Mortgage Calculators

Mortgage Affordability Calculator from Ashab

Mortgage Affordability Calculator

Affordability is based on the household income of the applicants purchasing the house, the personal monthly expenses of those applicants (car payments, credit expenses, etc.), and the expenses associated with owning a home (property taxes, condo fees, and heating costs). Our calculator shows you the maximum mortgage that you can qualify for.

Mortgage Payment Calculator by Ashab

Mortgage Payment Calculator

Our mortgage payment calculator allows you to enter enter the purchase price, down payment amount, amortization period and mortgage rate to determine your monthly payment and the corresponding amortization schedule. This enables you to try different down payment, mortgage rate, and amortization period scenarios to see how they will affect your monthly mortgage payment amount. 

Mortgage Insurance Payment Calculator

Mortgage Insurance Premium Calculator

Mortgage default insurance, commonly referred to as CMHC insurance, is mandatory in Canada for purchases with down payments between 5% (the minimum in Canada) and 19.99%. Mortgage default insurance protects lenders, in the event that a borrower stops making payments and defaults on their mortgage loan. Use our calculator to estimate the cost of your mortgage insurance premium.

Land Tax Transfer Calculator

Land Transfer Tax Calculator

Land transfer tax (LTT) is often overlooked when considering the total cost of purchasing a home. All provinces charge a land transfer tax, except Alberta and Saskatchewan, who instead levy a much smaller transfer fee. In most provinces the tax is calculated as a percentage of the property value, using asking price as a close estimate. Homebuyers in Toronto also incur an additional municipal tax. 

Get a Free Consultation

Do you have a decent credit? Want to buy a house in Ontario? Whatever your mortgage needs, we can help!

Achieve your dream with as little as 5% down, provided the property is not an income generating investment.

Do not get carried away by discounts offered by banks! You can opt for even a second home, villa, cottage, etc. with us at rates that are ALWAYS better than what banks offer!