Mortgage Payment calculator for Canadian market. All of its features are based on industry practices used in Canadian Market. It includes down payment requirement, default insurance fee, semi-annual calculation of interest, default insurance fee (CMHC guideline as of January 22, 2020), amortization period and payment frequency.
It also gives a guideline of qualified income guideline based on industry standard TDSR and GDSR ratio which can be easily changed based on requirement.
This app is for information purpose only, does not provide any guarantee of accuracy of whatsoever and to be confirmed with any financial institution. User agrees to completely indemnify the developer.