What goes into the calculation?
Estimated fee = (advance amount / 1,000) x days + 120. The calculator does not approve the requested advance or determine the final contract terms.
- Advance amount: the amount of commission you would like to access early, expressed in CAD.
- Number of days: the expected period from the advance to repayment. Use a whole number of days.
- Variable fee: the advance amount divided by 1,000, multiplied by the number of days.
- Base fee: CAD 120 is added to the variable fee in the current calculator.
What does that look like in dollars?
For a $5,000 advance over 45 days, the variable fee is $225. Adding the $120 base fee gives an estimated fee of $345. These examples show the calculator's formula, not offers of funding.
| Advance / days | Calculation | Estimated fee |
|---|---|---|
| $5,000 / 30 days | (5,000 / 1,000) x 30 + 120 | $270.00 |
| $5,000 / 45 days | (5,000 / 1,000) x 45 + 120 | $345.00 |
| $10,000 / 60 days | (10,000 / 1,000) x 60 + 120 | $720.00 |
What happens when the amount or time changes?
A larger amount or longer period increases the estimate. For example, changing a $5,000 estimate from 30 to 45 days adds $75 to the calculated fee.
If an actual closing date changes, ask the team how the signed agreement applies. Do not use this planning formula to assume an extension charge, late-payment charge or revised contractual repayment amount.
What does the calculator not confirm?
The iCommission team reviews the transaction, commission information, supporting documents and brokerage confirmation before confirming a quote. Review the written quote and agreement for the final fee and all amounts payable.
- Whether the transaction or requested amount is eligible.
- A funding date or automatic approval.
- The final amount received, total repayment or applicable contractual adjustments.
- Any change to the signed agreement if closing is delayed.
Common questions
Is the calculator result the fee or the money advanced?
It is the estimated fee. For a $5,000 advance over 45 days, the formula gives an estimated fee of $345. The advance amount and any contractual repayment figures are separate.
Is the website estimate a binding quote?
No. It is a planning estimate, not an approval, offer or contract. iCommission confirms final eligibility, pricing, terms and funding after review.
Can I use the calculator if I am not ready to apply?
Yes. The public Advance Calculator does not require an application. You can explore amounts and periods before deciding to contact the team or start an application.
This guide explains the iCommission process. Eligibility, pricing, contract terms and funding timing are confirmed by the team for each application.