Home Buying Budget Calculator
The purchase price is not the amount you need. This tool adds the down payment, closing costs and moving, then compares the total against the savings you actually have.
Home & Mortgage · Real Estate & Home Buying →
Your numbers
Enable JavaScript for the live calculation. The assumptions and the method remain readable below.
What this number means: The total is the cash you need in hand before closing, reserve included. The balance shows whether your savings cover it — a negative balance is a shortfall to close, not something you can borrow.
What the calculation assumes
- The minimum down payment varies with the purchase price; no rule is applied here.
- Mortgage loan insurance is not included and may be added to the financed amount.
- Closing costs are the figure you enter — use the dedicated calculator to break them down.
- The emergency reserve is your choice, not a standard.
Next step
Professionals in Montreal
MTLPages directory categories related to this step. MTLPages is a directory: we do not provide the service.
Frequently asked questions
Why include an emergency reserve?
Because savings emptied at closing leave a household with no margin the following month. The reserve is not a lender requirement; it protects the buyer.
My balance is negative. Is that a blocker?
It is the gap between what you have and what the transaction requires. The usual options are a lower price, more time saving, or a smaller reserve — each has a cost.
What minimum down payment applies?
It depends on the purchase price and the rules in force. MTLPages does not reproduce them here because they change — check with CMHC or your lender.
Official sources
Amounts, thresholds and schedules change. MTLPages does not reproduce them in the page: check the source for the figure currently in force.
Talk to someone about your numbers
Tell us what you need — Home Buying Budget Calculator.
MTLPages is a business directory. We pass your request to our team; we are not the service provider and we do not guarantee a response. You can also contact a business directly from its listing.
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Notice
This calculator does arithmetic on the values you enter. It is not financial, legal or tax advice, does not account for your personal situation, and guarantees no approval and no price. Confirm any decision with a qualified professional.