Mortgage protection for your first home

What is your mortgage balance?

The amount you owe today, or will owe when you close. Include a second loan on the home if you have one.

How many years are left on the mortgage?

Most first mortgages start at 15 or 30 years. Planning to pay it off early? Enter the year you plan to finish.

What is your take-home pay a year?

Pay after tax. Skip it if you only want to cover the mortgage.

Beyond the mortgage, how many years of your pay should your household have?

0 covers the mortgage only. Children or a partner who rely on your pay? Our guide says the longest clock usually sets the term, and a youngest child turning 18 or 22 is one of them.

What could your household already count on?

Savings outside retirement plus any life cover you already have, such as group cover at work.