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MORTGAGE CALCULATOR

Your numbers, in plain words.

Buying a home comes with a lot of numbers. This puts them in one place: what a home would cost each month, the cash you'd need, and what you could afford.

  • About 2 minutes
  • Nothing to sign up for
  • Private until you share it with Felix
  1. 1About you
  2. 2The home
  3. 3Your numbers

For estimates only. Not mortgage or financial advice: Felix is a REALTOR®, not a licensed mortgage broker.

1

About you

It changes taxes, insurance and how long you can take to pay.

2

The home

Slide, or tap a number to type it.

Price$
Down payment$6.7%
Minimum for this price: $50,000 (5% of the first $500,000, 10% above).
Interest ratea mortgage broker can get you today's rate%
30 years is open to first-time buyers, a newly built home, or 20% down.
Monthly costsstrata, tax, insurance
Strata feecondos and townhouses$/mo
Property taxan estimate for this price$/yr
Insurance, heat & hydroestimate$/mo
Home sizefor the inspection costsq ft
3

Your numbers

Each month, the cash you need, and what you can afford.

AEach month
Every month, about$4,464 /month

Rule of thumb: every $100,000 you borrow is about $492 a month at 4.29% over 30 years.

BCash to close
Total cash needed, about$57,050

Lenders like to see about 1.5% ($11,250) set aside for closing.

CWhat you can afford
Household incomebefore tax$/yr
Monthly debtscar, cards, loans$/mo
Saved for a down payment$
You may qualify for about$721,000
Your First Steps Guide4 pages · free from Felix
  1. Get readyp. 2
  2. Do the math in your headp. 2
  3. How lenders check youp. 3
  4. Closing costs, explainedp. 3
  5. New to Canada?p. 4
  6. First-time buyer?p. 4

Estimates only. Rules as of October 2026.

Each month, about$4,464