When purchasing a home, you have multiple options for your mortgage. It is in your best interest to understand how your mortgage will affect your monthly budget. With the different rates available, as well as varying terms, your monthly payments and how long it will take to pay down your mortgage can change quite a bit. A mortgage calculator allows you to see those changes quickly.
By entering some basic numbers regarding your purchase price, interest rates and terms, you can understand what your monthly payments could be. You can also use our mortgage calculator to look at how refinancing an existing mortgage might offer financial benefits.
For more information, speak to one of our mortgage brokers.
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