Nova Scotia • Second Home • Estimate Only
Remortgage Pre-Approval Estimator
Estimate your borrowing power for a second home in Nova Scotia, then compare multiple properties side by side. This is a general guide — not a formal pre-approval.
Your Financials
Second homes require a minimum 20% down payment.
6.99%
Lenders stress-test at the higher of your rate +2% or 5.25%. Second homes are conventional (no default insurance), so GDS max 39% and TDS max 44% apply.
Estimated Pre-Approval
Max Mortgage
$440,975
Max Purchase Price: $520,975
Est. Monthly Payment
$2,575
Est. Monthly Property Tax
$586
GDS Ratio (max 39%)
33.6%
TDS Ratio (max 44%)
38.6%
Compare Properties
Add property prices to see the mortgage breakdown and whether each fits within your estimated pre-approval.
| Property Price | Down Payment | Mortgage | Monthly P+I | GDS | Status | |
|---|---|---|---|---|---|---|
| $450,000 | $80,000 18% down | $370,000 | $2,161 | 28.7% | Over budget | |
| $525,000 | $80,000 15% down | $445,000 | $2,599 | 33.9% | Over budget |
This calculator provides a general estimate based on Nova Scotia second-home mortgage guidelines. Actual pre-approval depends on credit score, lender policies, property appraisal, and more. Contact Kathleen for a formal assessment.