I have been using an App which I believe Home Buyers would love. It's called Canadian Mortgage App. This Mortgage Calculator is as precise as it gets.
- Total Monthly Home Cost
- Canadian Mortgage Payment (variable or fixed)
- CMHC Premium
- Land Transfer Tax Fees
- Includes First Time Buyer Rebates
When showing a home that a client really likes this app allows me to enter all the numbers (price, property tax etc...) and instantly provide them with a monthly payment. As buyers you can do the same. You can also adjust figures such as the down payment and see how the monthly payment is affected. It is a great home buying tool.