Tools and Calculators

Discover a wide range of tools and calculators below to help you in your homebuying journey.

Real Estate Tools & Calculators

Buying a house is a huge financial decision, and it’s important to go into it well educated with a full understanding of the financial requirements. To help you in your home-buying journey, we’ve created a variety of tools to help you with this process. Our tools cover items such as what you can afford, mortgages and down payments, buying vs. renting, investing, and more.


Affordability Calculator

If you’re just getting started, a good place to start is by using an affordability calculator. This will give you an estimate of the maximum price you can afford based on your income, debts, and other financial factors. Keep in mind that this is just a starting point – your actual affordability may be different based on your unique circumstances. To get the most accurate picture of what you can afford, talk to a mortgage broker or lender. They’ll be able to help you calculate your mortgage and give you a more detailed affordability assessment. With this information in hand, you’ll be ready to start shopping for your new home with confidence.

Click here to use the Affordability Calculator 


Buy vs. Rent Calculator

When it comes to deciding whether to buy or rent a home, there are a number of factors to consider. First, you’ll need to think about your financial situation and whether you can afford a mortgage. You’ll also need to factor in the cost of repairs and maintenance, as well as the flexibility that renting offers. One helpful way to make a decision is to use a buy vs rent calculator. This will take into account your specific circumstances and help you to weigh the pros and cons of each option. Ultimately, the decision of whether to buy or rent is a personal one and will depend on your individual needs and preferences.

Click here to use the Buy vs. Rent Calculator


CMHC Insurance Calculator

If you’re buying a home and have a down payment of less than 20%, you’ll need to purchase mortgage default insurance, also known as mortgage loan insurance or CMHC mortgage insurance. Mortgage default insurance protects the lender if you, as the borrower, stop making your mortgage payments or break the terms of your mortgage contract. Be prepared and understand what you can expect to pay using our CMHC Insurance Calculator.

Click here to use the CMHC Insurance Calculator


Investment Calculator

If you’re thinking about investing in real estate, you’ll need to factor in a number of different costs and potential revenue streams. Our real estate investment calculator can help you take a closer look at the numbers and make an informed decision about whether or not investing in real estate is right for you. Some of the key factors you’ll need to consider include the purchase price of the property, any renovation costs, ongoing maintenance and repair costs, property taxes, and the expected rental income from the property. With our real estate investment calculator, you can input all of these variables and get a clear picture of your potential return on investment.

Click here to use the Investor Calculator


Sterling Homes Mortgage Calculator

A mortgage calculator is a great tool to use when you’re considering purchasing a home. It can help you compare homes and mortgage amounts to find the option that best suits your needs. When you use a mortgage calculator, you’ll need to input information such as the price of the home, the down payment, the mortgage term, and the interest rate. With this information, the calculator will be able to provide you with an estimate of your monthly payments. It’s important to remember that this is just an estimate – your actual payments may be higher or lower depending on factors such as closing costs and property taxes. With the Sterling Homes Mortgage Calculator, you can compare 2 properties using the job numbers.

Click here to use the Sterling Homes Mortgage Calculator


GST Rebate Calculator

The GST New Housing Rebate may allow you to recover some of the goods and services tax (GST) paid for a new or substantially renovated house that has been purchased for use as your primary place of residence. At Sterling Homes, this rebate is included in your purchase price. But if you’re curious what the rebate would be, you can find out with our easy to use GST rebate calculator.  Try it now!

Click here to use the GST Rebate Calculator