Try the Affordability Calculator

  • Step 1: Enter the estimated purchase price of your desired property.
  • Step 2: Select your preferred down payment period.
  • Step 3: Enter a monthly mortgage rate.

The result shows you how the size of your down payment and the frequency of your mortgage payments affect your total cost of owning a property, how much cash you need to have available to cover the fees associated with purchasing a property, and what happens if mortgage rates go up. You can also calculate your mortgage breakdown without a down payment by simply using the “Renewal or Refinance” tab.

Complete the picture: Based on your household income, monthly expenses, and any other fees associated with owning a house, the mortgage affordability calculator can show you the maximum property purchase price you currently qualify for.

If you are thinking about buying a home, the mortgage payment calculator is the perfect place to get a sense of your financial options. As an early step in your home buying journey, a payment calculator can help estimate your monthly mortgage payment before you begin your real estate purchase. With our free calculator you can:

  • try a few monthly down payment scenarios,
  • compare the variable and fixed mortgage fees, and 
  • consider the land transfer tax and insurance options. 


Calculate Your Mortgage Payment


As the #1 real estate website in Canada, we offer the most current and comprehensive real estate listings. Whether you are looking for neighbourhood demographics like nearby schools and grocery stores, or mortgage calculators, we’re here to help you prepare for your new home buying journey. 

Before you start your search, understanding your budget is the first and one of the most important steps in buying a home.

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Create a account today and take advantage of all the benefits including notification updates on your favourite properties, remembering what you loved most with property notes, and saving time by remembering your search criteria. 


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©2018 The Canadian Real Estate Association. All rights reserved. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA


Home buying can be a daunting and complex process, which is why you should always have the support of a REALTOR® by your side. A REALTOR® works for you and is there to exclusively look after your best interests. With a thorough knowledge of the local housing market, your REALTOR® can provide advice and help walk you through your real estate journey competently and professionally.


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Payment Calculator

This calculator is for demonstration purposes only. The Canadian Real Estate Association does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.