years cost if prices and rates change?
🔄 Comparison Calculator
Compare mortgage offers — Side-by-side comparison of multiple mortgage offers to find the best overall deal.
💹 Interest-Only Calculator
Interest-only payments — Calculate payments for interest-only mortgages or the interest-only portion of a HELOC.
Renewal and refinancing
Use these calculators when your term is ending or you are considering refinancing.
🔄 Renewal Calculator
Renewal payment estimate — Estimate your new payment at current rates and compare different term options.
💰 Refinance Calculator
Refinancing analysis — Compare your current mortgage to a refinanced one, including penalty and savings.
⚖️ Penalty Calculator
Prepayment penalty — Estimate your penalty for breaking a fixed or variable rate mortgage early.
📊 Break-Even Calculator
Refinance break-even — How many months until the savings from refinancing exceed the costs.
⚠️ Payment Shock Calculator
Renewal payment shock — See how much your payment will increase when renewing at today's rates.
Home equity and borrowing
🏠 HELOC Calculator
HELOC borrowing power — Calculate your available HELOC room and estimated interest payments.
🏡 Reverse Mortgage Calculator
Reverse mortgage estimate — How much you can access through a reverse mortgage based on age and home value.
🔗 Second Mortgage Calculator
Second mortgage costs — Estimate payments and rates for a second mortgage behind your primary.
🌉 Bridge Financing Calculator
Bridge loan costs — Calculate the cost of bridge financing when buying before selling.
📈 Rental Yield Calculator
Investment property returns — Calculate cap rate and cash-on-cash return for rental properties.
Related resources
- First-Time Home Buyer Guide — Programs and step-by-step buying process
- Mortgage Rates — Current rates to use in your calculations
- How Much House Can I Afford? — Affordability guidelines
- Mortgage Glossary — Definitions of mortgage terms used in calculators
- Ultimate Mortgage Guide — Comprehensive overview of Canadian mortgages