Buyer tools
Mortgage Calculator
Estimate a payment before you fall in love with a home. Canadian semi-annual compounding, monthly or bi-weekly, with the down payment in dollars or percent.
Estimated monthly payment
$3,321
per month, principal and interest
- Down payment
- $150,000 (20%)
- Mortgage amount
- $600,000
- Amortization
- 25 years
Estimate only, using Canadian semi-annual compounding. Excludes property tax, strata fees, utilities and insurance. Confirm your numbers with a mortgage broker or lender; Ray can recommend local specialists.
Reading the number
The payment shown covers principal and interest only. Budget on top of it for property tax (Courtenay, Comox and Campbell River all bill annually with a July due date), home insurance, utilities and strata fees where they apply.
Lenders qualify you at a stress-test rate above your contract rate. A pre-approval is the only real answer to "how much can I afford"; Ray can introduce you to Comox Valley mortgage brokers who work with Island lenders every day.
Next: closing costs
Property Transfer Tax is the largest closing cost in BC. Work it out for the same price, including the first-time buyer exemption.
Property Transfer Tax calculatorCourtenay, Comox, Cumberland, Campbell River
Ready to Make Your Next Move?
Whether you're buying your first home, selling the family house or relocating to the Island, Ray is here for every step. No pressure, just honest, experienced guidance.