PERSONAL
BUSINESS
Luminus Financial Banner Logo
MENU
Become a member

Calculators

Mortgage Calculators

Want a better experience?

When you apply for a mortgage with Luminus Financial, you don't just get a great rate, you become a member-owner with a say in how your credit union operates.
Become a Member

Limited Time Special Offers*

High Ratio Mortgage Special
3.99%
APPLY
3-Year Closed Co-op/Co-ownership Mortgage
4.84%
APPLY
5-Year Closed Co-op/Co-ownership Mortgage
4.99%
APPLY
3-Year Closed Mortgage
5.30%
APPLY
5-Year Closed Mortgage
5.59%
APPLY

Mortgage calculators

At Luminus Financial, we're here to assist you in navigating your home ownership journey. Use the calculators below to estimate your monthly mortgage payments and explore various loan options to find a plan that is right for you.
Use our mortgage payment calculator to quickly estimate your monthly mortgage payments and generate an amortization schedule.
Purchase Price
$
Downpayment
$
Amortization Period
Years
Payment Frequency
Interest Rate
%
Results

Looking to get a deeper understanding of your potential payment schedule? Visit the Financial Consumer Agency of Canada's official mortgage payment calculator for an in-depth view of your potential payments, amortization, interest paid, and more.

Blend & Extend Calculator

A blended mortgage lets you refinance by combining your current mortgage rate with your lender’s latest rates, often without prepayment penalties for early renewal. You can also increase your loan amount by tapping into home equity. Use the blend-and-extend mortgage calculator here to estimate your new blended rate. The calculator assumes your existing rate stays in place for the remaining term and applies the current rate to any additional funds or extended term.

Mortgage affordability

The mortgage affordability calculator is a valuable tool that assists in assessing your borrowing capacity for a home loan. By analyzing various factors, such as your income, expenses, and current financial obligations, this calculator provides a clear estimate of the maximum amount you can borrow while maintaining financial stability.
Household Income
$
Monthly Expenses
$
Debt (Total)
$
Down Payment
$
Calculate

Mortgage comparison

Not sure which mortgage is right for you? Use this handy comparison calculator to test out different scenarios and determine which is the right choice.
DISCLAIMER: These calculators are made available to you as tools for independent use and are not intended to provide advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.

Jump to

Ready to get started?

Join Luminus
Need some help? Contact us for more information:

*Mortgage special rates are for a limited time only, subject to change without notice.

All rates posted on the website, including special offers, are subject to approved credit and may change without notice. Some restrictions apply. See in branch for details and eligibility. These special rates may not be combined with any other offers.

Ready to get started?

Become a member

Dear Members: In connection with the audit of the financial statements of Luminus Financial Services & Credit Union as at December 31, 2025 and for the year then ended, please review your statement. If it does not agree with your records, please report any differences directly to our auditors, MNP LLP: Bryn Hafer, bryn.hafer@mnp.ca, (416) 617-3074.

Luminus 75th Anniversary Logo
BANKING
BORROWING
INVESTING & INSURANCE
ABOUT LUMINUS

© 2023 Luminus Financial. All rights reserved. | View our Legal and Privacy Policy pages.

Skip to content