Home Purchase Calculator — Down Payment & Costs

Calculate all the costs associated with purchasing a home, including mortgage payments, closing costs, and ongoing housing expenses.

Down payments less than 20% require mortgage default insurance.

CMHC insurance is added to your mortgage principal

A 20% down payment eliminates CMHC insurance requirements

Bi-weekly payments can reduce total interest by thousands

First-time buyers may qualify for land transfer tax rebates

Budget 1.5-4% of purchase price for closing costs