Free tool
Free Ontario Buyer Readiness Calculator
Estimate how much home you can comfortably afford, including mortgage payment, land transfer tax, closing costs, and monthly carrying costs. This is educational information only, not a mortgage approval or guarantee.
Mohammed Mustaf, Real Estate Salesperson · HomeLife Miracle Realty Ltd., Brokerage
Not intended to solicit properties currently listed for sale or buyers or sellers under contract.
Buyer Readiness Calculator
Enter your income, savings, and debts. We will estimate a comfortable purchase price and the real monthly cost of ownership.
Enter your annual income and down payment savings to see your estimate.
This calculator uses common Canadian underwriting ratios (GDS/TDS) and a stress-tested interest rate for educational purposes only. It is not a mortgage pre-approval, approval, or guarantee. Speak with a licensed mortgage professional before you make an offer.
Answers
Frequently asked questions
Q.Is this calculator a mortgage pre-approval?
No. This calculator provides an educational estimate based only on the numbers you enter. Only a licensed mortgage professional or lender can issue a real pre-approval or approval.
Q.How is the maximum purchase price calculated?
We use common Canadian underwriting guidelines: housing costs capped near 32% of gross income (GDS) and total debt payments near 40% (TDS), applied against a stress-tested interest rate.
Q.Does the calculator include the Toronto municipal land transfer tax?
Yes. Selecting Toronto combines the Ontario and Toronto municipal land transfer taxes and applies the first-time buyer rebates you indicate.
Q.Does it apply to Mississauga, Brampton, Oakville and other GTA cities?
Yes. The Ontario land transfer tax and closing cost estimates apply across the GTA. Only Toronto adds a second, municipal land transfer tax.
Free AI real estate platform
Continue exploring
Every tool on Hamodi Realty is free, educational, and built for Ontario. Pair this tool with the resources below for a fuller picture of your next move.
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Your privacy is protected under PIPEDA and Ontario privacy law. Information you enter into this tool is used only to generate your result and, if you choose, to respond to your request. You can ask us to access, correct or delete your data at any time by emailing hamodi.realty@gmail.com.
Next step
Ready to talk with a licensed professional?
Bring your results to a complimentary, no-obligation conversation with Mohammed Mustaf. Educational tools are a starting point; a real conversation gets you the right next step.
Mohammed Mustaf, Real Estate Salesperson · HomeLife Miracle Realty Ltd., Brokerage