Home buying calculators

Land transfer tax

Ontario land transfer tax

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Ontario first-time buyer refund

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Toronto municipal land transfer tax

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Toronto first-time buyer rebate

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Estimated total to pay

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Each rate is applied to the part of the price inside its band. Check the City of Toronto and Ontario pages and ask your lawyer before relying on a figure.

Mortgage payment

Mortgage amount

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Payment

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Total interest over the life of the mortgage

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Time to pay off

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With less than 20% down, your mortgage is insured against default. The insurance premium is extra and is usually added to the mortgage. It is not included here.

30-year amortization is available on insured mortgages only to first-time buyers and buyers of new builds. Otherwise 25 years is the usual maximum for insured mortgages.

Fixed-rate Canadian mortgages compound semi-annually, and this calculator does the same. Lenders also test whether you could afford a higher rate, so what you qualify for can be lower.