Are mortgage rates live?

No. The planner starts from province-level baseline rates for scenario planning.

Does the planner include taxes and fees?

Yes. You can include property tax, condo fees, and insurance for a more complete monthly estimate.

Is this financial advice?

No. This is a planning tool and should be validated with a licensed mortgage professional.

Mortgage Planner Canada

Estimate mortgage payments using down payment, amortization, province rates, and ownership costs to validate 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

Home price

Down payment

$60,000 (10.0%)

Amortization (years)

25 years

2) Rate and term assumptions

Interest rate (APR %)

Payment frequency

3) Monthly ownership add-ons

Condo fee (monthly)

$/mo

Property tax (annual)

$/yr

Home insurance (monthly)

$/mo

Rent Affordability

Quick ranges based on your net monthly income.

Add 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.

Income Context

Run income first ->

Use this result in other calculators

When enabled, we share city, net monthly income, and discretionary amount with Mortgage, Auto, Savings, and Budget.

Mortgage planning

Mortgage planner Canada for payments and affordability

Estimate monthly mortgage payments from home price, down payment, amortization, and province-average rates. Add condo fees, property tax, and insurance to see a full housing cost picture before shopping lenders.

Popular planning scenarios

Monthly payment for a first home in a Canadian city
Down payment size versus amortization trade-off
Condo versus detached housing cost comparison
GDS ratio check before applying to a lender

Methodology note

Payment estimates use the entered home price, down payment, amortization period, payment frequency, and interest rate assumption. They do not include CMHC insurance premiums, land transfer tax, legal fees, or investment return comparisons. Confirm numbers with a lender or mortgage broker.

Related Canadian planning tools

Canada income calculatorStart with take-home pay before sizing a mortgage.Budget plannerCheck the mortgage payment against monthly expenses and savings.Mortgage affordability in TorontoCity-specific affordability context for buyers.Savings goal calculatorPlan a down payment timeline before shopping for a home.

Quick answers

Are the rates live?: No. The planner starts with province-average estimates so you can model scenarios quickly. Enter a custom rate to reflect a lender quote.
Does this include CMHC insurance?: Not automatically. CMHC premiums apply when your down payment is under 20% — add them manually to the total if needed.

Calculation transparency

Data, sources, and assumptions

Results combine Canadian tax rules, city cost baselines, and market assumptions versioned with the site code.

Pipeline last run

Jul 10, 2026

Tax rules

2026 tables · checked Jan 03, 2026

City costs

Rent period varies by city · fuel 2026-05

Market rates

Mortgage benchmark checked Jul 08, 2026

Estimates do not replace tax, financial, or legal advice.

Sources and methodology

My scenarios

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