The tools and features on this website, including our mortgage calculator, are for illustrative purposes only and provide estimates based on certain assumptions. They may not encompass all scenarios. We recommend using these tools in consultation with a West Capital Mortgage advisor. West Capital Mortgage does not guarantee the accuracy, reliability, or completeness of these tools or their calculations. For full disclaimer, see here.
Provide necessary information for accurate calculations.
Generate precise outcomes based on entered data.
Explore various possibilities before making a decision.
Finalize the process and transfer ownership accordingly.
Our mortgage calculator requires you to input details such as the loan amount, interest rate, and loan term. It then calculates your estimated monthly payment based on these inputs, incorporating principal and interest components. Some details like the interest rate are set to the lowest rate available by default.
To use our Mortgage Payment Calculator effectively, you'll need the purchase price of the home, your down payment amount, the loan term (in years), and the interest rate.
West Capital Mortgage proudly servesallacross British Columbia, with multiple offices strategically located throughout the Lower Mainland. Whether you're looking to buy a home, refinance, or inquire about mortgage options, we are here to assist you wherever you are in the region.
Yes, our mortgage payment calculator can provide estimates for different types of mortgages, such as fixed-rate and variable-rate mortgages, by adjusting the interest rate and loan term according to the type of mortgage you are considering.
Yes, our calculator includes estimates for taxes and homeowners insurance in your monthly payment calculation. Additionally, if your down payment is below the required minimum, the calculator will automatically include mortgage insurance in your estimated payment to give you a more comprehensive view of your potential expenses.
Yes, the calculator can provide an estimate of the total cost over the life of the loan by multiplying the monthly payment by the number of payments (months in the loan term) and adding any upfront costs like down payment. This can be found under the label "Total Interest Cost" on our calculator.