&nbsp;

<section class="main">
<div id="financial-tools">
<div id="aboutUs"><section id="tools-overview-title-section">
<h5>Use this calculator to calculate what your monthly mortgage payments will be and generate an amortization schedule. You can also quickly see how much interest you will pay, and your principal balances.</h5>
</section><section id="amortization-calculator-input">
<div class="calculatorGrayBox" data-fh-impression="{&quot;section&quot;:&quot;AmortizationCalculatorInput&quot;,&quot;renderId&quot;:1930696002}"><header>
<h2>Mortgage Calculator</h2>
</header><form>
<div class="row-2 clearfix formList">
<div class="col-1-2">

&nbsp;
<div class="inputType"><b>1</b> Mortgage Amount</div>
&nbsp;

</div>
<div class="col-1-2">
<div>
<div>

<input id="loanVal" class="reg-input validatePositiveNumber pre-populated" name="loanVal" size="10" type="text" value="" /><span class="postInput">$</span>
<div id="advice-loanVal" class="validation-advice validation-failed"></div>
</div>
</div>
</div>
</div>
<div class="row-2 clearfix formList">
<div class="col-1-2">

<label for="rateVal"><b>2</b> </label>
<div class="inputType">Interest Rate</div>
&nbsp;

</div>
<div class="col-1-2">
<div>
<div><input id="rateVal" class="reg-input validatePositiveNumber pre-populated" name="rateVal" size="10" type="text" value="" /><span class="postInput">%</span>
<div id="advice-rateVal" class="validation-advice validation-failed"></div>
</div>
</div>
</div>
</div>
<div class="row-2 clearfix formList">
<div class="col-1-2">

<label for="yearVal"><b>3</b> </label>
<div class="inputType">Mortgage Length (25 and 30 years are most common)</div>
&nbsp;

</div>
<div class="col-1-2">
<div>
<div>

<input id="yearVal" class="reg-input validatePositiveNumber pre-populated" name="yearVal" size="10" type="text" value="" />
<div id="advice-yearVal" class="validation-advice validation-failed"></div>
</div>
</div>
</div>
</div>
</form></div>
</section><section class="calculatorSection">
<div id="amortization-calculator-output" class="calculatorDetailBox" data-fh-impression="{&quot;section&quot;:&quot;BaseCalculations&quot;,&quot;renderId&quot;:1984345888}">
<h2>Your Amortization Summary</h2>
<h3>Base Calculations</h3>
<div class="calculationsTable">
<table>
<thead>
<tr>
<th style="color: #1774ad; font-weight: bold;">Monthly
Principal &amp; Interest</th>
<th>Number of Payments</th>
<th>Total Payments</th>
<th class="monthlyPayments">Original Mortgage</th>
</tr>
</thead>
<tbody>
<tr>
<td id="colAmountBox" data-label="Monthly Principal &amp; Interest">—</td>
<td id="colInterestBox" data-label="Number of Payments">—</td>
<td id="colYearsBox" data-label="Total Payments">—</td>
<td id="payVal" class="monthlyPayments" data-label="Original Mortgage Amount">—</td>
</tr>
</tbody>
</table>
</div>
</div>
<div id="amortization-calculator-charts" class="calculatorDetailBox" data-fh-impression="{&quot;section&quot;:&quot;AdditionalAmortizationInformation&quot;,&quot;renderId&quot;:453871434}">
<h3>Additional amortization information</h3>
<div class="toolsChart firstToolsChart">
<div id="amortizationChart"><img src="https://www.stevewhitemortgages.ca/wp-content/themes/finanza/images/amortization.jpg" alt="Amortization Chart" />This chart illustrates how balances decrease over time for
a fixed rate mortgage.

</div>
</div>
<div class="toolsChart secondToolsChart">
<div id="principalChart"><img src="https://www.stevewhitemortgages.ca/wp-content/themes/finanza/images/principal.jpg" alt="Principal Inactive Chart" />This chart shows how payments are split between principal
and interest payments over time.

</div>
</div>
</div>
</section><section id="amortization-calculator-details" class="calculator-details " data-fh-impression="{&quot;section&quot;:&quot;YourFullAmortizationSchedule&quot;,&quot;renderId&quot;:1211233021}"><header>
<h2>Your Full Amortization Schedule</h2>
</header>
<table class="loanOutputTable">
<tbody>
<tr>
<th>Month/Year</th>
<th>Payment Amount</th>
<th>Interest Paid</th>
<th>Principal Paid</th>
<th class="monthlyPayments">Mortgage Balance</th>
</tr>
</tbody>
</table>
<div id="fullTableContainer"></div>
</section><section class="disclaimer">These calculations are approximate and for information purposes only. Actual payment amounts may differ and will be determined at the time of your application. Please do not rely solely on this information or result when making financial decisions; please speak with me directly to review your mortgage options.

To make this calculation, a fixed interest rate over the entire amortization period is used. In reality I will renegotiate at the end of each mortgage term on your behalf; depending on the state of the economy and Bank of Canada lending rates, your mortgage rate will likely change.

A minimum 5% down payment is required for a purchase price of $500,000 or less. For a purchase price between $500,000 and $1 million, the minimum down payment is 5% on the first $500,000 and 10% on the balance. Default insurance costs will apply. A home purchase price of greater than $1 million dollars is not eligible for mortgage default insurance and requires a minimum down payment of 20%.

</section></div>
<div class="clear"></div>
</div>
</section>&nbsp;