Tools
Which home actually costs less to own?
Two homes at different prices can carry very differently once tax, fees and insurance are added in. Enter what you know about each one to see a side-by-side estimate.
Fill in as much as you know for each home — figures like your down payment, an estimated mortgage payment, and the property's tax and fees. The tool totals what you enter into two numbers: the estimated cash you'd need upfront, and the estimated cost to carry the home each month.
Important
This tool only adds together the numbers you enter — it does not calculate mortgage payments, mortgage qualification, stress-test qualification, CMHC/default-insurance premiums, land transfer tax, legal fees, title insurance, inspection costs or rebates. For an estimated mortgage payment, check with your lender or mortgage professional; for land transfer tax and closing costs specific to your purchase, a real estate lawyer can confirm exact figures. Every result below is an estimate based on the figures entered, not a quote, an approval, or a guarantee.
Enter figures for at least one home above to see estimated upfront cash and monthly carrying cost.
Want to talk through what these numbers mean for a specific home?
This tool is a starting point for comparing options — Jessie can help you dig into a specific property or neighbourhood.