Run the numbers

What will it cost a month?

Built on the Canadian rules — 5% down on the first $500,000 and 10% above that, with mortgage default insurance added when you put down less than 20%. It's an estimate to plan around, not a pre-approval.

Purchase price

Down payment

Interest rate (%)

Amortization

Payment frequency

A 30-year amortization is only available to first-time buyers and newly built homes, and adds 0.20% to the insurance premium.

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Estimates only. Interest is compounded semi-annually, as Canadian mortgages are. Insurance premiums follow CMHC's published rates and are added to your mortgage. Your lender's figures are the ones that count, and closing costs — deed transfer tax, legal fees, inspection — run another 1.5–4% of the purchase price on top.

Next step

Let's talk about what you can afford

Tell us where you're at and we'll help you make sense of the numbers — no pressure, no obligation.

Mary-Jane

maryjane@heartandhomens.ca · 902‑830‑4397

Meghan

meghan@heartandhomens.ca · 902‑877‑1244