Mortgage Calculator & Tools
This link can be used to submit your application securely and directly to the Prime Mortgage Works team. Simply fill in the pertinent information and upon submission, we will receive your file and get to work on your financing needs immediately. In this day and age, we know how busy our lives can be and this online tool will get the ball rolling in the right direction, right away.
- Home Budget Calculator
We can pre-approve for your mortgage just fine but does your new Mortgage Payment FIT your overall budget? This easy-to-use tool will lay it all out in plain English courtesy of CMHC.
- Maximum Mortgage Calculator
Calculate the maximum home price you can afford, the maximum mortgage amount you can borrow, and your monthly mortgage payments (including principal and interest).
- Mortgage Analyzer Calculator
The Mortgage Analyzer calculator will help you set financial goals and allow you to plan for tomorrow, today. Simply enter your current mortgage information and it will easily calculate where you are going by extrapolating the numbers for subsequent years.
- Prepayment Calculator
By using our Prepayment calculator you can see in black and white the difference making additional payments has on your interest costs. Simple math will dictate that increasing your monthly payment each anniversary date of your mortgage is not only an easy habit to start, but one that will shave years off of your amortization period, keeping hundreds of dollars in YOUR pocket and not the bank's.
- Rent vs. Buy Calculator
Determine which is more economical, renting or buying a home, based on your payments and accommodation information.
Direct information from Canada Mortgage & Housing Corporation (CMHC) filled with easy to read and great information for the First Time Homebuyer or Buyers who need a little refresher.
First Time or Repeat Buyer? Are you entitled to enjoy a Property Transfer Tax WAIVER? Find out directly from the Ministry of Finance (BC) as to ins and outs of how this tax is calculated.