Step One, know what you can afford
Canadian Mortgage Calculator
Estimate payments & closing costs (including Land Transfer Tax)
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Your Payment
$2,224
Monthly
Mortgage Amount
$400,000
CMHC Insurance
(?)
$0
Total Mortgage Required
$400,000
Cash Needed on Closing
Down Payment
$100,000
PST on CMHC Insurance
$0
Land Transfer Tax
$0
Total Cash Required
$100,000
Balance over term
*Calculations are estimates. Fixed rates are compounded semi-annually (Canadian standard).
2025 CMHC Rules Applied. LTT calculations based on Ontario/Toronto 2024 brackets.
2025 CMHC Rules Applied. LTT calculations based on Ontario/Toronto 2024 brackets.