Mortgage & home buying calculators

Monthly payment

—

Mortgage amount

—

CMHC insurance added

—

Total mortgage

—

Interest over the amortization

—

Canadian fixed-rate mortgages compound semi-annually. Insurance is added automatically when the down payment is under 20%.

You could afford a home up to

—

Maximum mortgage

—

Monthly payment

—

Stress-test rate used

—

Limited by

—

Lenders qualify you at the higher of your rate + 2% or 5.25%, with housing costs up to 39% of income (GDS) and all debts up to 44% (TDS). Talk to a mortgage professional for a pre-approval.

Total land transfer tax

—

Ontario land transfer tax

—

Toronto municipal tax

—

First-time buyer rebates

—

Ontario rates 0.5% to 2.5%, first-time refund up to $4,000. Toronto adds its own tax at the same rates up to $3M and higher rates above $3M from April 1, 2026, with a first-time rebate up to $4,475. Non-resident tax: Ontario 25%, Toronto 10%. Your lawyer confirms the final amount at closing.

Insurance premium

—

Minimum down payment

—

Loan-to-value

—

Premium rate

—

Ontario PST on premium (paid at closing)

—

Total mortgage with premium

—

Insurance is required with less than 20% down and is available on homes under $1.5 million. Minimum down payment is 5% of the first $500,000 and 10% of the rest. A 0.20% surcharge applies to 30-year amortizations.