Down payment savings planner
Know your target. Build a clearer plan.
One savings plan brings together
Build a down payment plan from the target price, required minimum, current savings and preferred timeline.
Four details. One clearer number.
Estimate your real monthly home cost
Free planning calculator
Build your down payment plan
Compare your goal with Canada's minimum down payment, track what is already set aside and estimate the monthly savings or time needed.
How it works
Build your down payment plan
Choose the minimum, a 20% target or a custom goal. Then plan by a purchase date or the amount you can set aside monthly. Morteller keeps closing costs separate.
Financial Consumer Agency of Canada: How much you need for a down paymentWhat the estimate considers
- The goal must meet the Canadian minimum down payment for the entered home price.
- Optional savings growth is illustrative and not guaranteed.
- Closing costs and an emergency fund are not included in the down payment target.
Good to know
Clear answers before you use this calculator.
Does Morteller check the minimum down payment?
Yes. The minimum is shown as soon as you enter a home price, and percentage and dollar goals are validated against the same Canadian rule.
Does this planner need my income?
No. Enter the amount you can set aside each month or choose a target date. Income, expenses and mortgage affordability are handled separately by Morteller's affordability calculator.
Are closing costs included?
No. Down payment and closing costs are separate. Use Morteller's closing cost calculator to plan for purchase-day costs.