Canada Mortgage Calculator

How much home can you afford?

Use this calculator to determine the maximum home price you can afford. The Canada Mortgage Calculator will also provide you with tips on what you can do to qualify for a mortgage and how you can pay off your mortgage sooner.

Note: This calculator is specially designed for Canadian mortgages. Mortgage interest in Canada is calculated twice per year as opposed to once per month in the U.S..

For current mortgage rates, news, and home-buying tips, please visit the Tools and Resources page.

Affordability Calculator
Annual income $ 0.00 purchase price
Cash on hand
Is this a new home?    
GST $ 0.00
Home inspection fee
Legal fees
Other closing costs
Total closing costs $ 0.00 - $ 0.00 down payment
+ $ 0.00 CMHC Premium (0%)
$ 0.00 mortgage amount
Interest rate
Payment frequency   $ 0.00 payment monthly
Monthly heat $ 0.00 average monthly payment
(including expenses
& property tax)
Condo fees
Debt repayments
Total monthly expenses $ 0.00
Property tax (yearly)
After Amortization :
$ 0.00 interest paid
$ 0.00 interest saved by accelerating payments
Home appreciation $ 0.00 value of home
Inflation $ 0.00 value of home in today's dollars

Amortization Table
  Principal Interest Balance Equity
$ 0.00 $ 0.00

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Disclaimer: This calculator is provided for general information purposes only. The accuracy of this calculator and its applicability to your circumstances cannot be guaranteed.