Mortgage Calculator
Estimate your payment and closing costs
See your mortgage payment, the minimum down payment, mortgage insurance and land transfer tax for any price — then talk to us about the homes that fit.
Monthly payment
$4,525
- Mortgage amount
- $835,110
- CMHC insurance (3.10%, added to mortgage)
- $25,110
- Total interest over 25 years
- $522,425
- Ontario land transfer tax
- $14,475
- 8% Ontario sales tax on CMHC premium (paid at closing)
- $2,009
- Cash needed at closing (before legal fees)
- $106,484
Estimates only, for illustration. Uses Canadian semi-annual compounding, current CMHC premium rates and Ontario and Toronto land transfer tax rates. Your lender, lawyer and the governments set the final numbers.
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