October 8, 2024
October 8, 2024
 

Mortgage Payment Calculator

Please fill in the following fields, and click the Calculate button to calculate the mortgage payment.
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Semi-Monthly
Bi-Weekly
Weekly

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

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

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