Affordability calculator
What salary do you need to afford a $750,000 house?
The mortgage payment is the part everyone quotes. It is about two thirds of it.
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Which one?
Be specific. A starter condo and a detached house are the same category and nothing like the same number.
$750,000 houseThe mortgage payment is the part everyone quotes. It is about two thirds of it.
Where you’re buying itResearched per country, never converted.
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The numbers behind this page
Monthly cost of a $750,000 house in Ontario, at the default assumptions.
| Cost | Per month |
|---|---|
| Mortgage, 25-year amortisation at 4.35% | $3,271 |
| Property tax | $625 |
| Home insurance | $225 |
| Maintenance and repairs | $625 |
| Utilities | $410 |
| Every month, all in | $5,156 |
| Cash needed up front | $172,500 |