Mortgage & closing cost calculator

Ontario LTT, Toronto option, insurance + PST, Canadian compounding, and stress-test affordability—estimates only.

Change a field—results update on the right on desktop, or below on your phone (tap Results at bottom-left to jump there).

Purchase & loan

Purchase price

Minimum down payment — Ontario / Canada rules by price tier

Down payment ($) Down payment (% of price)

Note: if this is at least 20%, you do not have to pay mortgage insurance.

Interest rate (contract, %)

Amortization

Payment frequency

Location & rebates

City of Toronto (extra MLTT) First-time buyer rebates

Taxes & fees (for stress test)

Property tax / year

Condo fees / mo

Heat / mo

Closing (estimates)

Legal

Title insurance

Inspection Appraisal

Optional Non-traditional down payment (CMHC surcharge on high LTV)

Monthly gross income

Monthly other debts

Affordability uses GDS 39% / TDS 44% and the stress payment; condo fees at 50%.

Results

Contract payment (your rate) —

Cash to close (estimate) —

Mortgage

Contract payment: —
Qualifying rate: —
Stress payment: —
Loan (before insurance): —
LTV: —
CMHC/Mortgage Insurance rate: —
CMHC/Mortgage Insurance (financed): —
PST on insurance (8%): —
Total loan: —

Land transfer tax

Provincial (after rebate): —
Toronto (after rebate): —
Total LTT: —

Cash

Minimum down: —

Closing costs included in cash to close

Down payment (cash): —
Legal fees: —
Title insurance: —
Inspection: —
Appraisal: —
Land transfer tax (total): —
PST on default insurance (8%): —
Estimated cash to close: —

Excludes adjustments, builder charges, and lender fees. Default insurance premium is financed in the mortgage (not shown here); Ontario PST on that premium is paid at closing.

Disclaimer: Illustration only—not a commitment to lend or legal advice. LTT rebates, Toronto high-value rules, insurer premiums, and OSFI floors change; confirm with your lawyer and lender. Ontario LTT brackets. HST on new builds not included.

Calculator inputs and results