Mortgage Calculator — Estimate Your Monthly Payment

How much will your mortgage cost per month? Our calculator gives you a quick estimate based on the amount borrowed, interest rate, and amortization period. A useful tool to shop your financing — and to adjust your home insurance to the right coverage amount once your property is purchased.

Why Adjust Your Home Insurance to Your New Mortgage?

The coverage amount on your home should reflect the cost of reconstruction, not the market value. Many homeowners discover at claim time that their coverage is too low — because construction costs have skyrocketed since 2020. A good practice: review your coverage amount at least every 3 years, or with each move/major renovation.

3 Tips to Save on Your Home Insurance

• Multi-product discount: bundling auto + home with the same insurer often gives 10-20% savings on both policies.
• Higher deductible: moving from $500 to $1,000 deductible can reduce your premium by 15-25% — relevant if you have a solid emergency fund.
• Installation of a water detector or connected alarm system: several insurers offer a 5-10% discount.

Get a Quote Adjusted to Your New Situation

After your purchase, have your home insurance reviewed. A partner brokerage compares multiple insurers and offers you tailored coverage in 24 hours, free of charge.