Spousal Buyout Mortgage Calculator

You agree on the home’s value, subtract the mortgage to get the equity, and pay your ex their share — usually half. The money comes from a new mortgage in your name alone, which also pays out the old joint mortgage so your ex comes off both title and the debt.

Equity is appraised value minus the mortgage balance; each spouse’s share follows your separation agreement (commonly 50/50). On a $700,000 home with $350,000 owing, the buyout is about $175,000 — run your own split in the calculator above.

Yes — Canada’s insured spousal buyout program allows up to 95% financing, well beyond the normal 80% refinance cap. It requires a signed separation agreement and a purchase-style approval, and it’s often the only way a buyout works when equity is thin.

Yes — one income, full debt load, including any support payments you pay or receive (support received can often count as income). If bank ratios don’t work, B lenders approve buyouts on more flexible terms so you can keep the house now and refinance later.

Common — missed joint payments during a split hurt both bureaus. Equity-based lenders can fund the buyout anyway, keeping the house and the kids’ schools stable, with a plan to move back to bank pricing once the dust settles.

For the 95% insured program, yes — lenders require a signed agreement setting out the equity split. At 80% or below, some lenders will proceed with less formality, but a written agreement protects both sides and speeds every approval.