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Mortgage & home
Plan a purchase, renewal or rent-versus-buy decision.
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What do you want to calculate?
How much home could I afford?
Open calculator →Mortgage PaymentWhat will this mortgage cost monthly?
Open calculator →Canada Mortgage and Housing Corporation (CMHC) InsuranceHow much will mortgage insurance add?
Open calculator →Mortgage Stress TestWould I pass the mortgage stress test?
Open calculator →Home Closing CostsHow much cash will I need at closing?
Open calculator →Mortgage RenewalWhat could my renewal payment be?
Open calculator →Is my down payment enough?
Open calculator →Land Transfer / Welcome TaxWhat transfer tax should I plan for?
Open calculator →Income Required for a HomeWhat income could this home require?
Open calculator →Rent vs BuyCould renting or buying leave me ahead?
Open calculator →Home Equity Line of CreditHow much home equity could I access?
Open calculator →Mortgage Refinance Break-EvenWhen could refinancing pay for itself?
Open calculator →First Home Savings Account + Home Buyers’ PlanHow much could I combine for a first-home down payment?
Open calculator →Mortgage Early PayoffHow much could extra payments save me?
Open calculator →Rent IncreaseWhat would a proposed rent increase mean monthly?
Open calculator →Fixed vs Variable MortgageWhich mortgage-rate scenario could cost less?
Open calculator →Key terms
Understand mortgage & home
What is the difference between a mortgage term and amortization?+
The amortization is the full period planned to repay the mortgage, often 25 years. The term is the shorter agreement with one lender and rate, often five years, after which the mortgage is renewed.
What do Gross Debt Service (GDS) and Total Debt Service (TDS) mean?+
Gross Debt Service compares housing costs with gross household income. Total Debt Service adds required debt payments such as car loans and credit cards. Lenders use both ratios when reviewing affordability.
What is mortgage default insurance?+
It generally applies when the down payment is below 20%. The premium protects the lender, not the borrower, and is usually added to the mortgage balance.
What is the mortgage stress test?+
A federally regulated lender tests whether the borrower could carry the mortgage at a qualifying rate higher than the contract rate. Passing a calculator estimate is not a mortgage approval.