Replace allowances with property-specific insurance, utility, condo, and maintenance information.
Ownership cost calculator
True monthly home-ownership cost calculator
Add mortgage, property tax, heating, condo fees, and a maintenance reserve to understand the monthly cost of owning beyond the loan payment.
Start calculating
Turn a mortgage payment into a household budget.
STEP 1 OF 2
Where is the property?
Choose a province or territory so taxes, transfer fees, and regional assumptions are tailored before you start.
Understand the result
The costs listings do not put in one place
- A mortgage payment is only one line in an ownership budget.
- The result separates recurring obligations from a suggested maintenance reserve.
- Use actual property tax, utility, condo, and insurance quotes when you have them.
Formula and assumptions
Calculations are reproducible and use the published rules linked below. Service-cost amounts are planning allowances, not quotes.
Read the calculation methodologyFAQ
Common questions
What costs should a homeowner include each month?
Common costs include mortgage, property tax, insurance, heating, utilities, condo fees when applicable, and a reserve for maintenance and replacements.
How much should I reserve for maintenance?
There is no universal amount. The tool uses an adjustable planning assumption; age, condition, property type, and near-term repairs matter more than a generic rule.