Tools · Ontario Buyers
Home Buyer Calculator.
Estimate your true cost of buying — mortgage payment, CMHC insurance, Ontario land transfer tax, monthly carrying costs, and total cash needed at closing.
Purchase Price
$
Amortization
⚠ Max 25 yrs if CMHC insured (down payment under 20%)
5-yr Fixed Rate
4.00
%
Down Payment
Down Payment
$75,000
10.0% of price
CMHC Insurance
$20,925
Added to mortgage
Total Mortgage
$695,925
Principal borrowed
Estimated Monthly Mortgage Payment
$3,324
30 yr amortization · 4.00% rate · $695,925 principal
🏠 Mortgage P&I
$3,324
🏛 Property Tax
~0.55% of price ÷ 12
$344
⚡ Hydro
Estimate
$120
🔥 Heat
Estimate
$120
💧 Water
Estimate
$120
📡 Internet
Estimate
$60
🛡 Home Insurance
Estimate
$80
Total Monthly Housing
All-in estimate
$4,288
Down Payment
10.0% of purchase price
$75,000
Ontario Land Transfer Tax
$8,475
Toronto Municipal LTT
Toronto only
—
First-Time Buyer Rebate
If applicable
−$4,000
Legal Fees & Title Insurance
Includes title search & disbursements
$3,000
Home Inspection
Recommended
$600
Moving Costs
Estimate
$2,000
Total Cash Required to Close
Down payment + all closing costs
$85,075
Total Paid over Term
$996,960
Total Interest
$301,035
Interest Portion
30.2%
Payment Composition
Stress test rate: ~6.00%
·
Min. income (GDS 32%): $160,818/yr
Want a personalized analysis?
Let's run real numbers for the home you're actually looking at — including local property tax rates and neighbourhood-specific carrying costs.
Estimates only. Not financial advice. Consult a mortgage broker and lawyer before making a purchase decision.