Home Equity Calculator - Jake Frisson

🏡 Your Current Home — Sale

Active

Is GST charged on this sale?

How is GST applied to your sale price?

GST Included in Price GST On Top of Price

Inclusive: $1M listed → you net ~$952k after remitting GST.
On Top: $1M listed → buyer pays $1.05M, you pocket $1M.

Splitting proceeds with a partner?

Investment or rental property?

Capital Gains Estimate

Original Purchase Price

Improvements / ACB Additions

Property Type

Marginal Tax Rate (%)

Inclusion Rate (%)

BC top marginal rate ~53.5%. Capital gains inclusion rate currently 50% (first $250k) / 66.7% above. Adjust as needed.

Proceeds of Disposition—

Adjusted Cost Base—

Capital Gain—

Principal Residence Exemption—

Taxable Gain (50% inclusion)—

Est. Tax Owing—

Net After Tax—

Sale Price (Listed)

Mortgage Balance Owing

Mortgage Penalty / Break Fee

Prepayment penalty for breaking mortgage early

Current Interest Rate (%)

Remaining Amortization (years)

Years left on your current mortgage

Commission Structure

Rate on 1st $

Up to ($)

Rate on Balance

7% on first $100,000 + 3% on the balance

Additional Selling Fees

Legal fees, title insurance, moving costs, etc.

Current Monthly Payment—

Sale Equity Breakdown

Seller Net Proceeds—

− Mortgage Payoff—

− Mortgage Penalty—

− Commission—

− Other Fees—

Cash in Hand—

🔑 New Home — Purchase

New construction? GST may apply.

GST on Purchase (5%)

5% GST will be added on top of your purchase price for all calculations.

Purchase Price

Down Payment Type

Down Payment ($)

CMHC Mortgage Insurance

Down Payment %—

Insurance Premium Rate—

Premium Amount—

Total Insured Mortgage—

CMHC premium is added to your mortgage balance. Applies when down payment is 5%–19.99%.

Fixed Rate (%)

Compare fixed vs variable

Variable Rate Inputs

Prime Rate (%)

Spread (e.g. −0.5)

Effective variable rate: 4.95% · Rates fluctuate with Bank of Canada decisions.

Est. Monthly Payment—

Amortization (years)

Property Transfer Tax

BC: 1% up to $200k · 2% on $200k–$2M · 3% over $2M · 5% over $3M

Monthly Cost Estimate

Est. Mortgage Payment—

Property Taxes

= $0/mo

Strata / HOA Fees

/mo

Other (utilities, insurance, etc.)

/mo

Total Monthly Cost—

Purchase Equity Position

Purchase Price—

+ GST (5%)—

Total Cost—

− Down Payment—

− Transfer Tax—

+ CMHC Premium (added to mortgage)—

− New Mortgage (incl. CMHC)—

Day-One Home Equity—

Equity Growth Over Time

Drag to see equity at any year—

Yr 5

Equity Built

—

Balance Owing

—

Interest Paid

—

EquityRemaining Mortgage

Home Value Appreciation + Mortgage Paydown

Total equity = appreciated value − mortgage still owing—

Annual Appreciation Rate

0.5% conservative~4% historical avg20% hot market

Projection Year

Yr 10

Future Home Value

—

Appreciation Gain

—

Mortgage Still Owing

—

Total Equity (Value − Owing)

—

Home ValueYour EquityMortgage

⚠️ For educational purposes only. Not financial, legal, or mortgage advice. Capital gains estimates are approximate — consult a tax professional. Please contact a qualified mortgage professional for advice tailored to your situation.

Your Complete Picture

Listed Sale Price

—

GST on Sale

—

Seller Net Proceeds

—

Mortgage Payoff

—

Mortgage Penalty

—

Commission

—

Other Selling Costs

—

Net Cash from Sale

—

GST on Purchase (5%)

—

Purchase Price

—

Transfer Tax

—

Down Payment

—

New Mortgage

—

🏠

—

📬 Contact Jake for Advice