Mortgage Calculator
Instantly estimate your monthly payments—even for multi-unit properties.
Adjust the values below to see your payment, interest, and more for any scenario—single family or “missing middle.”
Mortgage FAQs & Guidance
- How is my mortgage payment calculated?
It’s based on your loan amount, interest rate, and amortization period. We use a standard Canadian mortgage formula. - What is a “multi-unit” property?
Typically a building with 2+ rental units (like duplex, fourplex, or apartment). Financing rules differ for 4+ units! - Does rent cover all my mortgage?
Most lenders only count 50–80% of rental income toward your application. Plan for vacancies and repairs. - What about property taxes, insurance, and fees?
This tool is for mortgage payment only—remember to budget for ALL housing costs. - Want custom advice?
Contact Fanny for a tailored assessment!