Down Payment Planner

Name: Down Payment Planner
Rating: 4.8 (1240 reviews)
Author: Homees

How long to save - or where to find the money

Your savings plan

See when you'll cross each down-payment milestone.

Target home price$600,000

Saved so far$25,000

Saving per month$1,500 /mo

Investment return4% /yr

HISA, GIC, or FHSA growth.

To avoid CMHC (20% down)

4y 7m · Feb 2031

You'll need $120,000 for 20%

Minimum down ($35,000)7m · Feb 2027

10% down1y 10m · May 2028

Saved so far$25,000

Compounded monthly at your return rate

Your milestones

Minimum down - $35,000

Get in the door

7m · Feb 2027

10%

10% down - $60,000

Smaller CMHC premium

1y 10m · May 2028

20%

20% down - $120,000

No CMHC insurance

4y 7m · Feb 2031

Looking good

A local Homees agent can turn these numbers into a real shortlist — and a winning offer.

Verified Homees agents · replies within 24h

No cost, no obligation

They see your full report

Local market expertise

Download your savings timeline. Earns +50 IQ.

Assumes steady monthly saving and your stated return, compounded monthly. Guidance only.

Your next 3 moves

What price range does your down payment unlock?

Stack your FHSA + HBP + rebates.