English
Français

About Us
Online Banking
Careers
Becoming a Member
Your Community
Contact Us
Rates + Specials

Personal
Banking

Accounts

Online Banking

In-Branch Banking

Currency Exchange

Order Cheques
Safety Deposit Box
Travel Insurance
Borrowing

Loans
Lines of Credit
Student Pack
Mastercard

CF MyCardInfo
YNCU MyCardInfo
MySelect Rewards
Mortgages

Fixed Rate Mortgages
Variable Rate Mortgages
Construction Mortgages
Purchase Plus Improvements Mortgage
CHIP Reverse Mortgage
Mortgage Calculator
Investing

Term Deposits
Tax Free Savings
RRSPs
RESPs
RRIFs
Combination Savings
Business
Banking

Accounts

CRA Payments

Merchant Services

Payroll Services
Borrowing

Borrowing

Loans
Lines of Credit
Letters of Credit
Investing

Competitive interest rates on short and long term deposits.

Mortgages

Start or expand your business with a mortgage from Community First.

Visa® Credit Cards

Find the credit card that suits your business best.
Wealth Management
Credential Securities

Developing a Plan

Investment Products

Smart Saving Tips
Online Brokerage
Discover online investing with Qtrade Investor.

Wealth Team

Speak with a member of our Wealth Team today.
Planning + Advice

Stages In Your Life

Get advice, tips and tools for wherever you are in your financial journey.

Stages In Your Business

Get your business on the right track with tips and tools to get started.

Tools and Calculators

Our Tools and Calculators are here to help you to make the right financial decisions.

You are here:

Personal
Tools and Calculators
Calculators
Mortgage Calculator

Banking
Borrowing
Investing
Mastercard®
Mortgages
Tools and Calculators

Login To Online Banking

Mortgage Calculator

The first step in buying your home is determining your budget.

Use the Mortgage Planning Calculator to find out how much you can afford to borrow towards purchasing a home and what your payments will be.

Affordability
Payment
Amortization
Comparison

View graph
View report
Print results
Save/Share results

View:

Mortgage Amount

The total amount of the mortgage.

Amortization Period

The number of months or years over which the mortgage is repaid. The maximum amortization period is 35 years.

Payment Frequency

You can choose how often you will make payments on your mortgage. Typically your overall interest paid is lower when you make more frequent payments. For example, an accelerated bi-weekly payment means you are essentially making the equivalent of one additional monthly payment each year.

Product

Please select the type of mortgage that best meets your needs or enter your own rate.

Mortgage Term

The length of the mortgage contract, which can be tied to a specific interest rate.

Interest Rate

The annual interest rate on your mortgage.

Mortgage Payment:

Interest over term:

Balance owing at term:

Total interest:

Total interest cost over amortization.

Next step?Compare mortgage scenarios

Ready to go?Get pre-approved now

Add Prepayments

Prepayment Type

For prepayments, you can choose a lump sum, percentage increase or dollar increase.

Amount

The amount (in dollars or as a percentage) that you will prepay.

Amount

The amount (in dollars or as a percentage) that you will prepay.

Payment Period

The payment period is an indicator of the number and order of payments. E.g. A mortgage with a 1-yr term paid monthly has 12 payment periods. A mortgage with a 2-year term paid semi-monthly has 48 payment periods. You can choose to apply the extra payment to any of the payment periods, for example the 5th, 10th, or 41st period.

Total savings:

Savings over term:

Mortgage-free earlier:

View graph
View report
Print results
Save/Share results

View:

Mortgage Amount

The total amount of the mortgage.

Payment Amount

The amount of principal and interest that will be paid regularly to service the mortgage during each payment period.

Payment Frequency

Product

Please select the type of mortgage that best meets your needs or enter your own rate.

Mortgage Term

The length of the mortgage contract, which can be tied to a specific interest rate.

Interest Rate

The annual interest rate on your mortgage.

Amortization Period:

Interest over term:

Balance owing at term:

Total interest:

Total interest cost over amortization.

Next step?Compare mortgage scenarios

Ready to go?Get pre-approved now

Add Prepayments

Prepayment Type

For prepayments, you can choose a lump sum, percentage increase or dollar increase.

Amount

The amount (in dollars or as a percentage) that you will prepay.

Amount

The amount (in dollars or as a percentage) that you will prepay.

Payment Period

Total savings:

Savings over term:

Mortgage-free earlier:

View graph
View report
Print results
Save/Share results

View:

Scenario 1 Scenario 2 Scenario 3

Mortgage Amount

The total amount of the mortgage.

Amortization Period

The number of months or years over which the mortgage is repaid. The maximum amortization period is 35 years.

Payment Frequency

Product

Please select the type of mortgage that best meets your needs or enter your own rate.

Mortgage Term

The length of the mortgage contract, which can be tied to a specific interest rate.

Interest Rate

The annual interest rate on your mortgage.

% %

Mortgage payment:

Total interest:

Total interest cost over amortization.

Balance owing at term:

Interest over term:

Ready to go? Get pre-approved now

Add Prepayments

Scenario 1 Scenario 2 Scenario 3

Prepayment Type

For prepayments, you can choose a lump sum, percentage increase or dollar increase.

Amount

The amount (in dollars or as a percentage) that you will prepay.

% % %

Payment Period

Total savings:

Savings over term:

Mortgage-free earlier:

View graph
View report
Print results
Save/Share results

View:

To save or share your results, please copy the URL below. You can email your results or paste the URL into your browser.

These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.

Privacy
Legal
Site Map
Accessibility
Unsubscribe
Media Centre

Market Conduct Code

Your Neighbourhood Credit Union (YNCU) is a licensed credit union operating in, and under the laws of, the province of Ontario. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) .