Young woman using laptop

Calculators

Whether you’re looking to see what you can afford, or how much your payments could be, we’ve got the resources and tools to help you make an informed decision.

Useful tools to help you get started

Find the information you are looking for with our easy-to-use calculators.

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Affordability Calculator

  • Helps you budget for purchase and estimate your potential payments
  • Estimates how large of a mortgage you could afford
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icon-QM-calculator-prepayment

Prepayment Calculator

  • Gives you an estimate of how much you can freely prepay on
  • For prepayments over 20%, calculate what your prepayment charge could be
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Mortgage Comparison Calculator

  • Lets you easily compare our different mortgage products
  • Helps you find the mortgage that’s right for you
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Creditor Insurance Calculator

  • Easily see the coverage options available
  • Learn what your monthly creditor insurance payments could be
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Why choose QuestMortgage?

With QuestMortgage, you can:

  • Save on interest with our BetterRate ®mortgages
  • Pay off your mortgage faster with our great prepayment privileges
  • Easily apply online and access your mortgage whenever you’d like

Get expert advice when you need it

We’re here to help.

Reach out to us whichever way you’re most comfortable with and a team member will be happy to help.

Frequently asked questions

  • What is the home buyers' plan?

    The Canadian Government’s Home Buyers' Plan (HBP) allows first-time home buyers to borrow up to $35,000 from their RRSP for a down payment, tax-free.

  • What is the difference between an open and closed mortgage?

    With a closed mortgage, you will receive a lower interest rate (compared to an open mortgage), but there is a maximum annual amount you can pay towards your mortgage balance without penalty.

  • What is the mortgage stress test?

    The mortgage stress test requires financial institutions to make sure a borrower can still make mortgage payments if interest rates increase.

  • What is the difference between a mortgage amortization period and mortgage term?

    Your mortgage amortization is the length of time until your mortgage is fully repaid, typically ranging from 25-30 years. Your mortgage will have a set term. The term is the length of time you are committing to your mortgage agreement.

  • What is mortgage refinance?

    A mortgage refinance refers to ending your current mortgage and replacing it with a new one. When you refinance, you can gain access to the equity in your home by adding to the size of your mortgage or lengthening the amortization period of your mortgage.

  • What is creditor insurance?

    Creditor insurance protects you and your family. It's used to pay out a mortgage balance or cover your mortgage payments on your behalf if something unexpected happens.

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