Many Ontario homeowners automatically renew their mortgage without reviewing their options. But even a small rate difference can cost thousands over five years. Before you switch your mortgage in Ontario or accept your bank’s renewal offer, learn how to review your options properly and avoid overpaying.

Use WealthTrack’s Maximum Mortgage Calculator to estimate how much you can borrow for a home in Canada. Enter your income, debts, and down payment to see your maximum mortgage and plan your home purchase confidently.

Learn what makes up your monthly mortgage payment, including principal, interest, and amortization. Understand how factors like down payment, interest rates, and amortization period affect your costs and how to manage your payments effectively.

Learn how your mortgage payments are split between principal and interest with an amortization schedule. Track your progress, plan extra payments, and see how each payment impacts your balance and long-term savings.

See how small differences in mortgage interest rates—like 5% vs 6%—impact your monthly payments, total interest, and mortgage payoff. Use our calculator to compare rates and make informed decisions before committing to a mortgage.