MY SMAC JOURNEY

Plan My Home Purchase

Explore my estimated mortgage payments, down payment, closing costs, and total home purchase budget—all in one place.

A little planning today can bring me closer to my future home!

SMAC • SIMPLE MONEY ADVICE FOR CANADIANS

My Home Purchase Mortgage Calculator

Explore your numbers. Plan your next move with confidence.

1. My Home Purchase Details

Planning estimate, not an exact land transfer tax calculation.
First-time buyers and buyers of eligible newly built homes may qualify for 30-year insured amortization.
2. My Estimated Mortgage Payment
—
Principal and interest

3. Mortgage & Upfront Costs

Default insurance premiums are estimates based on standard CMHC owner-occupied, traditional down-payment rates. Approval and premiums depend on insurer and lender eligibility. The closing-cost budget is adjustable and may not cover all transaction-specific expenses. Builder deposits are treated as part of the down payment, not an additional down payment. Cash still needed at closing assumes all remaining down payment and estimated closing costs are due at closing; your contract may require additional deposits earlier.

4. My Monthly Housing Budget (Optional)

Monthly housing budget is for planning only. It is not a lender's debt-service or affordability assessment.

5. Mortgage Breakdown & Amortization

View annual amortization schedule
YearPrincipal paidInterest paidBalance

Projected interest assumes the entered fixed rate remains unchanged for the entire amortization, including renewals. Actual lender schedules, compounding conventions and rounding may differ. Accelerated payments may shorten payoff time.

My Numbers Are a Great Starting Point!

Want a second opinion on mortgage options that may fit your plans? I'd be happy to help you explore your next steps.

Educational estimates only. Not a mortgage approval, rate commitment, eligibility decision, or financial advice. This calculator assumes an owner-occupied home with 1–2 units and a traditional down payment; special property, income, credit, tax and insurance situations may require a different calculation. Figures are in Canadian dollars.

My SMAC Journey Continues!

I've explored my numbers, and I'm one step closer to understanding my homeownership possibilities!

Now, let's explore mortgage options that may fit my goals, budget, and unique situation—with personalized guidance and a complimentary second opinion.

MY SMAC

Money Toolkit

Simple tools to help me organize my money, understand my options, and take my next step - one step at a time.

My Budget Planner

I want a simple way to see where my money is going and plan ahead.

My Mortgage Document Checklist

I want to know what documents I may need before applying for a mortgage.

My Debt Repayment & Savings Calculator

Compare my credit card payments with debt consolidation options, explore potential interest savings, and discover ways to free up my monthly cash flow.

My Mortgage Calculator

How much home can I afford? Explore my estimated mortgage payments, down payment, closing costs, and overall home purchase budget—all in one place.

My Budget Planner

I want a simple way to see where my money is going and plan ahead.

My Mortgage Document Checklist

I want to know what documents I may need before applying for a mortgage.

My Debt Repayment & Savings Calculator

Compare my credit card payments with debt consolidation options, explore potential interest savings, and discover ways to free up my monthly cash flow.

My Mortgage Calculator

How much home can I afford? Explore my estimated mortgage payments, down payment, closing costs, and overall home purchase budget—all in one place.

My Budget Planner

I want a simple way to see where my money is going and plan ahead.

My Mortgage Document Checklist

I want to know what documents I may need before applying for a mortgage.

My Debt Repayment & Savings Calculator

Compare my credit card payments with debt consolidation options, explore potential interest savings, and discover ways to free up my monthly cash flow.

My Mortgage Calculator

How much home can I afford? Explore my estimated mortgage payments, down payment, closing costs, and overall home purchase budget—all in one place.

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This website, including SMAC assessments, tools, calculators, guides, and other resources, is provided for educational and informational purposes only and does not constitute financial, insurance, mortgage, legal, or tax advice. Assessment and tool results are based on the information provided and are intended to offer general educational insights only. They are not a complete financial, insurance, or mortgage needs analysis, do not guarantee eligibility, approval, coverage, rates, or outcomes, and are not a substitute for personalized professional advice. Insurance and mortgage services are provided only in provinces where I hold the required licences. Insurance products, coverage, and recommendations are subject to individual circumstances, policy terms, underwriting requirements, and insurer approval. Mortgage products and approvals are subject to individual circumstances, lender requirements, qualification criteria, and lender approval.