Free Mortgage Calculators for Ontario
Run your numbers before you call anyone. Choose from four free tools for mortgage payments, renewal offers, debt consolidation and reverse-mortgage scenarios. Enter your own figures and review the assumptions beside the results. No email or credit check is required to calculate; contacting Jenny is optional.
Mortgage Renewal Calculator
Renewal letter just arrived? Compare two entered offers on the same horizon: payments, interest, ending balance and costs. Each rate stays constant in the model, including a variable-rate scenario.
Best for: homeowners comparing renewal offers or the costs of a refinance
Run My Numbers arrow_forwardDebt Consolidation Calculator (No Email)
Compare your mortgage and debts with a proposed refinance using your statements and quote. Review the payment difference, interest plus fees and remaining debt over the same horizon. Lower payments do not guarantee savings.
Best for: homeowners weighing debt consolidation against keeping their current mortgage and debts
Compare My Debt Options arrow_forwardReverse Mortgage Calculator (No Email)
Have a written reverse-mortgage quote, or an amount you want to test? Enter it with your debt, costs and rate assumptions to see cash left now, the projected balance and remaining home equity. This tool does not estimate lender approval or a maximum advance.
Best for: homeowners reviewing an entered reverse-mortgage quote or hypothetical advance
Model My Quote or Scenario arrow_forwardMortgage Payment Calculator
Enter a purchase price, down payment, rate and amortization to estimate payments and interest. Compare payment frequencies and review the modelled insurance premium, Ontario premium tax and repayment schedule. This is a payment estimate, not an approval.
Best for: Ontario buyers and renewers estimating a payment before they commit
Calculate My Payment arrow_forwardWhich mortgage calculator should I use?
Pick the tool that matches your situation. Not sure? The closest match is usually the right place to start.
Buying a home or just want a monthly payment estimate
Use the Mortgage Payment Calculator for principal, interest, CMHC insurance, and full amortization.
You have renewal offers to compare, or are weighing a refinance
Use the Renewal and Refinance Calculator to compare two entered offers, costs and ending balances over the same horizon. It does not forecast variable rates.
You carry high-interest credit card or loan debt
Use the Debt Consolidation Calculator to compare payment relief with borrowing costs and remaining debt. A lower payment can still cost more.
You have a reverse-mortgage quote or want to test an advance amount
Use the Reverse Mortgage Calculator to model cash left after entered debt and costs, interest growth and remaining equity. You supply the advance amount; the tool does not generate an eligible limit.
What to know before you calculate
- check_circleNo email gate. Results appear on the page without a name, email or phone number. The tools still need the financial inputs for your scenario.
- check_circleNo credit check. These are estimate tools. Nothing here touches your credit report.
- check_circleYour inputs, your comparison. Use written offers or clearly labelled assumptions. These tools do not retrieve live rates or search lenders for you.
- check_circleCheck the method. Each tool explains its calculation, compounding and limitations. Confirm the conventions in your lender agreement; a payment model does not establish qualification.
- check_circleContact is optional. Calculations run in your browser. Emailing or opening an external booking service is a separate step; review what you choose to share and the site privacy policy.
Prefer to work in an AI assistant? Mortgage Tools by Jenny is a related set of calculators you can add to an assistant that supports custom connectors. Unlike the four calculators on this page, it sends the figures you type to a calculation service. About Mortgage Tools by Jenny for AI assistants.
Mortgage calculator FAQ
Are these mortgage calculators free?
Yes. All four tools show their calculation results on the page without payment, sign-up or an email gate. A result is an illustrative estimate, not an approval or lender commitment.
Do I need to enter my email to see results?
No. Calculation results appear on screen without a name, email or phone number. Financial inputs are needed for the scenario. Email and booking links are optional contact steps; review what you choose to share.
Do you run a credit check?
No. None of the calculators touch your credit. They are estimate tools only and do not pull a credit report.
How accurate are the calculators for Canada?
Results depend on the figures, compounding and assumptions entered. Read the method and limitations on the selected tool. The tools do not retrieve live rates, predict future rate changes or establish eligibility. Confirm quotes, fees and contract terms with the lender before deciding.
Which mortgage calculator should I use?
Use the payment calculator for a purchase payment estimate; the renewal calculator to compare two entered offers; and the debt consolidation tool to compare your current debts with a proposed refinance. Use the reverse mortgage tool to model an entered quote or hypothetical advance, not to estimate what a lender will approve.
Not sure which tool fits your situation?
Book a Conversation with Jenny calendar_todayBring the quote or assumptions you want to discuss. Booking is optional and opens an external service.
Jenny Tate, Mortgage Agent Level 1, FSRA #M22002086, Tango Financial Mortgage (ON) Corporation FSRA #13691. Calculator results are estimates for illustrative purposes only.