Spousal Buyout Calculator

Rough Payout

Appraised Value of Home (CAD)

Existing Mortgage Balance (CAD)

Other Secured Debt (HELOC, 2nd Mortgage, etc.) Registered debts secured against the property; paid out on refinance.

Spousal Equity Split (%)

50%

Departing spouse's share of total equity (after secured debts).

Net Equity (Value − Mortgage − Other Secured) —

Rough Payout to Departing Spouse (before costs) —

Spousal Payout Costs

Mortgage Balance Used for Penalty —

Mortgage Type

Borrower’s Current Rate (%)

Current Comparable Rate for Remaining Term (%) Used for IRD on fixed-rate mortgages.

Months Left to Renewal

Include Sales Fee (Home Sale Price × 5%) Toggle on to include a 5% notional sale commission in shared costs.

Other Fees (defaults provided)

Appraisal Fee (CAD)

Legal Fees (CAD)

Administrative Fees (CAD)

Custom Misc. Fees (CAD)

Estimated Mortgage Penalty —
Sales Fee (Home Sale Price × 5%) —
Other Fees Total (Appraisal + Legal + Admin + Misc) —
Total Spousal Payout Costs (Penalty + Sales + Other) —
Departing Spouse Payout Costs (50% share) —
Rough Payout (from above) —
Departing Spouse Payout (Rough − 50% of Costs) —
Cost to Payout Departing Spouse (Rough + 50% of Costs) —

Affordability

Required New Mortgage: —

Loan-to-Value: —

Financed Mortgage (Incl. Insurance Premium) —

Income & Housing Inputs

Residing Spouse Gross Income (annual, CAD)

Property Taxes (annual, CAD)

Heating (monthly, CAD)

Interest Rate for Affordability (%)

Amortization (years)

25 yrs

Mortgage Insurance Premium (capitalized) —
Monthly Mortgage Payment (contract rate) —
Monthly Payment (stress tested) —
GDS @ Contract Rate —
GDS @ Stress Test (greater of rate+2% or 5.25%) —

This tool is for educational planning only and does not constitute lending advice. Calculations are approximate; lender/insurer policies and legal calculations apply.