The money, in the open
Every dollar, where it goes, and what it is for.
Run the calculator, then read the explanation underneath it. Nothing here is a hidden fee and nothing is invented — the arithmetic is the same engine that produces our written quotes.
Your numbers
See what this looks like for your household.
Tell us four things
Everything on the right updates as you move these.
$200k$1.4M
Program minimum on this price: $15,000
By the end of your 3-year term, you'd have saved
$44,160
Toward buying this home — 7.9% down on a price that is locked today at $562,500. That is your deposit plus $810 set aside from every monthly payment.
Purchase price locked
$562,500
In 3 years, at 4.00%/yr — it does not move.
Monthly payment
$4,060
Property tax and home insurance already inside it.
Deposit to start
$15,000
Credited straight to your future down payment.
Where each $4,060 payment goes
Your down payment, growing year by year
You clear the lender minimumSavings accrue on payments actually received — a missed payment is a missed contribution.
Your income supports this price
$500,000 sits inside the $600,000 guideline for your household.
Your deposit clears the minimum
$15,000 against a minimum of $15,000 on this price.
You'll have enough down at the end
$44,160 saved against $31,250 required — that is 7.9% down.
After you buy
A mortgage of $518,340 at 5.25% over 25 years is about $3,106 a month, before property tax and insurance which you take over at that point.
Every figure here is an illustration, not an offer of credit and not a guarantee of approval. Your actual terms are set out in a written quote and formalised in a Letter of Intent.
How the monthly payment is built.
Two components, and that is all. There is no third line and no add-on for tax or insurance.
Base rent
Seeded at 0.65% of the target purchase price per month, and editable per deal. It already includes property tax and home insurance, which the owner pays out of it. Adding them on top would be double counting.
Savings portion
About 20% of the total monthly payment, rounded to the nearest ten dollars. It is your money — it accrues to your future down payment every time a payment is actually received.
Total monthly payment
Base rent plus the savings portion, exactly. Condo or maintenance fees, where the home has them, are billed separately. Utilities are yours, as they would be in any home.
Three separate pots of money.
They are treated differently, so we keep them apart in the books and on your statements.
- 1
Starting down payment
A floor of 3% of the target price or $10,000, whichever is greater — sometimes set higher on a riskier file. Credited to your future down payment.
- 2
Monthly supplementary deposit
The savings portion of every payment we actually receive. Missed payments are missed contributions — the balance is summed from real postings, never assumed.
- 3
Path to Homeownership deposit
$975, credited back to you only on a successful exit. Otherwise it is non-refundable, which is why we keep it in its own pot rather than mixing it with your savings.
Set-up costs.
Your expense, not credited to your down payment. These are estimates and taxes are not included.
- Home inspection
- $500
- Path to Homeownership initial program deposit
- $975
- Independent legal advice
- $400
- Appraisal, if needed
- $550
Arranged before the purchase goes ahead.
Returned only on a successful exit.
Mandatory. Your own lawyer, your own choosing.
Only where the lender or investor requires one.
Closing-day costs.
Payments are due in advance, so your first one lands on closing day rather than a month later.
- First month's base rent
- First month's savings portion
- Referring professional broker fee, where one applies — often $0
- Anything else agreed in writing before closing
The exit target
We size the savings portion so you land at roughly 8%–10% down at the end of the term — comfortably above the legal minimum, because a bigger down payment makes the mortgage approval easier and the payment smaller.
These financial terms are open to change based on the final purchase price, down payment, and length of program term. Figures shown here are illustrations, not offers of credit.
Get these numbers in writingIf a lender said no, that isn't the end of the conversation.
Applying costs nothing, takes about twelve minutes, and ends with a straight answer about what is realistic for your household.