Here are some tools to use to calculate and analyse your mortgage cost. Feel free to Contact Mary McFarlane if you need help with understanding them.

  1. Maximum Mortgage – Calculate the maximum mortgage amount you qualify for based on your income.

  2. Prepayment Analyzer – Discover how many years you can shorten your amortization by making prepayments.

  3. Mortgage Analyzer – Calculate your mortgage payment. Create an amortization schedule. Discover what you will owe in 5 years.

  4. Rent or Buy Analyzer – Compare the financial advantage of buying versus renting.

  5. Payment Analyzer – Calculate your mortgage payment for several payment frequencies. Discover how many years you can shorten your mortgage.

  6. The Mortgage Isolator – Calculate the different variables that help to determine your best mortgage amount, payment schedule and amortization.