Canadian Homeownership Cost Calculator
Estimate your total monthly housing expenses in Canada.
Your Estimated Homeownership Costs
Property Details
Minimum down payment: 5% for first $500k, 10% for portion over $500k up to $1.5M, 20% for $1.5M+.
Canadian fixed-rate mortgages compound semi-annually.
Max 25 years for insured mortgages. Max 30 years if down payment is 20% or more, or for eligible first-time buyers/new construction.
The term is the length of your mortgage contract, typically 1-10 years, after which you renew. The amortization period is the total time to pay off the loan.
Additional Monthly Costs
Budget ~1% of purchase price annually for maintenance.
Only applicable for condos/strata properties. Covers shared areas & amenities.
Calculation Results
Purchase Price:
$0.00
Down Payment Amount:
$0.00
Mortgage Principal:
$0.00
Mortgage Default Insurance Premium:
$0.00
Total Loan Amount (with insurance):
$0.00
Estimated Mortgage Payment:
$0.00
Estimated Land Transfer Tax (Ontario):
$0.00
Monthly Property Tax:
$0.00
Monthly Home Maintenance:
$0.00
Monthly Condo/Strata Fee:
$0.00
Monthly Home Insurance:
$0.00
Monthly Utilities:
$0.00
Monthly Telecom:
$0.00
Total Estimated Monthly Cost:
$0.00
Amortization Schedule Overview
See how your principal and interest payments change over time.