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Purchase Calculator

Plan your future home purchase smarter.

Estimate Your Mortgage Payments

Summary

Loan Amount:

Down Payment:

Estimated Payment:

Total Interest Paid Over Life:

Mortgage Paid Off By:

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See the latest rates offered by top Canadian banks, credit unions, and private lenders. Updated monthly.

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Why Work With Prosper Lending?

Fast Pre-Approvals

Quick approvals so you can shop for your home confidently.

Custom Solutions

We help all clients — first-time buyers, investors, and everything in between.

Lowest Rates

We shop the market to get you the best deal possible, not just one bank.

Frequently Asked Questions

How much is the minimum down payment?

5% for the first $500,000, 10% for the portion between $500,000 and $1,500,000, and 20% for homes over $1,500,000

Can I still qualify with less than 20% down?

Yes — but you must purchase mortgage default insurance through CMHC, Sagen, or Canada Guaranty.

What amortization options are available?

Typically, you can select 15, 20, 25, 30, or 35 years depending on your down payment and lender rules.

What documents do I need to get pre-approved?

Typically two years' notice of assessments, pay stubs, employment letter, and down payment verification.

Ready to Buy Your New Home?

Let's secure your approval together!

Contact Us Today

Explore Current Mortgage Rates

See the latest rates offered by top Canadian banks, credit unions, and private lenders. Updated monthly.

View Mortgage Rates →