More rigorous than your bank's estimate — built on month-by-month simulation, not rule-of-thumb formulas. Covers both the US and Canadian markets in full.
It's not just about the monthly payment. Buying builds equity but comes with costs that take years to recoup. This calculator finds the exact month when buying pulls ahead — for your numbers, your city, your timeline.
Your bank will approve you for more than you should spend. This calculator shows what's realistic across three tiers — Conservative, Comfortable, and Maximum — based on your take-home pay, not your gross income.
A lower rate only saves you money if you stay long enough to recover the closing costs. This calculator finds your exact break-even month and tells you whether waiting for rates to drop further is worth it.
In year one, roughly 86% of your payment goes to interest, not equity. This calculator shows your full amortization schedule, the true total cost, and exactly how much extra payments can save — for US and Canadian mortgages.
Context for your decision — know where rates stand before you run the numbers.
Short guides that explain the why behind the numbers — so you actually understand your result.
Lenders approve you for the maximum you qualify for — not the maximum you can comfortably afford. Here's exactly how mortgage pre-approval works, what they look at, and what not to do before closing.
The right answer depends on your timeline, your market, and your discipline — not on a universal rule. We break down the true cost of ownership, opportunity cost, and four real-world personas to show how different situations lead to very different decisions.
CanadaThe stress test means you qualify at a rate 2% higher than what you're actually signing. Here's how it works, what it costs you in purchasing power, and the Canadian-specific programs that can help — FHSA, HBP, and provincial LTT rebates.
No upsells for financial products. No premium tiers. No catch.
Every calculator runs a month-by-month model for up to 30 years — tracking mortgage amortization, property tax growth, rent escalation, equity accumulation, and the investment return on your down payment simultaneously. No back-of-envelope estimates.
No account, no sign-up, no tracking of what you enter. Every calculation runs locally in your browser. We can't see your income, your home price, or your down payment — because we never receive them.
Not a US calculator with a currency toggle. Canada gets the stress test (contract rate + 2%), CMHC premiums by down payment tier, land transfer tax by province, first-time buyer rebates, FHSA and Home Buyers' Plan — all calculated automatically.
Answers to the questions most buyers and renters get wrong.