Mortgage Calculator
Estimate your monthly principal + interest payment at any purchase price.
Estimated monthly payment
$3,412
Principal + interest only
$424,400
Total interest paid
Land Transfer Tax
Ontario LTT calculator with first-time buyer rebate. Toronto buyers pay double — toggle below.
Buyer type
Location
Net land transfer tax owing
$11,475
No rebate applied
CMHC Insurance
Mortgage default insurance is required when your down payment is under 20%. Calculate your premium here.
CMHC premium
$16,740
3.10% of $540,000 mortgage
$3,168
Est. monthly (5.19%)
Closing Cost Estimator
Total estimated out-of-pocket costs to close on an Ontario purchase, beyond your down payment.
First-time buyer?
Total estimated closing costs
$17,575
In addition to your down payment