TD Bank Mortgage Rates and Calculator – Home Loans

For those who are seeking a home loan, TD Bank offers its clients a free service of calculators to help you to make the right choice.


1- How much can I afford?

This calculator as the names says will show you how much you can pay for a new house considering your income and debts.


Select the interest rate and loan term you desire and then fill in with:

Monthly Income

  • Salary
  • Comission
  • Bonus
  • Other
  • Co-Borrower income information

Monthly Liabilities

  • Auto loans
  • Credit cards
  • Installment loan
  • Student loan
  • Other loans
  • Alimony and child support
  • Other
  • Co-Borrower monthly liabilities information

Monthly House Expenses

  • Real estate taxes
  • Hazard insurance
  • Association dues or fees
  • Mortgage insurance

Click on Calculate and see the results.


2- Mortgage comparison 

Use this calculator to help you to decide which mortgage term is the best for you. With a 15 years mortgage term you will pay less interest but can you afford it? Find out here.


Just fill in with:

  • Mortgage amount
  • Marginal tax rate
  • Interest rate for 15 y
  • Interest rate for 30 y

Calculate and check the results


3- Should I refinance?

Is still in doubt if refinance is the best option? Use this calculator to find the answer. Its calculations consider the closing costs and different interest rates.

Fill in with the required information as:

Original Mortgage

  • Original loan amount
  • Appraised value
  • Original interest rate
  • Loan term (in years)
  • Income tax rate

New Mortgage

  • Appraised value
  • Interest rate
  • Loan term (in years)
  • Loan origination rate
  • Points paid
  • Other closing costs

Calculate and view report. You’ll have some graphs to help you to analyze the results.


4- How much I save by making aditional payments?

Discover how much interest will you save by increasing your mortgage payment monthly.


Just fill in with the required information as: Years remaining, Original mortgage term, Original mortgage amount, Additional monthly payment and Annual interest rate.

Click on Calculate and view report. Check the graphs to help you analyzing the results.



5- Should I buy points?

Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. However, each “point” will cost you 1% of your mortgage balance. Use this calculator to find out if this is the best financial option for you.

Mortgage with points

  • Mortgage amount
  • Term in years
  • Discount points
  • Points rate

Mortgage without points

  • Loan amount
  • Interest rate

Mortgage points calculator inputs

  • Years in home

Calculate and view report.


6- Should I rent or buy?

This is a tough decision where you need to analyze not only the mortgage payment but all the others debts that you have every month. This calculator will help you to decide which is the best financial decision for you.

Fill in with:

Mortgage and Home Expenses

  • Purchase price
  • Interest Rate
  • Term in years
  • Property tax rate
  • Home insurance
  • Assoc. and maintenance fees

Down Payments and Closing Costs

  • Cash on hand
  • Loan origination
  • Points paid
  • Other closing costs

Rent, Taxes and Inflation

  • Monthly rent payment
  • After tax investment return
  • Expected inflation
  • Home appreciates at
  • Future sales comission


Click on calculate and check the results.



Any other doubts please contact TD Bank Mortgage Advisor: 1(800)822-6761