Tools
Mortgage calculator
What a listing price actually costs, month to month, using Canadian semi-annual compounding.
Estimated monthly payment
$3,099
per month, principal and interest
- Down payment
- $140,000 (20%)
- Mortgage amount
- $560,000
- Amortization
- 25 years
Estimate only, using Canadian semi-annual compounding. Excludes property tax, utilities, condo fees, and home insurance. Down payments under 20% require mortgage default insurance, which is not included here. Always confirm your numbers with a mortgage broker or lender before making decisions.
Worth knowing
A calculator gives you the shape of a payment; a lender gives you the real number. Before you fall for a house, get pre-approved so you're shopping with certainty, and so your offer carries weight when it matters.
Budgeting for closing day too? Ontario charges land transfer tax on every purchase, and it's often the biggest closing cost buyers forget.
Want a second pair of eyes on the numbers for a specific home? Ask me. I'll tell you what comparable homes are actually selling for.
Keep planning