Calculators
Loan calculators
Every calculator here runs in your browser, shows its working, and includes the Canadian rules that change the answer — semi-annual compounding on fixed-rate mortgages, the federal payday cost cap, and the difference between a scheduled loan and a revolving line of credit.
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Loan payment calculator
Enter an amount, a rate and a term to see the monthly payment, the total interest and the total you would repay.
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Mortgage payment calculator
Canadian fixed-rate mortgages are compounded semi-annually, so this calculator converts the annual rate properly before working out the payment.
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Payday loan cost calculator
Enter an amount, the number of days until repayment and the cap that applies where you live to see the charge, the total repayment and the annualised equivalent.
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Debt consolidation calculator
Enter your total balance, the average rate you pay now and the rate and term of the consolidation loan to see whether the single payment actually reduces what you pay.
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How much can I afford calculator
Enter your take-home income, your essential expenses and your existing debt payments.
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Line of credit interest calculator
Enter the balance, the rate and the payment you make to see the monthly interest, how much principal you actually repay, and how long the balance takes to clear.
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Car loan payment calculator
Enter the vehicle price, your down payment, any trade-in value and the rate and term to see the monthly payment, total interest and the total cost of the vehicle.
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Prepayment savings calculator
Enter your balance, rate and remaining term, then add an extra monthly amount or a lump sum to see the interest saved and the months taken off the loan.
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Total cost of borrowing calculator
Enter two offers — amount, fee, rate and term for each — and compare them on total repayment rather than the headline rate.
How to use them together
- Start with affordabilityUse how much can I afford to find a payment you could still make in a bad month.
- Then price the optionsUse loan payment and total cost of borrowing to compare offers on total repayment rather than rate.
- Then check the exitUse prepayment savings to see what paying a little more each month is worth.
Sources
- Financial Consumer Agency of Canada — debt and borrowing —
- Payday Lending Regulations, SOR/2024-114 —
Every figure on this page is attributed to the publisher above. Where a value could not be verified against the publisher's own publication, it is left out rather than estimated.