Stone Group Real Estate Team · Planning tools
Down payment calculator
Compare the minimum down payment with your savings and a 20% down payment.
Your estimate will appear here when the calculator is ready.
- 20% down payment benchmark
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- Amount still needed to reach the minimum
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- Price less your planned down payment
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The remaining price excludes mortgage insurance premiums and closing costs. A lender may require a higher down payment.
Make the numbers useful
Try a scenarioChange the example figures to explore your own plan.
Understand the scopeCheck the assumptions alongside your estimate.
Keep it privateInputs stay in this page. No account, saving or submission.
What this estimate means
Know what’s included.
The minimum depends on the purchase price. Up to $500,000: 5%. Above $500,000 and below $1.5 million: 5% of the first $500,000 plus 10% of the remainder. At $1.5 million or more: 20%.
Below 20% down, mortgage loan insurance is typically required.
This tool does not calculate its premium or assess borrower, property or insurance eligibility. A lender may require more than the guideline.
The Government of Canada down payment guidance
Source review: September 30, 2026. Planning estimates only; your lender or conveyancer must confirm the figures that apply to you.