Home Affordability & Savings Calculator
Assumptions: This calculator assumes a conventional mortgage in Canada. If the down payment is less than 20%, mortgage default insurance is typically required, which will increase your monthly costs. Interest rates, property taxes, and insurance costs may vary across provinces and lenders.
Important Disclaimer: This calculator provides estimates for educational purposes only. Actual mortgage rates, loan terms, closing costs, and approval requirements vary by lender and individual circumstances. Property taxes, insurance costs, and mortgage insurance rates are estimates. Consult with qualified mortgage professionals and financial advisors for personalized guidance before making homebuying decisions. While we aim to ensure accuracy and relevance, Wealthy YOU makes no guarantees about the completeness, timeliness, or suitability of any content. Always verify critical information before making financial decisions.