Tools & Resources
Ontario Mortgage
Calculator
Estimate your mortgage payments, land transfer tax, and CMHC premiums in seconds. Built for Greater Toronto Area buyers.
CMHC Premiums
Auto-calculated for down payments under 20%
Ontario LTT
With first-time buyer rebate
Amortization
15, 20, 25, or 30-year schedules
Payment Options
Monthly, bi-weekly, or weekly
How It Works
This calculator uses Canadian mortgage math — semi-annual compounding converted to your payment frequency — matching how Canadian lenders calculate payments.
Ontario LTT
Ontario Land Transfer Tax is payable on every home purchase. First-time buyers receive a rebate of up to $4,000. Toronto's additional municipal LTT does not apply in York or Durham Region.
CMHC Insurance
If your down payment is less than 20%, CMHC mortgage insurance is required (for homes under $1M). Premiums range from 2.80% to 4.00% of the insured amount and are added to your mortgage.
Disclaimer: All calculations are estimates for informational purposes only and do not constitute financial or mortgage advice. Actual mortgage payments, qualifying amounts, and closing costs may vary. Please consult a licensed mortgage professional. Abram Girgis, REALTOR® & Private Advisor — Century 21 — Leading Edge Realty Inc., Brokerage.