Mortgage Calculator

What can I afford?

The more financial flexibility you have, the easier it is to strike the right balance between owning your own condo and independent living. You will need to estimate your income, expenses, investments, savings, and debt to determine what would be an appropriate mortgage for you. You can use our Mortgage Calculator below to estimate your monthly mortgage payments at today's interest rates.

Ideal Interest Rates 

The current Prime Interest Rate is at an unprecedented low amidst the current market trends.

This is fantastic news for those looking to purchase a home with interest rates down almost 2% from early 2020.

You can also explore financial programs designed to help make the process of buying your first home easier:

*Note this information is accurate on March 25, 2020.

Condo Shopping on Your Couch

Carrington Communities offers quality condos in all quadrants of the city, including our Elements by Carrington condo line to those looking for affordable, independent homeownership.

We give you access to the resources to accomplish homeownership through our Homebuyer Guides for First-Time Homebuyers and Downsizers, and our Mortgage Solutions with Ownest Financial.

Find out how Carrington is giving you the full condo shopping experience from your couch here.

Mortgage Calculator

This mortgage calculator is to be used only to estimate your mortgage payments. It does not include potential CMHC insurance fees, legal or closing fees and should not replace sound financial advice from a financial professional.