The "House Poor" Reality
Calculators don't tell you whether buying a house will leave you living on "Kraft Dinner and gas," or if you'll spend decades being "house poor."
Private Canadian Mortgage Intelligence
The Mortgage Calculator That Refuses to Sell Your Data.
Accurate Canadian compounding math, transparent cash-at-closing audit, and zero forced registration. Test your scenarios freely, or upgrade to the complete $7 CAD BluePrint.
The 4 Cost Traps
What quietly breaks homebuyer budgets.
The Lead-Gen Trap
Many "free calculators" require email and phone first, then route your data into broker lead funnels. TrueClose keeps full simulation access in guest mode.
The Break Penalty Trap
Breaking a mortgage can cost a lot of money in IRD penalties if the calculation is based on the published rate rather than the actual rate in your contract.
The Closing Day Surprise
Provincial tax on Default Insurance premiums and legal disbursements are some of the cash-at-closing obligations that many tools ignore.
What Canadians Are Saying
Real frustrations from real homebuyers.
Common frustrations we read in Canadian personal finance forums.
I eventually got frustrated: they are clunky, lack visuals, have no comparisons, and so many 'free' tools are just traps to get your email or serve you ads for banks.
I love numbers and hate errors. My lender's amortization schedule differs from my calculation. The only thing I can think of — my lender's sheet notes 'compounding semi-annually.' Is that a requirement in Canada?
The high IRD amount strikes me as a surprise. I found the 'discount rate' of my current mortgage... it's shady as hell.
I thought it would be $1,000 everything included lol how naive I am.
47
Mortgage scenarios calculated this month
and counting — no registration required
The Live Engine
TrueClose Interactive Engine
Explore your numbers in real time with privacy guaranteed.
- Real-time B-20 stress test
- Cash-at-closing audit
- Estimated monthly expense
- Simulation options for: New Purchase, Cash-Out refinancing, Mortgage Renewal
- Lump-Sum Payment simulation
- No login required
Free vs BluePrint
Traditional calculators vs TrueClose.
| Feature | Traditional Calculators | TrueClose Free App | BluePrint ($7 CAD) |
|---|---|---|---|
| Mandatory registration / phone capture | Usually | No | Name, email and city for delivery |
| Canadian semi-annual compounding | Often inaccurate | Yes | Yes + documented |
| Default Insurance | Rarely | Yes | Province-by-province breakdown with official source |
| Estimated monthly expense | Almost never | Yes | Itemized closing costs, taxes and fees |
| Prepayment simulation (lump-sum vs recurring) | Limited | Yes | Year-by-year prepayment simulation |
| Renewal switch + refinance scenarios | Partial | Yes | Lender negotiation script included |
| 10+ page downloadable report | No | No | Yes |
The BluePrint Report
You're About to Sign a Six-Figure Contract. This $7 CAD Report Shows You What Your Bank Won't.
One wrong assumption on closing day costs more than this report will ever cost. Most buyers make three.
- See the exact cash you need on closing day — including the provincial taxes your bank never mentions and that can't be financed.
- A prepayment plan built on your income: buyers often save $40,000+ in interest over the life of their mortgage without paying more per month.
- Your B-20 Stress Test decoded: know your real qualifying income and renewal exposure before your lender does.
- Notary-day checklist + lender negotiation script — walk in knowing the questions they hope you won't ask.
- Renewal & refinance scenarios with penalty calculations and switch strategies.
For $7 CAD you choose which report(s) to download: New Homebuyer, Refinancing, Renewal, or any combination. Available in English and French.
How It Works
Four transparent steps.
Simulate freely
Adjust price, province, rate type, and prepayments without logging in.
Audit numbers
Review real monthly payments and cash required at closing.
Upgrade optionally
Unlock the complete defense report only if you need it.
Receive by email
Get your PDF and payment confirmation immediately after checkout.
FAQ
Answers about privacy, accuracy, and value.
The calculator tells you what your numbers are. The BluePrint tells you what to do about them. For $7 CAD you get a personalized, printable report built on your own scenario: the exact cash you need on closing day, your B-20 stress test decoded, a prepayment plan, a provincial tax and fee breakdown, and a lender-negotiation script with the questions your bank hopes you won’t ask. One avoidable mistake on a six-figure mortgage costs far more than this report.
Yes. The full interactive calculator is free and accessible without mandatory registration.
Because TrueClose is an independent analytical tool, not a lead-broker funnel.
Only to deliver your PDF and send your payment receipt. Your scenario is not stored.
Canadian fixed-rate mortgage projections typically use semi-annual compounding, unlike common US monthly assumptions.
We do not keep your scenario in any database of our own. The numbers you enter are sent once, over an encrypted connection, only to generate and email your PDF. For that purpose they are attached to your payment record at Stripe, our payment processor.