Run the numbers

Can I afford this?

Canadian fixed-rate math, semi-annual compounding, CMHC insurance, and the 32% GDS income requirement — all in one place.

Can I afford this?

Canadian fixed-rate · semi-annual compounding

Home Price

Down Payment (20% · $170,000)

Interest Rate %

Amortization

Property Tax / yr

Heating / mo

Condo Fees / mo

$5,046per month, all-in

Mortgage payment: $4,147
Property tax (monthly): $779
Heating: $120
CMHC insurance: n/a
Required income (32% GDS): $189,225/yr
Loan-to-value: 80%

Estimates only. Canadian fixed-rate mortgages compound semi-annually but pay monthly. CMHC insurance applies when down payment is under 20%. Talk to a broker for your actual qualifying rate.