MORTGAGE CALCULATOR
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Land Transfer Tax Calculator
Ontario & Toronto LTT · Example rates · First-time buyer rebates included
Estimates only. Rates are examples only. Always verify with your real estate lawyer before closing. Additional taxes (foreign buyer surcharge, speculation tax) may apply.
Mortgage Help
Down Payment
In Canada, the minimum down payment is 5% on the first $500,000, 10% on the portion from $500,000 up to $1.5 million, and 20% for $1.5 million and above. Mortgage default insurance through CMHC or another approved insurer is required when your down payment is under 20%. A larger down payment reduces the total amount of your mortgage loan and may lower your payments.
Loan Term
Your mortgage term can affect your interest rate and monthly payments. Choose from the available fixed-rate terms in the calculator.
Loan Type
There are several types of Canadian mortgages, including fixed-rate and variable-rate options. Fixed-rate mortgages keep the same interest rate for the selected term, helping make payments predictable. Variable-rate mortgages can change as market conditions change. Speak with a qualified mortgage professional about the option that fits your situation.
Interest Rate
The rate shown is an example only. Your actual rate will vary based on factors such as credit score, down payment, mortgage type, and lender. Contact Will for current rates.
Property Tax Rate
The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.
Home Insurance
Home insurance is typically required by lenders. You can edit this number in the mortgage calculator advanced options.
Condo Fees
Condo or maintenance fees are monthly costs that may apply to condominium or other managed properties. Enter an estimate in the calculator when applicable.