How to use the purchase calculator
The total monthly cost is calculated and displayed on the top of the purchase calculatorThe Total Monthly Cost is the sum of all monthly fee...
What is included in the monthly utilities & fees?
This includes all additional monthly costs associated with your home such as:Condo fees also referred to as maintenance fees which are manda...
What is the Minimum Down Payment?
As of February 15th, 2016, homes up to $500,000 require 5% minimum down payment. For homes between $500,000 and $1,000,000, the minimum down...
What is the Mortgage Default Insurance (aka CMHC)?
Mortgage Insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price. There are 3 ...
* How is the Loan and Mortgage Default Insurance estimated?
The total loan is automatically calculated for you taking into account the property value (Home price) and subtracting your down payment.&nb...
How to add extra payments / prepayment
This option is available in payment frequency tab. Located in the purchase calculator > select whether payment is monthly , biweekly . Cl...
* Payment Frequency Options
Depending on the mortgage product, you may have the option to choose how frequent you can make mortgage payments. What are the options and w...
How to create a new scenarios
In the Purchase calculatorTap on the Scenario IconCreate a new Scenario
How to create a new scenario?
If you like to start a new scenario, simple click on the scenario grid button located in the top naviations. Once you open it, you can see a...
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