Smart Financial Tools for Ontario Homeowners
Make informed decisions about your mortgage and real estate transactions with Ontario's most accurate professional-grade calculators. Built by dual-licensed experts who understand both sides of your home journey.
Mortgage Penalty & Refinance Calculator
Calculate your mortgage penalty and see if refinancing makes financial sense. Get a detailed breakdown of potential savings, break-even timeline, and personalized recommendations.
- IRD & 3-month interest penalty calculation
- Refinance savings projection
- Break-even analysis
- Detailed amortization comparison
Mortgage Affordability Calculator
Discover how much home you can afford based on your income, debts, and down payment. Factor in property taxes, insurance, and other costs.
- GDS & TDS ratio calculation
- Stress test qualification
- Down payment scenarios
- Monthly payment breakdown
Land Transfer Tax Calculator
Calculate Ontario land transfer tax and first-time buyer rebates. Know your closing costs before you buy.
- Ontario LTT calculation
- Toronto municipal LTT
- First-time buyer rebates
- Total closing cost estimate
Mortgage Payment Calculator
Calculate your monthly mortgage payments with different rates, terms, and amortization periods. Compare fixed vs variable options.
- Payment frequency options
- Prepayment scenarios
- Interest vs principal breakdown
- Total cost of borrowing
Why Use DualBrokers Calculators?
Our calculators are built by dual-licensed mortgage brokers and real estate agents who understand the complete picture of your home transaction.
Professional Accuracy
Built using the same formulas and calculations used by mortgage professionals across Ontario.
Save Money
Understand your options before making major financial decisions. Knowledge is power when negotiating.
Instant Results
Get immediate answers without waiting for callbacks or appointments. Plan on your own schedule.
Need Personalized Advice?
Our calculators give you a great starting point, but every situation is unique. Connect with a dual-licensed professional who can handle both your mortgage and real estate needs.
Find a DualBrokerFrequently Asked Questions
How accurate are these mortgage calculators?
Our calculators use the same formulas and methodologies used by mortgage professionals across Canada. The Mortgage Penalty & Refinance Calculator accounts for both IRD (Interest Rate Differential) and 3-month interest penalties, providing accurate estimates based on current lender practices.
What is a mortgage penalty and when do I have to pay it?
A mortgage penalty is a fee charged by your lender when you break your mortgage contract early, either by refinancing, selling your home, or paying off your mortgage before the term ends. The penalty is typically the greater of 3 months' interest or the Interest Rate Differential (IRD).
Should I refinance my mortgage in Ontario?
Refinancing makes sense when the savings from a lower interest rate exceed the costs (penalty + legal fees + discharge fees). Our calculator helps you determine your break-even point and total savings over your remaining term. Generally, if rates have dropped significantly and you have several years left on your term, refinancing could save you thousands.
What is a dual-licensed professional?
A dual-licensed professional holds both a mortgage broker/agent license (FSRA) and a real estate license (RECO) in Ontario. This means they can help you with both financing your home purchase and the real estate transaction itself, providing a seamless experience and potentially saving you money through coordinated service.