This page shows what a $200,000 household income buys and the down payment each option needs.
Most you can spend on a home
Down payment
CMHC insurance premium
Mortgage (with premium)
Qualifying (stress test) rate
Actual monthly payment
What a $200,000 income buys
| Down payment | Most you can spend | Down payment needed | Actual monthly payment |
|---|---|---|---|
| Minimum | $905,000 | $65,500 | $4,597 |
| 10% | $937,000 | $93,700 | $4,578 |
| 20% | $1,037,000 | $207,400 | $4,523 |
The assumptions and rules behind these figures are on the affordability calculator page.
Down payment at this price
The minimum down payment on a $905,000 home is $65,500. With 20% down, the same income supports $1,037,000, which takes $207,400 in savings.