Condo Mortgage Calculator
Estimate a condo mortgage payment in Ontario, including condo fees in the affordability picture. This is an estimate to help you plan, not an offer or approval.
Since December 2021, HB Mortgage Centre has funded over $1 billion in mortgages through more than 50 lenders.
Written by the HB Mortgage Centre team. Reviewed by Hardeep Batoo, Principal Broker (licence M13002408). HB Mortgage Centre is an FSRA-licensed brokerage (#13449). Last updated: June 23, 2026.
Estimate your condo mortgage
Estimated Results
Monthly Mortgage Payment
$2,930
Total Monthly Housing Cost
$3,880
Mortgage + condo fees + tax
GDS Ratio (stress-tested)
42.6%
Above 39% - may limit lenders
GDS uses 50% of condo fees per lender convention, plus estimated heat of $100/month. Actual lender treatment of condo fees varies.
This is an estimate only. Subject to qualification. Not an offer or approval. Condo-fee inclusion in debt-service ratios depends on the lender. Canadian mortgage rules apply (no PMI or HOA). CMHC insurance rates shown are standard; confirm current rates at publish.
Estimate only. Condo-fee inclusion depends on the lender. Canadian terminology (no PMI/HOA). Subject to qualification.
How to use it
Enter the price, down payment, and a rate, then add the condo fees and property tax. The estimate shows the mortgage payment and the all-in monthly cost. Condo fees matter twice: they add to your monthly cost, and lenders include a portion when assessing what you can afford.