Mortgage planning
Estimate payments using province-average rates, then sanity check affordability.
1) Define price, down payment, and term
2) Adjust rate and add-on costs
3) Validate payment vs income
Mortgage Planner
Based on Ontario averages - edit anytime.
5.37% APR
Loan amount
$540,000
Monthly equivalent
$3,274
All-in monthly
$3,274
Quick scenarios
1) Home price and down payment
$
$60,000 (10.0%)
25 years
2) Rate and term assumptions
3) Monthly ownership add-ons
$/mo
$/yr
$/mo
Rent Affordability
Quick ranges based on your net monthly income.
Enter your net monthly income to see suggested rent ranges.
Tip: Keep total housing costs under 35% of net income for a safer buffer.
How the mortgage planner works
We estimate payments using province-average rates and your down payment, amortization, and fees.
Pair it with the budget context to sanity check affordability before shopping lenders.
Are rates live?
No. The planner starts with regional averages so you can model scenarios quickly.
Does this include property tax and condo fees?
Yes, you can add both to see a fuller monthly housing cost.
Is this financial advice?
No, it is a planning estimate. Confirm numbers with a lender or broker.
Calculation transparency
Data, sources, and assumptions
Results combine Canadian tax rules, city cost baselines, and market assumptions versioned with the site code.
Data synced
May 22, 2026
Federal/provincial tax
City cost baselines
Market rates and assumptions
Estimates do not replace tax, financial, or legal advice.
Sources and methodologystatcan_rent_34100133: ok 2025; statcan_gasoline_18100001: ok 2026-04; boc_valet_mortgage_5yr: ok 2026-05-20; tax_fallback_2026: ok 2026-01-03
My scenarios
Save this setup in your browser so you can return later or compare alternatives.
No saved scenarios yet.