Compare the homes, not just their prices.
Put two or three candidate homes on the same financing assumptions. See estimated cash to close, the monthly costs around the mortgage, and the checks that still need evidence.
- Stored only in this browser
- No account or property-data upload
- Planning comparison, not a lending decision or appraisal
Shared financing assumptions
The same rate, amortization, and down-payment percentage apply to every candidate so the comparison stays consistent.
Candidate home inputs
Use a short private label instead of an address. Enter costs from the listing, tax record, insurer, lender, condo documents, and your own allowances.
Cash, monthly cost, and open checks
Every figure uses your entries and the shared assumptions above. No overall rating is produced.
- Mortgage rate
- 4.5%
- Amortization
- 25 years
- Down payment
- 10%
Option A
- Estimated cash to close
- $80,000
- Estimated monthly ownership cost
- $4,488
Mortgage default insurance added to principal: $18,135
- Mortgage
- $3,338
- Property tax
- $400
- Monthly heating
- $150
- Monthly home insurance
- $150
- Monthly maintenance allowance
- $450
- Verified
- 0
- To verify
- 5
- Not applicable
- 0
Option B
- Estimated cash to close
- $85,000
- Estimated monthly ownership cost
- $4,745
Mortgage default insurance added to principal: $19,530
- Mortgage
- $3,595
- Property tax
- $400
- Monthly heating
- $150
- Monthly home insurance
- $150
- Monthly maintenance allowance
- $450
- Verified
- 0
- To verify
- 5
- Not applicable
- 0
View all entered and calculated figures
| Measure | Option A | Option B |
|---|---|---|
| Entered price | $650,000 | $700,000 |
| Current minimum down payment | $40,000 | $45,000 |
| Down payment | $65,000 | $70,000 |
| Closing-cost allowance | $15,000 | $15,000 |
| Estimated cash to close | $80,000 | $85,000 |
| Down-payment shortfall | $0 | $0 |
| Mortgage default-insurance premium | $18,135 | $19,530 |
| Mortgage principal | $603,135 | $649,530 |
| Monthly mortgage payment | $3,338 | $3,595 |
| Annual property tax | $4,800 | $4,800 |
| Monthly property tax | $400 | $400 |
| Monthly condo fee | $0 | $0 |
| Monthly heating | $150 | $150 |
| Monthly home insurance | $150 | $150 |
| Monthly maintenance allowance | $450 | $450 |
| Total monthly cost | $4,488 | $4,745 |
| Financing | To verify | To verify |
| Inspection | To verify | To verify |
| Condo / strata documents | To verify | To verify |
| Title and legal review | To verify | To verify |
| Insurability | To verify | To verify |
The mortgage uses the Canadian semi-annual compounding calculation already used by this site. When applicable, estimated default-insurance premiums are added to mortgage principal. Cash to close is the calculated down payment plus your closing-cost allowance. Monthly cost adds mortgage, property tax, condo fees, heating, insurance, and maintenance.
This workspace does not place candidate labels, costs, or checks in the page URL or analytics. Export and print happen in your browser.
Confirm financing eligibility, taxes, insurance, property condition, title, condo documents, and closing figures with the appropriate professionals before committing.