Closing Costs Calculator


Mortgage Payment and Closing Costs Calculator for property located in Ontario

Enter the Purchase Price
$
Enter your Downpayment
$
Enter the subject Property’s Monthly Property Tax
$
Enter Monthly Maintenance Fee ( if applicable )
$
Enter Monthly Rental Income of Property ( if applicable )
$
Enter the current INTEREST RATE
(for your selected mtg. term)
Enter Amortization in years
Your monthly mortgage payment
Your CMHC Insurance
Your Total Monthly Payment
Required YEARLY Combined Income of the Applicants


Closing costs
Land Transfer Tax
(Applies to all Ontario properties.)
Land Transfer Tax

(Applies to Toronto properties only.)

Estimated Legal and disbursement cost:

Estimated Title Insurence fee:

HST on CMHC premium (if applicable)

Your total closing costs:

Your total closing costs outside Toronto:

Your total closing costs for first time buyer in Ontario:

Land Transfer Tax Rebates: First Time Home Buyers

If you are a first time home buyer you are eligible for rebates for both Toronto and Provincial Land Transfer Tax Credit.

  • Municipal Land Transfer Tax Credit (TLTT): Maximum $4,475.00
  • Provincial Land Transfer Tax Credit (PLTT): Maximum $4,000.00