Home Listings Neighbourhoods Buyer Guide About Contact
Ontario Mortgage Calculator

How Much Will Your
Mortgage Cost?

Get an accurate estimate of your monthly payment using Canada's semi-annual compounding formula — the same method Canadian lenders use. Includes CMHC insurance and Land Transfer Tax.

Monthly Payment Calculator

Canadian semi-annual compounding · CMHC included

Estimated Monthly Payment
$—
—Loan Amount
—Total Interest
—Total Cost
⚠️ CMHC mortgage insurance applies — down payment is under 20%. Premium is added to your mortgage balance.
Home Price
$
Down Payment —
$
Down Payment %
Loan Details
Interest Rate
%
Amortization
Payment Frequency
Mortgage Type
Estimates only. Uses Canadian semi-annual compounding formula as required by the Interest Act. Does not include property taxes, home insurance, condo fees, or utilities. HST rebate estimates assume purchase agreement signed April 1, 2026 – March 31, 2027; subject to federal legislation passage and full eligibility confirmation. Consult a mortgage professional and tax advisor for personalized advice.

Ontario Land Transfer Tax

Calculated automatically based on your purchase price and location. First-time buyers receive a rebate of up to $4,000 (provincial) and up to $4,475 (Toronto).

🏛️ Provincial LTT
$—
Ontario Land Transfer Tax
💰 Total LTT
$—
Due on closing day
📊 Current Rate Guide
5-yr fixed (avg)~4.8 – 5.4%
5-yr variable (avg)~5.2 – 5.9%
3-yr fixed (avg)~4.6 – 5.2%
Stress test rateContract + 2% or 5.25%

Rates are approximate. Get a rate hold from your lender or broker to lock in for 90–120 days.

🏦 CMHC Premium Rates
5% – 9.99% down4.00% of mortgage
10% – 14.99% down3.10% of mortgage
15% – 19.99% down2.80% of mortgage
20%+ downNo CMHC required
Max insured price$1,500,000

⚠️ Minimum down: 5% on first $500K + 10% on every dollar above $500K, up to $1.5M.

🆕 Ontario HST Rebate 2026
New homes ≤ $1MFull 13% — up to $130K
$1M – $1.5MFlat $130,000 rebate
$1.5M – $1.85MPartial rebate (tapers)
Above $1.85M$24,000 rebate
Who qualifiesAll buyers (not FTB only)
Agreement windowApr 1, 2026 – Mar 31, 2027

Buy new from a builder. Agreement signed Apr 1/26–Mar 31/27. Construction start by Dec 31/28; completion by Dec 31/31.

💡 First-Time Buyer Programs
FHSA$40K lifetime
RRSP HBP$60K/person
Ontario LTT rebateUp to $4,000
Toronto LTT rebateUp to $4,475
30-yr amortizationAvailable FTB
Full Buyer Guide →
Ready to Get Started?

Let's Find Your Home

I'll connect you with the right mortgage professional and help you find a home that fits your budget.

Book a Free Chat → Browse Listings
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. Used under license.