Imagine a mortgage calculator so comprehensive that the least expensive route to home ownership becomes tangible before a commitment is made; a mortgage calculator that can calculate beyond down payment, monthly payments, rates and amortization length.
Thanks to the Canadian Mortgage Calculator created by Jon Wittwer, this ability has become accessible to all prospective Canadian homebuyers with an Internet connection and Excel. Wittwer’s mortgage calculators actually take into consideration potential tax deductions mortgage interest can generate, and the lump sum payments you might make along the way.