Mortgage Calculator

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

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Mortgage Help

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

Kirsten

I had the pleasure of selling two of my houses and buying another home with Peter. He went up and beyond the call of duty to make sure that my house was ready for the sell. We had a very tight time frame and Peter closed the deal seamlessly. Peter is very professional and honest and I truly respect him with my biggest investments. In the future, Peter will continue to be my go to person...
Mark & Paula

Peter approaches his work as more than a realtor. He is also a market tutor. Since our purchase, Peter has also provided us with very useful information on the ongoing state of the market…
Jessica & Jordan

My husband and I decided to work with Peter on the recommendation of a friend. Since meeting Peter, he has demonstrated customer service beyond 100%...
Cynthia

Peter sold our old and bought our new home… He was there every step of the way to make both transactions as smooth as possible. The market research done allowed us to sell at the perfect time, and the preplanning on our purchase took away all of the stress. We recommend him with 100% confidence.”
Jennifer & Sean

Very professional, efficient and likeable. Thanks so much for selling our homes Peter. Highly recommended…
Jim & Cheral

Peter recently sold our home, and purchased our new one. The experience with both transactions could not have been better. From the market analysis, to the closing procedures Peter was awesome every step of the way...
Glen

Peter is an extremely proactive sales professional, and does not believe in waiting for an opportunity to come to him. His regular communications included private sales offers not on MLS which gave us the best deals possible before our competitors...
Shaun

Peter was a great asset on both transactions from his market research, to knowledge of construction and design. We highly recommend him for any of your real estate needs
Elizabeth

Peter is exceptional in his ability to look beyond the bricks and mortar and consider the lives in transition. He understands that each client has unique needs and wants, and he is there at every turn to offer expert advice and guidance...
Tracy & Paul

Peter enlightened us by providing in-depth guidance and information of the luxury market in Oakville. He was always available to chat or show us different options, always being professional, accommodating, and insightful in his approach. Without a doubt, we would recommend Peter as a top realtor to family, friends, and colleagues, and will certainly continue to use his services for any of our real estate needs going forward.

Peter Kolisnyk

Broker | Private Office Advisor | License ID: OM14164

+1(905) 815-3521