Please use these calculators to find out when you're ready to buy a home, what you can afford, and the best way for you to pay down your mortgage.
What Can I Afford?
Mortgage Calculator Spreadsheet
Download a feature-packed mortgage calculator spreadsheet. This excel template lets you choose a compound period (e.g. semi-annual for Canadian mortgages) and a variety of different payment frequencies (annually, semi-annually, quarterly, bi-monthly, monthly, semi-monthly, bi-weekly, and weekly). It also lets you see how making periodic extra payments (prepayments) can save you money and help pay off your mortgage sooner. You can also calculate the outstanding balance at the end of a given term.
*The calculations are based on details you have entered into the calculator tool. It is not an offer of mortgage or in any way binding upon ecMORTGAGE, but rather is an informational tool.