Free Tool
Purchase Price Calculator — what a home costs you
Enter a home price and see the monthly payment, mortgage amount, and income required to qualify across three financing options.
By Home Price
How much you'd payHome Price
$200,000$2,000,000
Minimum Down
Insured · 25-Year
Home Price$750,000
Down (6.7%)$50,000
CMHC Premium$28,000
Mortgage$728,000
Amortization25 yrs
GDS / TDS37% / 42%
Rate %
Monthly Payment$3,839/mo
Min. Income$174,075/yr
20% Down
Uninsured · 30-Year
Home Price$750,000
Down (20.0%)$150,000
Mortgage$600,000
Amortization30 yrs
GDS / TDS39% / 44%
Rate %
Monthly Payment$2,966/mo
Min. Income$135,113/yr
35-Year
20% Down · Lowest Payment
Home Price$750,000
Down (20.0%)$150,000
Mortgage$600,000
Amortization35 yrs
GDS / TDS50% / 50%
Rate %
Monthly Payment$2,971/mo
Min. Income$106,835/yr
Rates, down payments and ratios shown are examples you can edit. Stress-tested at your rate + 2% (floor 5.25%). Property tax (~0.85%/yr) and $150/mo heat are included in the qualifying calculation.
Not sure which option fits?
A licensed broker can compare these scenarios against real lender rates — free, no obligation.