Free calculators and resources to help you plan your Kelowna real estate transaction with confidence.
Calculate your estimated cash required to close, including Property Transfer Tax and Tax Proration.
Enter the total agreed-upon price.
Loan amount from your lender.
This amount is credited towards your cash-to-close.
Total taxes for the current calendar year.
The day you take possession/occupancy.
| Cost Item | Estimated Cost |
|---|---|
| Property Transfer Tax (PTT) | $18,000.00 |
| Property Tax Adjustment (Proration) 184 days from 2026-07-01 to Dec 31. | $2,268.49 |
| GST/HST (5%) Not applicable for resale properties. | $0.00 |
| Legal Fees & Disbursements Covers conveyancing, registration, etc. (Set at $2,700) | $2,700.00 |
| Title Insurance Premium (Estimate) | $300.00 |
| TOTAL ESTIMATED CLOSING COSTS | $23,268.49 |
| Purchase Price Balance Due (Net of Deposit/Mortgage) = Purchase Price − Deposit Paid − Mortgage Amount | $175,000.00 |
| Add: Total Estimated Closing Costs | $23,268.49 |
| TOTAL CASH REQUIRED ON COMPLETION DATE | $198,268.49 |
Disclaimer: This calculator provides a general estimate only. Legal fees, disbursements, and insurance costs vary. PTT rates reflect the 2024 BC Legislation. Property Tax Adjustment is a simple proration based on the calendar year and possession date. Always consult your lawyer and lender for precise figures.
Estimate your Canadian mortgage payments using semi-annual compounding (standard in Canada), with CMHC insurance included where applicable.
The purchase price of the property.
20.0% of purchase price — No CMHC insurance required.
Your lender's quoted annual rate.
Typical options: 25 years (insured), up to 30 years (conventional).
How often you make mortgage payments.
| Item | Amount |
|---|---|
| Mortgage Principal (Loan Amount) | $800,000.00 |
| Monthly Payment Based on 5.14% annual rate, 25-year amortization, Canadian semi-annual compounding. | $4,716.80 |
| Total Amount Paid Over Full Amortization | $1,415,040.79 |
| Total Interest Paid Total cost of borrowing over the full amortization period. | $615,040.79 |
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| Year 1 | $16,291.44 | $40,310.19 | $783,708.56 |
| Year 2 | $17,139.58 | $39,462.05 | $766,568.98 |
| Year 3 | $18,031.87 | $38,569.76 | $748,537.11 |
| Year 4 | $18,970.62 | $37,631.01 | $729,566.48 |
| Year 5 | $19,958.24 | $36,643.39 | $709,608.24 |
Showing years 1–5 of 25. Click "Show Full Schedule" to see all years.
Optional — enter any applicable costs to see your total estimated monthly outlay.
Leave at $0 if not applicable or unknown.
Enter $0 if this is a freehold property.
Estimate based on similar homes in the area.
Home insurance estimate. Enter $0 if not applicable.
| Cost Item | Per Month |
|---|---|
| Mortgage Payment (Monthly Equivalent) | $4,716.80 |
| TOTAL ESTIMATED MONTHLY COST | $4,716.80 |
Disclaimer: This calculator uses Canadian standard semi-annual compounding as required by the Interest Act. CMHC premium rates are current as of 2024. Results are estimates only — your lender will provide exact payment figures based on your specific mortgage contract. Always consult a mortgage broker or financial advisor.
Calculate your estimated cash proceeds after all fees, commissions, and mortgage payoff.
The final selling price of the property.
Total amount required to pay off your mortgage.
Rate on the first $100,000 of the sale price.
Rate on the portion above $100,000.
Enter your lender's penalty (if applicable).
Total taxes for the current calendar year (assumed pre-paid).
The day the buyer takes possession/occupancy.
| Item | Amount |
|---|---|
| Mortgage Payoff | -$350,000.00 |
| Total Real Estate Commission (Tiered) 8.0% on first $100,000.00 + 4.0% on balance ($900,000.00) | -$44,000.00 |
| Legal Fees & Disbursements Covers conveyancing, title discharge, etc. (Fixed at $1,500) | -$1,500.00 |
| Mortgage Break/Prepayment Fee | $0.00 |
| Property Tax Adjustment (Proration Credit) Seller receives credit — 184 days from 2026-07-01 to Dec 31. | +$2,268.49 |
| SALE PRICE (GROSS PROCEEDS) | $1,000,000.00 |
| Total Costs & Debits (Mortgage, Fees, Commission) | -$395,500.00 |
| Total Credits (Tax Proration) | +$2,268.49 |
| ESTIMATED NET CASH TO SELLER | $606,768.49 |
| ESTIMATED HOME EQUITY LEFT OVER (Before Tax Credit) = Sale Price − Mortgage Payoff − All Fees | $604,500.00 |
Disclaimer: This calculator provides a general estimate only. Final proceeds are subject to exact mortgage payoff figures (which fluctuate daily), final legal statements, and any outstanding property fees or liens. Always consult your lawyer and lender for precise figures.