Run the numbers, then make a plan
Estimate your mortgage payment, how much home you could afford, and the land transfer tax you'd pay in Ontario and Toronto. When you're ready, book a free appointment and I'll turn these estimates into a real plan.
Monthly payment
$0
- Mortgage amount
- CMHC insurance premium
- Total mortgage
- Ontario PST on premium (paid at closing)
- Interest over the first 5 years
- Stress test rate / monthly payment
Your action plan
- Get pre-approved so you know your real rate and budget before you shop.
- Compare fixed and variable options across lenders, not just one bank.
- Plan your closing costs: land transfer tax, legal fees and PST on insurance.
You could afford a home up to about
$0
- Mortgage amount
- Down payment
- Monthly mortgage payment
- Qualifying (stress test) rate
- Debt ratios (GDS / TDS)
- What's limiting you
Your action plan
- Confirm this number with a pre-approval. Lenders look at more than income and debts.
- Ask how paying down a debt or adding a co-signer could raise your budget.
- Start your home search in the right price range, with financing ready.
Total land transfer tax
$0
- Ontario land transfer tax
- Ontario first-time buyer refund
- Toronto municipal land transfer tax
- Toronto first-time buyer rebate
Your action plan
- Budget for land transfer tax in cash. It can't be added to your mortgage.
- Set aside more for legal fees, title insurance, property tax adjustments and moving.
- Check that you qualify for first-time buyer rebates before you sign.
Estimates only. These calculators are for general information and are not a mortgage approval, rate offer or legal or tax advice. Your actual rate, payment and approval depend on lender criteria. Mortgage insurance premiums are based on CMHC's premium schedule; the stress test uses OSFI's minimum qualifying rate. Land transfer tax uses Ontario and City of Toronto rates for homes with one or two single-family residences, and does not include the Non-Resident Speculation Tax. Your lawyer will confirm the exact amount at closing.