For buyers

What will it actually cost a month?

Most calculators quietly get the Canadian bits wrong. This one uses semi-annual compounding, the real minimum down-payment tiers, CMHC insurance where it applies, and Toronto's land transfer tax — so the number you see is the number you plan around.

Home price$1,100,000

Down payment$220,000 (20.0%)

Interest rate

Amortization

First-time buyer (applies land transfer tax rebates)

Estimated monthly payment

$5,013/mo

Principal & interest, 25-year amortization at 4.79%.

Mortgage before insurance$880,000

Total mortgage$880,000

Total interest over term$624,030

One-time land transfer tax (Toronto)

Ontario LTT$18,475

Toronto MLTT$18,475

Payable on closing$36,950

Get these numbers checked by a human

Estimates only — for planning, not a loan offer. Real rates depend on your lender, credit and the property. We'll connect you with a mortgage broker we trust.