LandlordGauge

BRRRR calculator Canada

Estimate cash left in the deal and monthly cash flow after a Canadian refinance, with the 80% planning cap and CMHC insured refinance rules.

Your purchase and refinance

Price paid for the property, excluding closing costs that are not entered.

Your total rehabilitation budget.

Assumed appraised value after the work; no appreciation forecast is supplied.

Conventional planning limit: up to 80% of the after-repair value.

Conventional refinance up to the 80% planning limit.

Typical posted 5-year rate; use your own quote.

Typical value, change it to yours. Source: Bank of Canada: posted interest rates offered by chartered banks (5-year conventional mortgage, V80691335), checked .

Whole years to repay the refinance loan, from your lender's terms.

Scheduled rent after rehabilitation.

Running costs, including a vacancy allowance. Exclude the mortgage payment.

Your result

Example result

Cash left in the deal

$30,000Purchase + rehabilitation − refinance loan

Estimate: purchase plus rehabilitation, less the conventional refinance loan of after-repair value times LTV.

Monthly cash flow after refinance

-$83.66Rent − operating costs − refinance payment

Refinance loan: $320,000. Monthly payment: $2,083.66.

Example: illustrative 25-year amortization and $500 of monthly operating costs.

Rates as of