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Vancity mortgage calculator

Vancity mortgage calculator online in Canada in 2022. How to figure out a mortgage loan yourself?

Your city
Bank
TD Bank TD Bank
TD Bank TD Bank
Royal Bank of Canada Royal Bank of Canada
Scotiabank Scotiabank
Bank of Montreal Bank of Montreal
Canadian Imperial Bank Of Commerce (CIBC) Canadian Imperial Bank Of Commerce (CIBC)
HSBC HSBC
Tangerine Bank Tangerine Bank
ATB Financial ATB Financial
Coast Capital Savings Coast Capital Savings
Calculation according to the real estate value
Calculation according to the loan amount
Calculate the mortgage
Loan amount
i

Specify the desired loan amount

CAD
CAD
USD
50000 $
1000000 $
Vancity mortgage calculator Vancity mortgage calculator Vancity mortgage calculator Vancity mortgage calculator Vancity mortgage calculator
Loan amount
i

Loan amount

CAD
CAD
USD
50000 $
1000000 $
Down payment
i

Specify the percentage of the down payment

%
$
5
50
Your loan amount
$
Loan term
i

Specify the loan term for the calculation

years
months
0.5
35
Interest rate
i

Choose the interest rate on the loan

4.5 %
8.5 %
Type of payments
i

Specify the type of payment for calculating

Fill out an application for a mortgage!
Fill out an application for a mortgage!

Take advantage of our mortgage selection system with a free credit rating check!

What is the Vancity Mortgage calculator?

Mortgage Calculator is an information tool designed to determine loan affordability and minimal fees. This instrument allows you to define the advantages and disadvantages of different mortgage products, payments, payback periods, and the amount you can borrow.

It is worth calculating different scenarios and estimating your payments using preliminary numbers associated with a mortgage loan to avoid financial bubbles and personal budget hardship and make balanced decisions.

Attention! All mortgage calculators exist for information purposes. Examples are hypothetical, so they cannot reflect the impact of interest rate fluctuations over the life of your mortgage, so such results should never replace a consultation with a mortgage specialist and never imply a commitment by the bank to disburse a loan; therefore, they should not be considered pre-approval.

Vancity Mortgage calculators

Four Vancity mortgage calculators model the impact of lending on your financial life over the life of the mortgage loan.

Why do you need the Vancity mortgage calculator?

The mortgage calculator is designed to help you make a preliminary selection of a suitable mortgage product for your household budget. You can use it to prepare for an appointment with a mortgage specialist and assess your payments and chances for various loan amounts from a loan servicing perspective.

How to use the Vancity mortgage calculator

What is the Vancity prime interest rate?

The prime interest rate is the benchmark interest rate that determines the fixed and floating interest rates on Vancity loan products. Actual information on the prime interest rate can be found on the Vancity website.

How much Vancity Bank allows you to borrow?

The specific amount depends on the mortgage product, your risk profile, and other factors such as your ability to service the loan.

Is it hard to get approved for a Vancity mortgage?

Vancity offers more than ten mortgage products tailored to meet the financing needs of different customers. Getting approved is easy if you meet credibility, credit score, and other lender criteria.