{"id":8794,"date":"2025-01-14T11:16:12","date_gmt":"2025-01-14T16:16:12","guid":{"rendered":"https:\/\/dev1.evocourtier.com\/?page_id=8794"},"modified":"2025-12-17T21:55:19","modified_gmt":"2025-12-18T02:55:19","slug":"mortgage-calculator","status":"publish","type":"page","link":"https:\/\/samuelj.ca\/en\/tools\/mortgage-calculator\/","title":{"rendered":"Mortgage Calculator"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"8794\" class=\"elementor elementor-8794 elementor-7893\" data-elementor-settings=\"{&quot;ha_cmc_init_switcher&quot;:&quot;no&quot;}\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a604f3a dark e-flex e-con-boxed e-con e-parent\" data-id=\"a604f3a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-822264e e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"822264e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInDown&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-426a279 elementor-widget__width-auto titre-moyen elementor-widget elementor-widget-heading\" data-id=\"426a279\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Mortgage Calculator: Estimate Your Monthly Payments Easily<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e529a89 elementor-widget elementor-widget-spacer\" data-id=\"e529a89\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eaa239a elementor-widget elementor-widget-heading\" data-id=\"eaa239a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Use Our Online Mortgage Calculator<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd3fd80 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"dd3fd80\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Are you planning to buy a property and want to know your <strong>monthly mortgage amount<\/strong>? With our <strong>mortgage calculator<\/strong>, you can quickly and accurately estimate your payments based on the interest rate, down payment, and loan term.<\/p><p>For a faster response, check : <a title=\"Contact Samuel Jacques, real estate broker\" href=\"\/en\/contact\/\" rel=\"noopener\"><strong><span class=\"text-nowrap\">contact me.<\/span><\/strong><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-be59be7 e-flex e-con-boxed e-con e-parent\" data-id=\"be59be7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-41f76e61 e-con-full e-flex e-con e-child\" data-id=\"41f76e61\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-116fddbb elementor-widget elementor-widget-heading\" data-id=\"116fddbb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Mortgage Calculator<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d6dc482 elementor-widget elementor-widget-msw_calculators_mortgage_payment\" data-id=\"d6dc482\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"msw_calculators_mortgage_payment.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\n@media (max-width: 539px), (min-width: 540px) and (max-width: 767px), (min-width: 1025px) and (max-width: 1365px), (min-width: 1366px) {\n    .elementor-element-d6dc482 .msw-flex .msw-form--group { width:100%; }\n    .elementor-element-d6dc482 .msw-flex.msw-result { display:block; }\n} .msw-results .msw-result:first-child { border-top-width: 0 !important; }<\/style>\t\t<form class=\"msw-calculators msw-mpc-form\" data-round-result=\"true\" method=\"post\">\n\t\t\t\t\t\t<noscript>\n\t\t\t\t<div\n\t\t\t\t\tclass=\"msw-error--global\">JavaScript is required to use this feature. Please enable JavaScript in your browser settings to proceed.<\/div>\n\t\t\t<\/noscript>\n\t\t\t<div class=\"msw-form--controls msw-flex\">\n\t\t\t\t<div class=\"msw-form--group msw-flex-item\">\n\t\t\t\t\t<label\n\t\t\t\t\t\tfor=\"msw-mpc-property-price-d6dc482\">Property price<\/label>\n\t\t\t\t\t<div class=\"msw-form--input-wrap unit-currency\">\n\t\t\t\t\t\t<div class=\"msw-form--unit\">$<\/div>\n\t\t\t\t\t\t<input id=\"msw-mpc-property-price-d6dc482\"\n\t\t\t\t\t\t\t\t\tclass=\"msw-mpc-property-price msw-form--control\" type=\"text\" aria-invalid=\"false\"\n\t\t\t\t\t\t\t\t\taria-describedby=\"msw-mpc-property-price-error-d6dc482\">\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"msw-mpc-property-price-error-d6dc482\" aria-live=\"polite\" class=\"msw-error--inline\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"msw-form--group msw-flex-item\">\n\t\t\t\t\t<label\n\t\t\t\t\t\tfor=\"msw-mpc-down-payment-d6dc482\">Down payment<\/label>\n\t\t\t\t\t<div class=\"msw-form--input-wrap unit-currency\">\n\t\t\t\t\t\t<div class=\"msw-form--unit\">$<\/div>\n\t\t\t\t\t\t<input id=\"msw-mpc-down-payment-d6dc482\" class=\"msw-mpc-down-payment msw-form--control\"\n\t\t\t\t\t\t\t\t\ttype=\"text\" aria-invalid=\"false\"\n\t\t\t\t\t\t\t\t\taria-describedby=\"msw-mpc-down-payment-error-d6dc482\">\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"msw-mpc-down-payment-error-d6dc482\" aria-live=\"polite\" class=\"msw-error--inline\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"msw-form--group msw-flex-item\">\n\t\t\t\t\t<label\n\t\t\t\t\t\tfor=\"msw-mpc-annual-interest-d6dc482\">Interest rate<\/label>\n\t\t\t\t\t<div class=\"msw-form--input-wrap unit-pourcent\">\n\t\t\t\t\t\t<input id=\"msw-mpc-annual-interest-d6dc482\"\n\t\t\t\t\t\t\t\t\tclass=\"msw-mpc-annual-interest msw-form--control\" type=\"text\" aria-invalid=\"false\"\n\t\t\t\t\t\t\t\t\taria-describedby=\"msw-mpc-annual-interest-error-d6dc482\">\n\t\t\t\t\t\t<div class=\"msw-form--unit\">%<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"msw-mpc-annual-interest-error-d6dc482\" aria-live=\"polite\" class=\"msw-error--inline\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"msw-form--group msw-flex-item\">\n\t\t\t\t\t<label\n\t\t\t\t\t\tfor=\"msw-mpc-amortization-d6dc482\">Repayment period<\/label>\n\t\t\t\t\t<div class=\"msw-form--select-wrap\">\n\t\t\t\t\t\t<select id=\"msw-mpc-amortization-d6dc482\" class=\"msw-mpc-amortization msw-form--control\"\n\t\t\t\t\t\t\t\t\t\taria-invalid=\"false\" aria-describedby=\"msw-mpc-amortization-error-d6dc482\">\n\t\t\t\t\t\t\t<option value=\"5\">5 years<\/option>\n\t\t\t\t\t\t\t<option value=\"10\">10 years<\/option>\n\t\t\t\t\t\t\t<option value=\"15\">15 years<\/option>\n\t\t\t\t\t\t\t<option value=\"20\">20 years<\/option>\n\t\t\t\t\t\t\t<option value=\"25\" selected>25 years<\/option>\n\t\t\t\t\t\t\t<option value=\"30\">30 years<\/option>\n\t\t\t\t\t\t<\/select>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"msw-mpc-amortization-error-d6dc482\" aria-live=\"polite\" class=\"msw-error--inline\"><\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"msw-results\">\n\t\t\t\t<div class=\"msw-flex msw-result text-align-center\">\n\t\t\t\t\t<div\n\t\t\t\t\t\tclass=\"msw-result--title\">Payment per week<\/div>\n\t\t\t\t\t<div class=\"msw-result--value msw-result--weekly-payment\"><span class=\"msw-result--currency\">$<\/span><span\n\t\t\t\t\t\t\tclass=\"msw-result--number\">0<\/span><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"msw-flex msw-result text-align-center\">\n\t\t\t\t\t<div\n\t\t\t\t\t\tclass=\"msw-result--title\">Payment every 2 weeks<\/div>\n\t\t\t\t\t<div class=\"msw-result--value msw-result--biweekly-payment\"><span class=\"msw-result--currency\">$<\/span><span\n\t\t\t\t\t\t\tclass=\"msw-result--number\">0<\/span><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"msw-flex msw-result text-align-center\">\n\t\t\t\t\t<div\n\t\t\t\t\t\tclass=\"msw-result--title\">Payment per month<\/div>\n\t\t\t\t\t<div class=\"msw-result--value msw-result--monthly-payment\"><span class=\"msw-result--currency\">$<\/span><span\n\t\t\t\t\t\t\tclass=\"msw-result--number\">0<\/span><\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"msw-notice msw-notice--insurance\" hidden=\"true\">\n\t\t\tYou will need to pay a mortgage loan insurance premium of <span class=\"msw-result--insurance-rate\"><\/span>% (representing an amount of $<span class=\"msw-result--insurance-premium msw-text-nowrap\"><\/span>), because your down payment is less than <span class=\"msw-result--down-payment-rate\"><\/span>% of the purchase price. To avoid this premium on a $<span class=\"msw-result--purchase-price msw-text-nowrap\"><\/span> home, your down payment must be at least $<span class=\"msw-result--down-payment-no-insurance msw-text-nowrap\"><\/span>.\t\t<\/div>\n\t\t\t\t\t<button type=\"submit\"\n\t\t\t\t\t\t\tclass=\"msw-button elementor-button\">Calculate<\/button>\n\t\t\t\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-634ae665 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"634ae665\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_delay&quot;:100,&quot;animation_mobile_extra&quot;:&quot;none&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-54c6deca elementor-widget elementor-widget-heading\" data-id=\"54c6deca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why Calculate Your Mortgage Before&nbsp;Buying?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1fb78072 e-flex e-con-boxed e-con e-child\" data-id=\"1fb78072\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-180637aa e-con-full e-flex e-con e-child\" data-id=\"180637aa\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1a75cbed elementor-list-item-link-inline elementor-icon-list--layout-traditional elementor-widget elementor-widget-icon-list\" data-id=\"1a75cbed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-circle\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>Manage your budget more efficiently<\/strong> : Know in advance how much you\u2019ll need to pay each month..<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-circle\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>Compare different buying scenarios: <\/strong> : Experiment with various down payment and interest rate options.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-circle\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>Optimize your financing<\/strong> : Find the best mortgage offer from lenders.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ade8877 elementor-widget elementor-widget-text-editor\" data-id=\"3ade8877\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Want to learn more about mortgage principal and interest?<\/strong> Check out this detailed article: <a href=\"https:\/\/www.nesto.ca\/featured-articles\/mortgage-principal-and-interest-explained\/\" target=\"_blank\" rel=\"noopener\">Mortgage Principal and Interest Explained<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6049388 elementor-widget elementor-widget-heading\" data-id=\"6049388\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Calculate Your Property Transfer&nbsp;Tax<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3b7c0b7 e-con-full e-flex e-con e-child\" data-id=\"3b7c0b7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-18641429 elementor-widget elementor-widget-text-editor\" data-id=\"18641429\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In addition to your mortgage, don\u2019t forget to factor in the property transfer tax (commonly known as the &#8220;welcome tax&#8221;) when budgeting for your home purchase.<\/p><p>Use our tool to quickly estimate this cost: <a title=\"Property transfer tax calculator\" href=\"https:\/\/samuelj.ca\/en\/tools\/property-transfer-tax-calculator\/\">Property Transfer Tax Calculator<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Mortgage Calculator: Estimate Your Monthly Payments Easily Use Our Online Mortgage Calculator Are you planning to buy a property and want to know your monthly mortgage amount? With our mortgage calculator, you can quickly and accurately estimate your payments based on the interest rate, down payment, and loan term. For a faster response, check : [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-8794","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/samuelj.ca\/en\/wp-json\/wp\/v2\/pages\/8794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/samuelj.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/samuelj.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/samuelj.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/samuelj.ca\/en\/wp-json\/wp\/v2\/comments?post=8794"}],"version-history":[{"count":3,"href":"https:\/\/samuelj.ca\/en\/wp-json\/wp\/v2\/pages\/8794\/revisions"}],"predecessor-version":[{"id":19884,"href":"https:\/\/samuelj.ca\/en\/wp-json\/wp\/v2\/pages\/8794\/revisions\/19884"}],"wp:attachment":[{"href":"https:\/\/samuelj.ca\/en\/wp-json\/wp\/v2\/media?parent=8794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}