Interactive Financial Guidance

Mortgage & Home Affordability Calculator

Customize your inputs below. We automatically calculate mandatory default insurance (CMHC), land transfer taxes, and closing expenses to give you the complete picture.

1. Mortgage & Loan Structure

Step 1 of 3

Home price

Estimated purchase price of the property

Down payment amount

Enter a home price first

Effective down payment percentage

Calculated based on Canadian tiered minimum rules

CMHC insurance premium

Awaiting home price inputInterest rate

Your expected annual mortgage rateAmortization periodPayment frequencyMortgage term

2. Closing Costs & Land Transfer Tax

Step 2 of 3

Property is located in TorontoFirst-time home buyer status

Legal fees & disbursements

Estimated real estate lawyer feesTitle insurance

One-time protection policy feeHome inspection

Recommended pre-purchase checkTax / utility adjustments

Prorated property tax reimbursed to seller

* Land transfer tax calculations use current Ontario provincial thresholds.

3. Ongoing Monthly Carrying Costs

Step 3 of 3

Property tax rate

% / yr

Approx. $0.00 monthlyHome insurance

$/mo

Property & casualty coverageUtilities

$/mo

Estimated electricity, gas, waterCondo / maintenance fees

$/mo

Monthly strata/building fees if applicable