How much home can you afford?
Enter your situation to see an estimated budget, followed by the minimum cash required to make your project happen.
Leave blank if you do not have a co-buyer.
The budget is based on your income and debts. The applicable minimum down payment is shown after the result.
Personal loans, support payments…
Leave blank if none.
3% of the balance is included as a monthly payment; leave blank if none.
Bank of Canada policy rate: 2.25% (September 2, 2026).
A mortgage rate is generally distinct from and often higher than the policy rate because the lender accounts for its funding cost, risk, operating costs and margin. The policy rate mainly influences variable rates; fixed rates also reflect the bond market, term and loan type.
A 30-year amortization is not available in every case. With less than 20% down, it may be available to first-time buyers or for certain new builds under applicable rules; otherwise 25 years may apply. With 20% or more down, eligibility depends on the lender.
Estimate — taxes vary by municipality and property.
Estimate — depends in part on size, property type and heating method.
Estimate — the actual cost depends on the property, coverage and insurer.
Your estimated purchase budget
435 638 $
Based on the information provided, you could consider a property around 435 638 $.
Estimated mortgage payment
2 022 $ / month
Estimated monthly property cost
2 499 $ / month
- Estimated mortgage payment
- 2 022 $
- Property taxes
- 292 $
- Heating
- 100 $
- Home insurance
- 85 $
- Total
- 2 499 $ / month
Next step
Now that you know your budget, see where it could take you.
See where I can buy with 435 638 $This estimate is informative only and does not constitute mortgage approval.
Minimum cash to set aside
28 317 $
This is an estimate of the minimum down payment and selected acquisition costs. The down payment is part of the displayed price; it is not added to it.
View calculation details
- Estimated property price
- 435 638 $
- Down payment used
- 21 782 $
- Base loan (price less down payment)
- 413 856 $
- Mortgage insurance added to loan
- 16 554 $
- Approximate mortgage
- 430 410 $
- Estimated up-front costs
- 6 535 $
The budget is determined from income, debts, property taxes, heating, the qualifying rate and amortization. Indicative ratios: GDS 32.2% / 39%; TDS 32.2% / 44%; qualifying rate 5.90%.
Limiting factor: ABD ratio
Estimated acquisition costs include land transfer tax, notary fees, inspection and adjustments. They are one-time costs, not annual expenses.
How this budget is calculated
Your estimate accounts for income, debts, qualifying housing costs and the stress test. The property-cost estimate also shows full condo fees and home insurance for planning, which are not added a second time to the qualifying ratios.
Continue your planning: calculate your exact payments, explore where you can buy with your budget or start your guided search.
Estimate for information purposes only — this is not a pre-approval. Each lender applies its own criteria.