Mortgage Payment Calculator

Please fill in the following fields, and click the Calculate button to calculate the mortgage payment.
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How Much You Can Borrow

This mortgage calculation provided is for information only. The accuracy is not guaranteed. It should not be relied upon as legal, financial, or other advice.

How Much You Can Borrow

Please fill in the following fields, and click the Calculate button to calculate how much you can borrow.
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Mortgage Payment Calculator

This mortgage calculation provided is for information only. The accuracy is not guaranteed. It should not be relied upon as legal, financial, or other advice.

Land Transfer Tax of Buying a Home (Ontario)

Please fill in the following fields, and click the Calculate button to calculate Land Transfer Tax.
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  • Calculating Land Transfer Tax(Ontario, Toronto)
  • Ontario and the city of Toronto offer land transfer tax rebates for first-time home buyers (Ontario, Toronto)

CMHC Default Insurance (CMHC Mortgage Loan Insurance)

CMHC default insurance is required for every mortgage with a down payment between 5% and 19.99%. It is an insurance product that protects lenders in case the home owner defaults on their mortgage.

For CMHC-insured mortgage loans, the maximum purchase price or as-improved property value must be below $1,000,000.
Please note that CMHC default insurance rates for self-employed, non-verified income, portability and refinance will be higher.

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Years (Maximum 25 Years)
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CMHC default insurance rates