Buyer Tools

Real Estate Calculators

Plan your purchase with confidence

Income

Annual Household Income ($)

Employment Type

Add co-borrower income

Annual Rental Income ($)

50% of annual rental income counts toward qualifying

Down Payment

Down Payment ($)

First-time home buyer (eligible for 30-yr amort on new builds)

New build / pre-construction

Monthly Debts

Car Payment ($/mo)

Credit Card Min ($/mo)

Student Loan ($/mo)

Other Debts ($/mo)

Existing Mortgage ($/mo)

Housing Costs

Property Tax ($/mo)

Heating ($/mo)

Condo Fees ($/mo)

Mortgage Terms

Interest Rate (%)

Mortgage Term

Amortization

Maximum Home Price

Max Mortgage

Min Down Payment Required

Stress Test Rate

CMHC Premium

Monthly Payment Breakdown

Principal & Interest

Property Tax

Heating

Condo Fees

CMHC (monthly)

Total Monthly

Debt Ratios

GDS Ratio--

Max 39%

TDS Ratio--

Max 44%

GDS measures housing costs vs. income (max 39%). TDS includes all monthly debts (max 44%).

Total Interest Paid

Over 25 Years

Over 30 Years

Mortgage Calculator

Estimate Your Monthly Payment

Home Price

Down Payment %

= $160,000

Amortization

Interest Rate %

Est. monthly payment · Canadian semi-annual compounding

$160,000

Down Payment

Month 1 Interest

Total Interest Paid

Principal 0%Interest 0%

Property Details

Purchase Price ($)

Property Type

Location

First-time buyer (eligible for LTT rebates)

Professional Fees

Legal Fees $1,800

Title Insurance $350

Home Inspection $600

Property Appraisal $500

Adjustments

Property Tax Adjustment ($)

Utility Adjustment ($)

Optional Items

Condo Status Certificate ($200)

Property Survey ($1,000)

Moving Costs ($2,500)

Home Insurance ($1,200)

Total Closing Costs

Land Transfer Tax

Ontario LTT

Professional Fees

Legal Fees

Title Insurance

Home Inspection

Property Appraisal

Subtotal

Optional Items

Cash Summary

Closing Costs