Plan your home purchase with confidence using our comprehensive mortgage calculators. Get instant estimates for payments, affordability, taxes, and closing costs.
Calculate your monthly mortgage payments based on home price, down payment, interest rate, and amortization period.
Your mortgage interest rate can either be Fixed for the term or Variable (which changes with the prime rate). The Rate Term is the contract length with a lender.
Amortization is the total time it takes to pay off your mortgage in full. New mortgages usually start with an amortization of 25 years or 30 years in Canada.
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Determine how much home you can afford based on your income, debts, down payment, and other financial factors.
Include car loans, credit cards, student loans, etc.
Maximum recommended: 32%
Maximum recommended: 40%
Note: This is an estimate based on standard lending criteria. Actual approval amounts may vary based on credit score, employment history, and lender requirements.
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Calculate Ontario land transfer tax and Toronto municipal tax. See your first-time buyer rebate eligibility.
About Land Transfer Tax:
Ontario charges land transfer tax on all property purchases. First-time buyers can receive up to $4,000 rebate. Toronto has an additional municipal land transfer tax with its own first-time buyer rebate.
Enter your purchase price to calculate land transfer tax
Estimate all your closing costs including land transfer tax, legal fees, inspections, insurance, and moving expenses.
About Closing Costs:
Budget 1.5% - 4% of your purchase price for closing costs. These include land transfer tax, legal fees, inspections, insurance, and moving expenses.
Enter your purchase details to calculate closing costs
These calculators provide estimates to help you plan. For personalized advice and accurate pre-approval amounts, speak with one of our mortgage experts.
Choose a time that works for you. We'll discuss your goals and explore your mortgage options.
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