How can we help you?
Are you looking to buy a new home or refinance your current one? These calculators will help provide an estimate on how much money you will need or how much you will receive from refinancing. All you need to do is sign up, and answer a few short questions to receive an estimate!
Getting started mortgage calculator
Are you considering buying a home in the near future? One of the first things you need to consider is your budget. This mortgage calculator will help you figure out how much you could afford to spend on a new home based on the Government of Canada’s 5 year stress test. The questionnaire will calculate your yearly income, how much you have saved and how much debt you have to estimate the worth of a home you could comfortably afford. It is important to remember that this is just an estimate. A mortgage broker at Renwick Mortgages can help you get a more accurate result following this questionnaire, so call us today!
Purchase mortgage calculator
Have you already found a home you love and want to buy? Congratulations! This questionnaire will help you determine if you will be able to comfortably afford it or not. You will have to input how much you expect to pay for the home, what your annual income is, how much you’ve saved and how much debt you owe. The calculator will then estimate whether or not you can afford the home. If you can’t it will provide an estimate for a price that you could afford. If you still have your heart set on a specific home, call Renwick Mortgages today to see what we can do to help.
Refinance mortgage calculator
If you already own a home and want to refinance it, this mortgage calculator will help you find out how much you are able to take out. The questionnaire will ask you about your annual income, an estimated amount of what your property is worth, how much you have left to pay on the mortgage and what debts you owe. Based on the Government of Canada’s 5 year stress test and your answers, the questionnaire will tell you how much you can take out. If you want to continue with refinancing, or want a more accurate estimate, call Renwick Mortgages today!