Minimum down payment calculator
Confirm Canadian minimum down payment rules for your purchase scenario.
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Minimum down payment calculator
Apply Canadian tiered rules to confirm the least cash required and any funding gaps.
How this calculator works
Calculate the minimum down payment based on purchase price and property type.
Use it alongside insurer premiums to understand total cash requirements.
Inputs you will need
- Purchase price
- Occupancy type
- First-time buyer status
Assumptions and limitations
- Uses tiered down payment rules.
- High-ratio mortgages require insurance.
- Purchases above $1M require 20% down.
Example scenarios
$650k purchase
Calculate the required down payment and insurance impact.
$1.2M purchase
See how the 20% down rule applies above $1M.
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Create a free account to save scenarios, compare options side by side, and share results with your broker team.
Frequently asked questions
Can I use gifted funds?
Yes, with a signed gift letter and proof of deposit.
Does the minimum include closing costs?
No. Closing costs are separate and must be added to your cash plan.
Is the down payment different for rentals?
Yes. Investment properties often require higher down payments.