Mortgage Calculator
Know Your Payment Before You Fall in Love
The worst time to learn your real monthly payment is after you have found the home. Run your numbers first, then shop within them. Confidence at the offer table starts here.
The Calculator
Estimate Your Monthly Payment
Estimates only. Excludes property tax, insurance, condo fees, and CMHC premiums where applicable.
Reading the Number
What the Payment Does Not Include
- Property taxes: Markham rates apply on top of your payment
- Home insurance: required by every lender
- Condo or maintenance fees where applicable
- Mortgage default insurance if under 20% down
- Utilities and upkeep: the ownership line items renters forget
The calculator tells you a payment. A pre approval tells you a budget. Neeraj can connect you with trusted mortgage professionals to get the real number.
Help Me Get Pre ApprovedCalculator Questions
Numbers, Explained
How to read your estimate.
How is a mortgage payment calculated?
Payments depend on the loan amount, interest rate, and amortization period. This calculator estimates monthly principal and interest; property taxes, insurance, and condo fees are additional.
What amortization should I choose?
25 years is standard for insured mortgages; 30 years lowers payments but increases total interest. Shorter amortizations build equity faster. Your lender will confirm what you qualify for.
Is this calculator an approval?
No. It is an estimate for planning. Your real budget comes from a pre approval, which Neeraj can help arrange through trusted mortgage professionals.
A Payment Is a Guess. A Pre Approval Is a Plan.
Turn your estimate into a real budget, then shop Markham with the confidence of a buyer who already knows their ceiling.
Prefer to talk? Call or text (647) 370 8885 · info@kaizenrealestate.ca