Cost to own calculator
What does a home really cost per month? Adjust the numbers; the table updates instantly across four down payment levels. Canadian compounding, CMHC included automatically.
| 5% down | 10% down | 15% down | 20% down | |
|---|---|---|---|---|
| Down payment | ||||
| CMHC premium (financed) | ||||
| Monthly mortgage | ||||
| Other monthly costs | ||||
| Total per month |
Other monthly costs = property tax, condo or maintenance fees, insurance and utilities. Minimum down payment in Canada: 5% of the first $500,000 plus 10% of the balance; homes of $1,500,000 or more require 20% and cannot be CMHC insured. Estimates only, not financial advice.