Mortgage Calculator

At Source Mortgage, getting pre-approved is as easy as picking up the phone and dialing our phone number. Many of the lenders across Canada recommend getting mortgage pre-approval because it allows you to move forward with a firm budget. When you’re pre-approved, you’ll explicitly know what the maximum amount you can spend on your home is. You’ll also know how large the monthly mortgage payments will be if you buy a place that’s worth your maximum purchase price, and you can secure your mortgage rate for your first mortgage term.

If you’re not ready to get officially pre-approved, our convenient mortgage calculator offers you the ability to get a ballpark idea of your mortgage and finances as you browse for homes and fiddle with your budget. Use our handy calculator below to experiment with how changing your down payment, payment frequency, and interest rate will affect how much you’ll pay.


Heartwarming Stories

Source was absolutely great to work with - went above and beyond to help us get everything done when buying our new home. Highly recommended!! Chad and Jenelle Richards Jan 09 2013

Chad and Jenelle Richards
Added January 23rd 2013

Click here for many more testimonials of Source Mortgage

Interest Rates

6mth Term 3.10%
1yr Term 2.44%
2yr Term 2.34%
3yr Term 2.44%
4yr Term 2.64%
5yr Term 2.39%
5yr V.R.M. Prime-.60
3yr V.R.M. Prime-.45
HELOC Prime+.5%



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