APR Calculator | AllenEhlert.com

Inputs

APR Calculation Method ?

Educational Mode

Lender Type ?

How are fees paid? ?

Payments Made ?

Interest withheld (periods) ?

Default Insurance (Auto)

Enable Auto Default Insurance ?

Product Type ?

Insurer (rate base) ?

Province (premium tax) ?

Value Basis for LTV ?

Auto-calc Mortgage Amount ?

Purchase Price ($)

Lending Value / Appraisal ($)

Down Payment ($)

Non-traditional Down Payment (90.01–95%) ?

30-Year Insured Eligibility ?

Insurer / Product Surcharge (add to premium rate) ?

Premium Payment Method ?

Status (auto) ?

Estimated Insurance Premium ($) ?

Estimated Premium Tax ($)

Note: This estimator uses published CMHC premium schedules for homeowner loans and refinance/portability increases. Final eligibility and exact premium treatment can vary by insurer, lender, occupancy, property type, and program rules.

Refinance at ≤ 80% LTV ("Insurable"): No borrower-paid premium applies. Lenders may obtain portfolio (bulk) insurance at their own cost; no charge is passed to the borrower.

Manitoba: Manitoba removed its 7% Retail Sales Tax (RST) on mortgage default insurance premiums in 2020. No provincial tax applies to insured mortgages in Manitoba.

Loan-to-Value (LTV) —

Enter property value and down payment

Mortgage Amount ($)

Contract Rate (%) ?

Compounding Convention ?

Payment Frequency

Amortization (years)

Term (years) ?

Fees included in APR

Required Insurance / Other ($) ?

Miscellaneous Fee ($) ?

Appraisal Fee ($) ?

Brokerage Fees ($) ?

Lender Fees (Other) ($) ?

Administration Fee ($) ?

Processing Fee ($) ?

Commitment / Issuance Fee ($) ?

Funding / Disbursement Fee ($) ?

Renewal / Extension Fee ($) ?

Educational mode: Uses a cash-flow (IRR) approach including fee timing and “in advance” interest when selected. Provincial Regulatory modes lock assumptions for standardized disclosure comparisons.

Results

Estimated APR (Effective Annual) Educational (IRR)

—

Enter values and click Calculate APR.

Estimated APR (Nominal, Compounded Semi-Annually) Canadian disclosure convention

—

Converts the effective annual APR back to a nominal rate compounded semi-annually — the convention used in Canadian mortgage cost-of-borrowing disclosures. Equivalent economic cost to the effective annual figure above.

APR vs Contract Rate — Fee Cost Visualised —

Contract effective rate

APR (incl. fees)

—

The shaded gap is the annualised cost of all fees. A wider gap means fees add meaningfully to the true borrowing cost.

Payment —

—

Calculated using the selected compounding convention and amortization.

Term-End Balance —

—

Remaining principal at term end (modelled as payoff cashflow for APR).

Contract Effective Annual Rate fees excluded

—

Effective annual cost from compounding alone (no fees).

Total Fees Included entered

—

Sum of all entered fee fields.

Copy-ready Summary client email / deal note

Copies APR, payment, and the fee breakdown into a clean text block.

Cost Buckets —

Financed Costs Added to mortgage balance —

Item	Amount
Default Insurance Premium (capitalized)	—
Financed Lender / Admin / Broker Fees	—
Other Financed Costs	—
Total Financed Costs	—

These amounts increase your mortgage balance and accrue interest.

Upfront Costs Paid at closing —

Item	Amount
Default Insurance Premium Tax (PST/QST)	—
Upfront Lender / Admin / Broker Fees	—
Appraisal / Required Third-Party Charges	—
Total Upfront Costs	—

These amounts are paid at closing and do not accrue interest.

Total Mandatory Costs Financed + Upfront —

Category	Amount
Financed Costs	—
Upfront Costs	—
Total Mandatory Costs	—

How This Affects Your Mortgage —

Summary	Amount
Base Mortgage (before financed costs)	—
+ Financed Costs	—
= Total Mortgage Balance	—
Upfront Cash Required (cost bucket)	—
Net Advance (Funds Received)	—

The APR calculation uses your net funds received (after upfront costs), your scheduled payments, and the term-end balance.

Copied.