Olympic Mortgage - Logo
MEET WITH US
CALL US NOW
Mortgage Calculator — Olympic Mortgage

On mobile? Turn your phone sideways (landscape) for the best view.

Olympic Mortgage

Mortgage Calculator

Estimate your numbers on a purchase or a refinance. These are educational estimates — your real rate and approval depend on your situation. When you're ready for exact numbers, that's a 15-minute call.

Conventional mortgage — no insurance premium.
5-yr variable · auto-set from current rates
Years
First-time home buyer? Affects amortization under 20% down
Does this home have a rental suite? Suite rent is added back to your income for qualifying
Is this a condo or strata? Adds strata fees and adjusts the heat estimate
$
Half is counted in qualifying (standard lender rule); you pay the full amount.
Check what you qualify for
$
Gross household income before tax
Car, credit cards, loans, support payments
Use 3% of the balance for HELOCs and credit cards. Ask David about our cash-back mortgage — you may be able to pay off unsecured balances and increase your qualification.
On track to qualify
Your max home price
$0
This price
$0
Your monthly payment
What you'd pay
$0/mo
Principal, interest + tax
at 3.55% · your rate
Qualifying payment
$0/mo
Income must support this
at 5.55% · stress test
Mortgage amount$0
Principal & interest$0/mo
Property tax (est.)$0/mo
Heat (est.)$125/mo
Monthly housing cost$0/mo
This is an estimate using standard ratios and the federal stress test. Your real numbers depend on your credit and income type. Book 15 minutes and we'll run them together.
Current loan-to-value: 53%
What you pay now
Available rate
Years left on your mortgage
Access equity? Borrow against your home (to 80% of value)
Added to your new mortgage
Estimated monthly savings
$0/mo
New payment vs. your current payment
Equity you could access
$0
Up to 80% of your home's value, minus your current balance
Now: 53%80% max
Payment comparison
Current payment
$0/mo
At your current rate
at 5.49%
New payment
$0/mo
At the new rate
at 4.29%
New mortgage balance$0
New principal & interest$0/mo
Refinancing can involve penalties to break your current term, legal/appraisal costs, and your existing lender's rules. Book 15 minutes and I'll tell you straight whether it's worth it for you.

Get your real numbers

This calculator gives you the shape of it. For the exact rate, the right structure, and a straight answer on whether the numbers work — book 15 minutes with me.

Book your consult
David Steinberg · Olympic Mortgage Corporation · 250.858.7160
Olympic Mortgage Corporation · Victoria, BC
olympicmortgages.ca · 250.858.7160
Important: All figures are illustrative estimates for educational purposes only and do not constitute a mortgage approval, commitment, or offer of credit. Rates shown are examples, not quotes, and are subject to change and qualification. Property tax, insurance, and other costs are estimated. Refinance figures do not account for prepayment penalties, discharge fees, legal or appraisal costs, or your existing lender's terms, which can materially change the outcome. Affordability estimates use standard GDS/TDS ratios and the federal stress test; actual qualification depends on your full application, credit, income type, and the lender. Olympic Mortgage Corporation — BCFSA / FICOM #145716. Consult David Steinberg for advice specific to your situation.
Want the real numbers? 15 minutes, no obligation. Book with David
No matter where you are in the buying process, its always the right time to setup a call with a mortgage specialist!
GET STARTED
Olympic Mortgage - Logo
At Olympic Mortage, we want the best for the people around us. We care for our clients, whomever they are, wherever they’re from. Everyone gets the best of us, because that’s what we want to be putting out to the world. So go ahead, try us.

CONTACT DETAILS

JOIN OUR NEWSLETTER

Stay in the know. Sign up for our weekly newsletter.
© Olympic Mortgage 2024 | All Rights Reserved. | FICOM license number: 145716. | Privacy Policy. |