Disclaimer

We are not a lender, broker, or adviser

ClearRate is an independent publisher of free mortgage and affordability calculators. We do not originate, broker, service, or fund mortgages. We are not a bank, credit union, mortgage broker, or licensed financial adviser in any jurisdiction, and we are not regulated as one. Nothing on this site is a loan offer, a pre-approval, a commitment to lend, or a solicitation for any specific credit product.

Nothing here is personalised advice

Our calculators apply general, publicly documented formulas to the numbers you type in. They know nothing about your credit history, employment, existing debts, tax position, citizenship or residency status, or the specific property you're looking at — all of which materially change what a lender will actually offer you. Treat the output as a general illustration, not a recommendation about what you can afford or should borrow.

Before making a borrowing decision, speak to a licensed mortgage professional, and where relevant a qualified tax or legal adviser, in your own jurisdiction.

Estimates are estimates

The default rate shown for each country is a published national average, not a quote — your rate will depend on your lender, credit profile, deposit, and product. Default property-tax figures are state-level effective averages; your local rate is set by your county, municipality, or district and can differ substantially. We exclude home insurance, HOA and strata charges, Australian LMI, and closing costs from defaults entirely, because a made-up figure would be worse than no figure.

Our full sourcing, formulas, and limitations are documented on the methodology page. We'd rather you check our work than trust it.

Data may be out of date

Mortgage rates move constantly. Our figures carry a "last updated" date and we refresh them on a best-effort basis — US and Canadian rates automatically from public data feeds, UK and Australian rates manually. There will be periods where a published figure lags the market. Always verify the current rate with a lender before relying on it.

No warranty

This site and everything on it is provided "as is", without warranties of any kind, express or implied, including as to accuracy, completeness, fitness for a particular purpose, or uninterrupted availability. To the fullest extent permitted by law, we accept no liability for any loss or damage arising from reliance on the calculators, the guides, or any other content here. Your use of the site is at your own risk.

Advertising

This site is free to use and supported by display advertising. Advertisements are served by third-party networks and are not endorsements — an ad for a lender or financial product does not mean we recommend it, and we have no relationship with the advertiser beyond the ad network. We do not accept payment to alter our calculators, guides, or the data behind them. See our editorial policy.

External links

We link to external sources — central banks, statistical agencies, and reference material — so you can verify our figures. We don't control those sites and aren't responsible for their content or availability.

Questions

If something here is unclear, or you think a figure is wrong, please get in touch. See also our terms of use and privacy policy.