How to calculate
Enter the property price. Then select "Down Payment" by clicking on the dollar sign. Choose other for more options from the menu.
How to decide
Click on the "Bi-Weekly" line to reveal additional options. From there, you'll be able to view your payment differences for each frequency. Then select the best one for you.
The app automatically calculates loan and mortgage insurance (MDI) also known as CMHC, using the home price and your downpayment. If needed, the premium is automatically added to the loan value.