Mortgage studio

Compare real payments across banks, credit unions, monoline and private lenders, with the stress test, CMHC insurance and Ontario land transfer tax calculated rather than mentioned. Every figure carries the assumption behind it.

Bank of CanadaPolicy rate 2.25%Prime 4.45%5-yr GoC 3.22%as of Aug 6, 2026 · Bank of Canada Valet

Home price$899,000

Home price, exact

$200,000 to $5,000,000

Down payment20% of $899,000, $179,800

Amortization

Years. A shorter amortization raises the payment and cuts the total interest; the trade is quantified in the scenario studio.

Interest rate

Rate type

Interest rate4.77%

Currently our indicative rate. Move this to the rate you were quoted and every figure becomes yours.

Interest rate, exact

0.5% to 15%, to the hundredth of a point.

Term length

The rate is fixed for the term, not for the amortization. What happens at the end of it is on the renewal tab.

Payment frequency

Payments are shown as /mo with the monthly equivalent beside them.

Show only lenders offering

Filters the lender cards. It does not change your own scenario above.

Qualification

Every one of these is optional and none of them is guessed. Until you enter an income there is no approval on this page, and anything we have to assume is labelled beside the figure it moves.

Household income

Not entered, so no ratio is calculated.

Before tax, per year, every borrower on the application.

Other monthly debt payments

Not entered, so total debt service treats them as zero.

Cards, car, student and line of credit minimums.

Annual property tax

Not entered, so 0.75% of price a year is assumed.

From the tax bill or the listing. It is inside the ratio a lender tests.

Monthly heating

Not entered, so the standard lender allowance is assumed.

Lenders add a heating figure whether or not you give them one.

Condo fee

Not entered, treated as a freehold with no fee.

Half of it counts towards gross debt service.

Credit

Employment

Past proposal or bankruptcy

Changes which lender tiers will look at the file.

First-time buyer

Applies the Ontario and Toronto land transfer rebates, and the 30-year insured amortization.

In Toronto

Adds the municipal land transfer tax, charged on top of the provincial one. Worth thousands, so check it.

Which lender will take this file depends on income

A tier assessment is a set of debt service ratios and a credit view. Without a household income there are no ratios, so there is nothing here we could honestly rank. Enter an income in your scenario and the ladder appears.

Compare lenders on rate instead

Nothing typed here is stored: reload the page and it opens on the defaults again unless the figures are in the link. The link holds the terms of the purchase and not your income, debts, credit or employment answers, and nothing holds those once the tab is closed.

Price: $899K
Down: $179.8K
Payment: $4,089