Mortgage Calculator by Focus Mortgage of Regina, SK

Check it out!! Now you can calculate your mortgage with the lowest mortgage rates in the country!

We think it's the Best Damn Mortgage Calculator around! With over 2 Million interactions since 2015!

How does it work? Simple. This baby will take your purchase price - help you identify your down payment amount - AND, it will even calculate your potential Mortgage Insurance Fee.

What's Mortgage Insurance?? Click on the link or right <Here> to find out! You probably need it - but maybe not. Doesn't hurt to know about it though.

And hey...if you want to see a more detailed picture with the FULL Amortization...click <HERE>!

Cheers!!

REMINDERS:

As of October 17, 2016 all Insured Mortgages must Qualify at the Canadian Benchmark.

As of October 2025 - Down Payment rules have changed for PURCHASE over $500,000.00 up to $1,500,000.00

Regarding purchases over $500,000.00, the new rules require a minimum Down Payment of 5% on the first $500,000.00 and then 10% on the Balance with a MAXIMUM PURCHASE PRICE OF $1,500,000.00.

Did you catch that? It's not a $1,500,000.00 Mortgage figure - it's a $1,500,000.00 PURCHASE PRICE. I know, I know - this sounds stupid - and it is! We have plenty of clients who can't access the lowest mortgage rates and products because of this stupid rule - but hey, it's better than what it used to be. Hopefully we'll see improvements in the near future.

For example - if you purchase a home for $600,000.00 - you would have to put down $25,000.00 for the first $500,000.00 and then an additional $10,000.00 for the extra $100,000.00 you are borrowing...this equates to $35,000.00.

Under the old rules of a straight 5% Down Payment requirement - the total Down Payment required would have been $30,000.00 - so this new requirement is going to sting a few.

Don't worry about trying to do the math on your own...our calculator will be able to do it for you!

With respect to the Canadian Benchmark criteria - this does not mean your rate will be set at the Benchmark rate, rather your affordability must be calculated against it rather than the actual rate you will pay.

This effort has been put forward to help cool the Red Hot Canadian Housing Market. You can write your Thank You letters to our Minister of Finance and our Prime Minister.