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Educational and life-stage primers: amortization concepts, true monthly costs, first-time buyer inputs, and PMI.
A complete walkthrough for new users: entering your first scenario, adding a second tab, reading the Compare view, and using extra payments, Save, and Download.
Updated Apr 15, 2026
Clarify amortization length versus contract term and why both matter when you compare scenarios.
Updated Mar 15, 2026
On a $500k loan at 5% over 25 years, semi-annual compounding lowers the monthly payment by about $15 versus US monthly math - roughly $4,500 less interest total.
Updated May 25, 2026
On a $500k Canadian mortgage at 5.15% over 25 years, month one shows about $2,123 interest and $828 principal.
Updated Apr 9, 2026
With $380k left at renewal, a posted 6.10% rate costs $96/mo more than a broker quote at 5.65%, plus $8,089 extra interest over the next 5-year term.
Updated Jun 8, 2026
On a $650,000 Ontario purchase at the stepped minimum down, CMHC insurance adds $24,400 to your mortgage and $1,952 in cash at closing.
Updated May 23, 2026
On an $800,000 Toronto purchase with 10% down, first-time buyers budget about $22,600 in closing costs beyond the down payment; repeat buyers about $31,100.
On a $650k Ontario purchase, stepped minimum down with CMHC costs $672/mo more than 20% down from HBP and FHSA savings.
Updated Jun 10, 2026
Toronto $900k at 20% down runs $4,895/mo all-in vs Ottawa $650k at 10% down at $4,294/mo, before land transfer tax.
On a Vancouver $850k purchase with 10% down, PTT is $15,000 cash at closing and the insured payment runs $5,040/mo all-in.
Calgary $700k at 10% down runs $4,381/mo all-in with a $750 land title fee at closing vs $10,475 provincial LTT in Ontario.
Updated Jun 11, 2026
On a $120k income and a 5.10% contract rate, the stress test qualifying rate is 7.10%, cutting maximum borrowing by roughly 17%.
Updated May 24, 2026
On $110,000 household income, a $2,800/mo mortgage payment yields 36% GDS; add $750/mo in other debt and TDS hits 44.2%, just over the 44% cap.
Updated Jun 3, 2026
Same $380,000 loan at 6.5% on 15/20/30-yr amortization: scheduled P&I is $3,310, $2,833, $2,402; lifetime interest about $216k-$485k. Compare overlays balance curves.
Updated Apr 29, 2026
A $450k US home with 10% down: taxes, insurance, and HOA add about $900/mo on top of P&I and PMI in this modeled budget.
Same $380k US home: 5% down at 7% with PMI drives about $98k more total interest than 20% down at 6.75% with no PMI.
On a $400k US conventional loan, 5% down with 0.58% PMI adds about $184/mo early on and roughly $81k more lifetime interest than 20% down.
$400k at 6.50% with 10% down produces $2,965/mo PITI; $340k produces $2,524/mo. The $441/mo gap is what most buyers feel as breathing room.
Updated Apr 20, 2026
On a $400,000 home at 6.75%, 5% down saves $60,000 cash at closing but adds $174/mo PMI and $80,000 more total interest than 20% down. Three levels compared.
Updated May 12, 2026
On $90k income with $670/mo debt, 28/36 caps buying power at $296k; at 28/45 the front-end limit takes over at $306k.
Updated May 26, 2026
At 6.50% over 30 years, a $400,000 loan runs $2,528/month P&I and $510,178 in total interest. Rate tables from 5.50% to 7.50% for 30- and 15-year terms.
At 6.50% over 30 years, a $500,000 loan runs $3,160/month P&I and $637,722 in total interest. Rate tables from 5.50% to 7.50% for 30- and 15-year terms.
On a $400k conventional purchase with 10% down, closing costs typically add $10,500-$16,000 beyond the $40,000 down payment - itemized by lender, title, and prepaid line.