FINANCIAL TOOLS / PLAN THE PURCHASE

Home-Buying Budget Planner

What would this home mean for your cash and your month?

Start with a price and down payment. Add details when you know them. All amounts are CAD; blank means unknown.

Your entries stay in this page and are not saved. Leaving or reloading clears them. Renting or choosing not to buy can also fit your household’s plans.

Home and down payment

Home price ($)

Chosen down payment ($)

These are your chosen amounts, not a maximum-price recommendation.

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Financing details & assumptions

This estimate supports one owner-occupied resale dwelling, freehold or conventional condo, Canadian citizen/permanent-resident salaried household, traditional down payment, no rental income, carried-property mortgage, portability, top-up, bridge or construction financing. Outside this scope does not mean you cannot obtain financing.

Property type

Province or territory

Does your scenario fit every scope condition described above?

Use the purchase price as the lending value?

Selected financing scenario (confirm with your lender)

Entered fixed annual rate (%)

Amortization (whole months, 1–360)

Monthly fixed-rate principal and interest only. No available rate, future renewal rate or contractual term is assumed. Maximum 360 months is this tool’s envelope, not a universal legal limit.

If a default-insurance premium applies, how is it paid?

Confirm any cash premium and premium tax are still unpaid

Already-paid premium/tax is outside this first version. Default insurance protects the lender; it is not home or mortgage life insurance.

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Cash still needed & retained reserve

Deposit already paid ($)

Enter the deposit paid already, including explicit 0. It reduces the remaining down payment once.

Cash available now, AFTER deposit and paid costs ($)

Cash you choose to retain after closing ($)

Your chosen reserve is separate from money paid to close. Paid deposits and costs are already absent from “cash available now”. Do not deduct them again.

Closing-cost checklist

Obtain local quotes or enter your estimates. Province alone supplies no transfer tax, rebate or complete closing bill. Each category needs an amount and amount already paid, including 0. “Not applicable” explicitly records both as 0. Do not include down payment, default premium or premium tax here.

Transfer and registration taxes

Amount basis

Transfer and registration taxes — total ($)

Transfer and registration taxes — already paid ($)

Legal and title costs

Amount basis

Legal and title costs — total ($)

Legal and title costs — already paid ($)

Inspection

Amount basis

Inspection — total ($)

Inspection — already paid ($)

Appraisal

Amount basis

Appraisal — total ($)

Appraisal — already paid ($)

Property tax and utility adjustments

Amount basis

Property tax and utility adjustments — total ($)

Property tax and utility adjustments — already paid ($)

Moving

Amount basis

Moving — total ($)

Moving — already paid ($)

Other closing costs

Amount basis

Other closing costs — total ($)

Other closing costs — already paid ($)

Default-insurance premium tax

Cash only, even if the premium is financed. A confirmed quote replaces an estimate. Québec estimates use the premium’s actual/expected payment date: 9% through December 31, 2026; 9.975% afterwards. Saskatchewan’s supported estimate is 6%. Ontario and other jurisdictions require a confirmed quote, including explicit 0; an automatic amount is unavailable here. Ask about exemptions or location uncertainty.

Premium-tax quote ($)

Is this the premium-tax amount confirmed by your lender or closing professional?

For an estimate: confirm ordinary taxable SK/QC premium with no exemption or location uncertainty

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Monthly household picture

Use take-home income here. Enter monthly amounts, including 0 where appropriate. Full condo fees belong in your actual cash budget. Include annual or irregular costs as your own monthly allowance; do not add them twice.

Household take-home income per month ($)

Property tax per month ($)

Home insurance per month ($)

Heat per month ($)

Other utilities, excluding heat, per month ($)

Full condo fee per month ($; enter 0 if none)

Monthly maintenance allowance ($)

Non-housing spending per month ($)

Actual debt cash payments per month ($)

Does non-housing spending exclude your current rent and all proposed housing costs above?

Does non-housing spending exclude the separate debt cash payments above?

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Optional lender-reference ratios

These are separate from your household budget. CMHC’s 39% GDS / 44% TDS benchmarks are references, not approval, suitability or universal lender rules. A positive monthly remainder is not a borrowing verdict.

Calculate the optional lender reference?

Gross household income per year, BEFORE deductions ($)

Confirm this reference uses salaried gross household income within the stated scope

Reference housing uses the qualifying-rate payment, tax, heat and half the condo fee. It excludes home insurance, other utilities and maintenance. Actual budgeting above still uses all those costs and the full condo fee.

Enter each debt separately. Instalment uses the required monthly payment. Unsecured credit uses the greater of the entered payment and 3% of balance, rounded upward to cents: a conservative model policy. Secured credit requires a confirmed lender-reference quote; this tool cannot validate its minimum. Unknown/other debts leave TDS unavailable; GDS may still be shown.

Does this list include all reference debts (or explicitly none)?

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Ready when you are

YOUR RESULT

A clear answer starts here.

Enter a home price and down payment, then add the details you know. Unknown costs will stay visibly unknown.

Understand the estimate

This planner separates purchase cash, your real monthly household budget, and optional lender reference. A completed checklist is an estimate of entered items, not a lawyer’s final statement of adjustments.

Calculation method & limits

Fixed nominal annual rate compounded semi-annually, monthly equal periods in arrears. The monthly annuity payment is rounded half-up to cents. The underlying FIN2 1.2.0 model checks principal progress and rounds period interest to cents; lender dates and rounding can differ. No contractual term or lifetime interest forecast is displayed.

Base loan is price minus down payment. A selected supported premium is applied once to base loan; financed premium increases principal, cash premium increases purchase cash. Premium tax is never financed. A deposit and already-paid cost reduce their unpaid line once. Retained reserve is not a closing cost.

Reference payment uses the higher of the entered rate plus two percentage points or 5.25%. OSFI’s uninsured rule concerns federally regulated lenders; CMHC ratio guidance has its own scope. GDS uses qualifying P&I, tax, heat and 50% condo; TDS adds reference debt. Ratios are compared before display rounding. These calculations omit credit/property underwriting and do not establish financing eligibility.

No new-build tax/rebate calculation, transfer-tax engine, variable rate, maximum-price solver, rental/self-employment qualification, bank connection or automatic data sharing is included.

Sources & policy dates

Rules checked September 22, 2026; independent financial review is pending. A check date is not an effective date. Confirm programme and tax treatment with your lender/closing professional.

Ontario primary guidance retrieval was unavailable during this review; use a confirmed quote. Québec date unknown or tax applicability uncertain also requires a quote. A zero-premium loan cannot carry a nonzero premium-tax quote without reconciliation.

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