Mortgage Calculator

Run the numbers.
Then talk to a real broker.

A quick mortgage calculator for Windsor-Essex buyers. We'll connect you with a trusted local broker for the real thing.

Your Numbers

$750,000
$200K$3M
$150,000 (20%)
5%50%
5.25%
2%10%
25 years
5 yrs30 yrs

Estimated Monthly Payment

$3,847

per month

Mortgage $3,430
Property Tax $417
Condo Fee $0
Total Interest (life of loan) $429,000
CMHC Insurance Not Required
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Real Numbers

Want a real number,
not just an estimate?

Pre-approval gives you a confirmed budget, a locked-in rate, and the ability to act fast when the right home shows up. We'll connect you with a Windsor-Essex broker we trust.

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Mortgage Basics

For Windsor-Essex
buyers.

What's a typical down payment?

5 percent on the first $500,000, 10 percent on anything above that, up to $1,500,000. Above $1.5M, you'll need 20 percent.

What's mortgage insurance?

Required when your down payment is under 20 percent. Adds to your mortgage and is paid monthly.

Fixed vs. variable?

Fixed locks your rate for the term. Variable shifts with the prime rate. Each has trade-offs depending on your timeline and risk tolerance.

What's a stress test?

A federal rule that qualifies you at a higher rate to make sure you can handle future increases.