Use our calculators to help you plan your new home purchase.
Your first step in your home buying process is determining how much you can afford. Your maximum mortgage amount is determined by your household income, personal expenses, current obligations, and any costs associated with the property. Our calculators will estimate the maximum pre-approval amount you can afford.
Our mortgage payment calculator allows you to enter the purchase price, down payment amount, amortization period, and mortgage rate to determine your monthly payment. It will also help you estimate how much extra cash you will need for your closing costs, monthly expenses, how your mortgage payment will change if rates go up, and your amortization schedule.
In most provinces Land transfer tax (LTT) is calculated as a percentage of the property value, using the asking price as a close estimate. All provinces charge a land transfer tax, except Alberta and Saskatchewan, which have a much smaller transfer fee. Homebuyers in Toronto, also incur an additional municipal tax. Use our calculator to determine the cost of your Land Transfer Tax in your area.