Run the numbers yourself

Accelerated bi-weekly pays half the monthly amount every two weeks, which adds one extra monthly payment a year and shortens your amortization. Estimates assume a fixed rate compounded semi-annually and exclude property tax, insurance and CMHC premiums.

A rough range, not an approval. We assume property tax of about 1% of the price per year and $150 a month for heat. Lenders' rules and the federal qualifying rate change; we confirm the current ones for your file. Self-employed or declined elsewhere? Different lenders assess income differently, which is exactly where a broker helps.

Switching lenders at renewal usually has no penalty, and many lenders cover the transfer costs. We check the fine print on your current mortgage before recommending a move. The comparison rate is yours to set; we never publish rates, because the right one depends on your file.

Current payments are estimated from typical minimums when you don't enter them. Consolidating into a mortgage lowers the rate and the monthly outlay, but spreading debt over a longer amortization can mean more total interest unless you keep paying it down faster, which is exactly what we plan with you.