Mortgages designed for Life
Mortgage Calculator

Mortgage Calculator

You can enter a loan amount and find out what your estimated monthly payments would be...

House Price
Down Payment
Interest Rate
%
Term Length
years
your payment is:

or enter the amount you want to pay per month and find out what size of mortgage you can afford.

Monthly Budget
Interest Rate
%
Term Length
years
 
 
mortgage amount:

Mortgage Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Gale Date

In mortgaging, the date on which interest is charged or compounded on the loan.

Garnishment

The legal attachment by creditors of a debtor's wages, cashflow or assets. The party served with notice must comply with the Garnishee Order and forward funds to the creditor(s) named.

Grant

Technical term used in deeds of conveyance to indicate a transfer of an interest or estate in land.

Grantee

The party to whom an interest in real property is conveyed (the buyer).

Grantor

The person who conveys an interest in real estate by deed (the seller).

Gross Area

The total floor area of a building, measured from the outside of the exterior walls.

Gross Income (Single Family)

The total annual personal income before deductions used in the calculation of an applicant's debt service ratios

Gross Leasable Area

The total floor area designed for tenant occupancy and exclusive use and that area on which tenants pay rent. As adopted by the shopping centre industry, it is measured from the centre line of joint partitions and from outside wall faces. This will not include common areas.

Gross Lease

A lease that provides that all expenses attributable to the real estate are paid by the landlord. According to local terminology, leases may require some expense to be paid by the tenant.

Ground Lease

Contract for the rental of land usually for a long term.

Guarantor

One who promises to pay a debt or perform an obligation contracted by another in the event the original obligor fails to pay or to perform as contracted.