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lefinance.xyz publishes a loan amortisation calculator and editorial content for informational use. The output is mathematically verified but is not regulated mortgage advice.

Last updated:

1. Editorial accuracy

Every figure is verified through three independent methods (closed-form formula, period-by-period simulation, Excel PMT()/IPMT()/PPMT()). Discrepancies block release.

2. No warranty

The Service is provided “as is” and “as available”, without warranties of any kind. To the maximum extent permitted by law, lefinance.xyz disclaims all such warranties.

3. Not regulated mortgage advice

The calculator is a math tool, not advice. A regulated Canadian mortgage recommendation requires a licensed broker to assess your income, debt, deposit source, credit profile, employment, and the property type. The calculator does none of that. Use the figure shown as an indicative monthly payment only. Verify any Ontario broker on the FSRA register; for other provinces, see the corresponding provincial regulator.

4. Stress tests not modelled

Canadian B-20 underwriting rules require qualifying applicants at the greater of the contracted rate plus 2 % or the Bank of Canada qualifying rate (currently 5.25 %). The calculator does not duplicate this calculation.

5. Prepayment penalties not modelled

Most Canadian fixed-rate mortgages charge an Interest Rate Differential (IRD) penalty on early payout above the prepayment-privilege limit. The calculator assumes unlimited prepayment ability. Verify your contract terms.

6. Limitation of liability

In no event will lefinance.xyz, its editors, contributors, hosting providers, or affiliates be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or in connection with the use of, or the inability to use, the Service.

Where liability cannot be excluded, our aggregate liability is limited to one hundred Canadian dollars (CA$100).

7. Third-party content

References to Microsoft Excel, Google AdSense, the FSRA, Mortgage Professionals Canada, and other trademarks are for identification only.

8. Changes

Material revisions reflected in the “Last updated” date above.

9. Contact

Errors and concerns: contact page or editor@lefinance.xyz.