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These regulatory settings affect all calculator results. Values are saved locally in your browser. If government policies change, update them here. Always verify with a mortgage professional.
Stress Test
Rate BufferAdded to contract rate for qualifying
%
Minimum Qualifying RateFloor rate even if buffer is lower
%
Qualification Ratios
GDS LimitGross Debt Service maximum
%
TDS LimitTotal Debt Service maximum
%
Minimum Down Payment
Up to $500KPercentage for first bracket
%
$500K to $1MPercentage for second bracket
%
Above $1MPercentage for third bracket
%
Bracket 1 ThresholdPrice where bracket 2 begins
$
Bracket 2 ThresholdPrice where bracket 3 begins
$
CMHC Mortgage Insurance Premiums
Land Transfer Tax — First-Time Buyer Rebates
Ontario RebateMax first-time buyer rebate
$
Toronto RebateAdditional Toronto rebate
$
Last updated: —
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Free Canadian Mortgage & Real Estate Calculators

13 professional Canadian mortgage & real estate tools with instant PDF reports — all free, no signup required

13
Calculators
PDF
Reports
100%
Free
Most Popular
Affordability Calculator
How much home can you afford? Enter your income, down payment, debts and see your maximum affordable price with Afford Score and GDS/TDS qualification checks.
Open Calculator
Mortgage Payment Calculator
Calculate your monthly mortgage payment with full amortization schedule. Compare weekly, bi-weekly and monthly payment frequencies.
Open Calculator
Purchase Cost Calculator
Estimate your total monthly housing costs including mortgage, property tax, heating and condo fees with GDS/TDS ratio validation.
Open Calculator
Maximum Mortgage Calculator
Find the maximum mortgage you qualify for based on your income, debts and housing expenses. Includes stress test qualifying rate.
Open Calculator
Required Income Calculator
Determine the minimum household income needed to qualify for your target property at current rates and amortization.
Open Calculator
Mortgage Renewal Calculator
Compare your current mortgage rate with renewal options. See monthly savings and total interest saved over the remaining amortization.
Open Calculator
Compare Mortgage Scenarios
Compare up to 3 lenders side by side. Name each bank or broker, set custom rates, terms and amortization periods to find the best deal.
Open Calculator
Land Transfer Tax Calculator
Calculate Ontario and Toronto land transfer tax with first-time home buyer rebates. See the full progressive rate breakdown.
Open Calculator
Closing Costs Calculator
Estimate all closing costs including land transfer tax, CMHC, legal fees, title insurance and customizable ancillary items.
Open Calculator
New 2026
Ontario HST Rebate Calculator
Calculate the new $130K HST rebate for pre-construction homes. Compare expanded new rules vs. existing rebate framework side by side.
Open Calculator
New
Down Payment Comparison Calculator
Compare 5%, 10%, 15% and 20% down payments side by side. See how much you save on mortgage insurance, monthly payments and total interest. Should you buy now or wait and save?
Open Calculator
New
Buy vs Rent Calculator
Compare the total cost of buying a home versus renting over any time period. See when buying breaks even and how much equity you build. Make an informed decision with a clear side-by-side comparison.
Open Calculator
Affordability Calculator
Property Lookup (Optional)
Listing ID (MLS#), Address, or Postal Code
Enter a Listing ID, street address, or postal code to auto-fill property details
Property Address (Manual)
Asking Price$0
Enter the listing or asking price to compare with affordability
Subject Property
No Property Selected
Use the Property Lookup above or enter an asking price to see a detailed comparison.
Your Financial Details
Annual Household Income$120,000
Combined before-tax income for all applicants
Down Payment$60,000
13% of max price (min $22,913)
Rate Type
Fixed Rate4.84%
Mortgage Term
Term is your rate lock period; amortization is total payoff time
Amortization30 years
Monthly Debts$500/mo
Car loans, credit cards, student loans
Annual Property Tax
$
Monthly Heating
$
Monthly Condo Fees
$
You Can Afford a Home Up To
$458,264
$2,212/mo
Your Afford Score
AggressiveStretchingAffordable
62
Stretching
Qualification Check
GDS Ratio26.7% / 32%
PASS
TDS Ratio31.7% / 40%
PASS
CMHC Insurance
$20,909
Monthly Payment Breakdown
Mortgage P&I
$2,212/mo
Property Tax
$333/mo
Heating
$120/mo
Total Monthly Housing
$2,665/mo
Affordability Coach
💡Increase down payment to $91,653to eliminate $20,909 CMHC insurance and lower your monthly payment.
💡Pay down existing debts— reducing your $500/mo obligations will improve your TDS ratio and qualify for a higher price.
Mortgage Payment Calculator
Mortgage Details
Property Price$500,000
Down Payment$25,000
5.0% — CMHC insurance required
Rate Type
Fixed Rate4.84%
Mortgage Term
Term is your rate lock period; amortization is total payoff time
Amortization30 years
Payment Frequency
Monthly Payment (Fixed, 4.85%)
$2,625/mo
Monthly stress test at 6.85%: $3,299/mo
Mortgage Amount
$503,500
Down Payment
$25,000
CMHC Insurance
$28,500
Interest Over Term
$114,669
5-yr term
Balance at Renewal
$460,663
after 5-yr term
Total Interest (Full)
$441,537
Total Cost
$970,037
Fixed vs Variable Rate Comparison
Metric Fixed (4.85%) Variable (5.51%)
Monthly Payment$2,625/mo$2,820/mo
Interest Over 5-yr term$114,669$130,443
Balance at Renewal$460,663$464,765
Total Interest (Full 30yr)$441,537$511,567
Interest Difference (5-yr term)$15,774
Fixed rate saves you $15,774 in interest over the 5-yr term
Cost Breakdown
Principal
$475,000
Interest
$441,537
CMHC Premium
$28,500
Total Over Amortization
$998,537
Schedule Settings
Payment Start DateJun 13, 2026
Choose your first payment date (or today's date as default). Schedules below are calculated from this date.
Term Schedule 5-yr term | Monthly Payment | $503,500 mortgage
#DatePaymentInterestPrincipalBalance
12026-06-13$2,625$1,991$634$502,866
22026-07-13$2,625$1,989$637$502,229
32026-08-13$2,625$1,986$639$501,590
42026-09-13$2,625$1,984$642$500,949
52026-10-13$2,625$1,981$644$500,305
62026-11-13$2,625$1,978$647$499,658
72026-12-13$2,625$1,976$649$499,009
82027-01-13$2,625$1,973$652$498,357
92027-02-13$2,625$1,971$654$497,703
102027-03-13$2,625$1,968$657$497,046
112027-04-13$2,625$1,966$660$496,386
122027-05-13$2,625$1,963$662$495,724
132027-06-13$2,625$1,960$665$495,059
142027-07-13$2,625$1,958$667$494,392
152027-08-13$2,625$1,955$670$493,722
162027-09-13$2,625$1,952$673$493,049
172027-10-13$2,625$1,950$675$492,374
182027-11-13$2,625$1,947$678$491,696
192027-12-13$2,625$1,944$681$491,015
202028-01-13$2,625$1,942$683$490,332
212028-02-13$2,625$1,939$686$489,646
222028-03-13$2,625$1,936$689$488,957
232028-04-13$2,625$1,934$692$488,266
242028-05-13$2,625$1,931$694$487,571
252028-06-13$2,625$1,928$697$486,874
262028-07-13$2,625$1,925$700$486,175
272028-08-13$2,625$1,923$703$485,472
282028-09-13$2,625$1,920$705$484,767
292028-10-13$2,625$1,917$708$484,059
302028-11-13$2,625$1,914$711$483,348
312028-12-13$2,625$1,911$714$482,634
322029-01-13$2,625$1,909$717$481,918
332029-02-13$2,625$1,906$719$481,198
342029-03-13$2,625$1,903$722$480,476
352029-04-13$2,625$1,900$725$479,751
362029-05-13$2,625$1,897$728$479,023
372029-06-13$2,625$1,894$731$478,292
382029-07-13$2,625$1,891$734$477,559
392029-08-13$2,625$1,889$737$476,822
402029-09-13$2,625$1,886$740$476,083
412029-10-13$2,625$1,883$742$475,340
422029-11-13$2,625$1,880$745$474,595
432029-12-13$2,625$1,877$748$473,846
442030-01-13$2,625$1,874$751$473,095
452030-02-13$2,625$1,871$754$472,341
462030-03-13$2,625$1,868$757$471,584
472030-04-13$2,625$1,865$760$470,823
482030-05-13$2,625$1,862$763$470,060
492030-06-13$2,625$1,859$766$469,294
502030-07-13$2,625$1,856$769$468,525
512030-08-13$2,625$1,853$772$467,752
522030-09-13$2,625$1,850$775$466,977
532030-10-13$2,625$1,847$778$466,199
542030-11-13$2,625$1,844$782$465,417
552030-12-13$2,625$1,840$785$464,632
562031-01-13$2,625$1,837$788$463,845
572031-02-13$2,625$1,834$791$463,054
582031-03-13$2,625$1,831$794$462,260
592031-04-13$2,625$1,828$797$461,463
602031-05-13$2,625$1,825$800$460,663
TOTAL$157,506$114,669$42,837
Full Amortization Schedule 30 years | Monthly Payment | $503,500 mortgage
#DatePaymentInterestPrincipalBalance
Purchase Calculator
Purchase Details
Purchase Price$600,000
Down Payment$30,000
Min down: $20,000
Rate Type
Fixed Rate4.84%
Mortgage Term
Term is your rate lock period; amortization is total payoff time
Amortization30 years
Monthly Property Tax
$
Monthly Heating
$
Monthly Condo Fees
$
Monthly Debts
$
Annual Household Income
$
Total Monthly Cost
$3,658/mo
Mortgage P&I: $3,188/mo
Down Payment %
5.0%
CMHC Insurance
$34,200
Mortgage Amount
$604,200
Min Down Payment
$35,000
Monthly Breakdown
Mortgage P&I
$3,188/mo
Property Tax
$350/mo
Heating
$120/mo
Total Monthly
$3,658/mo
Qualification Check
GDS Ratio36.6% / 32%
FAIL
TDS Ratio41.6% / 40%
FAIL
Maximum Mortgage Calculator
Income & Expenses
Annual Household Income$120,000
Monthly Debts$500/mo
Monthly Property Tax$333/mo
Monthly Heating$120/mo
Monthly Condo Fees$0/mo
Interest Rate4.84%
Mortgage Term
Rate lock period before renewal
Amortization30 years
Maximum Mortgage Amount
$420,444
Monthly P&I at 4.85%: $2,219/mo
GDS Ratio
26.6%
max 32%
TDS Ratio
31.6%
max 40%
Qualifying Rate
6.85%
Required Income Calculator
Target Property
Property Price$600,000
Down Payment$30,000
Mortgage Rate4.84%
Mortgage Term
Rate lock period before renewal
Amortization30 years
Monthly Property Tax
$
Monthly Heating
$
Monthly Condo Fees
$
Other Monthly Debts
$
Minimum Required Income
$166,090
or $13,841/mo
Mortgage Amount
$604,200
Monthly P&I
$3,959/mo
Monthly Housing Cost
$4,429/mo
Qualifying Rate
6.85%
Mortgage Renewal Calculator
Current Mortgage
Current Balance Remaining$350,000
Current Rate5.24%
Remaining Amortization20 years
New Rate Options
New Rate Type
New Fixed Rate3.99%
New Term
Your new rate lock period at renewal
Monthly Savings at Renewal
$238/mo
$350,000 at 5.25% vs 4.00% Fixed (5-yr term)
Current Payment
$2,358/mo
New Payment
$2,121/mo
Monthly Savings
- $238/mo
Interest Over New Term
$63,989
5-yr term
Balance at Next Renewal
$286,733
after 5-yr term
Comparison
Current — Interest Over Term
$84,892
New — Interest Over Term
$63,989
Interest Savings
- $20,903
Compare Mortgage Scenarios
Common Settings
Property Price$600,000
Down Payment$120,000
Lowest Payment
Scenario A
Rate Type
Rate4.49%
Term
Amortization30 years
Monthly P&I
$2,432/mo
Interest Over Term
$103,483
Balance at Renewal
$437,558
Total Interest
$395,552
Total Cost
$995,552
Scenario B
Rate Type
Rate4.84%
Term
Amortization30 years
Monthly P&I
$2,533/mo
Interest Over Term
$111,807
Balance at Renewal
$439,832
Total Interest
$431,851
Total Cost
$1,031,851
Scenario C
Rate Type
Rate5.29%
Term
Amortization30 years
Monthly P&I
$2,665/mo
Interest Over Term
$122,548
Balance at Renewal
$442,620
Total Interest
$479,566
Total Cost
$1,079,566
Land Transfer Tax Calculator — Ontario & Toronto
Property Details
Purchase Price$800,000
Total Land Transfer Tax
$12,475
No rebates applied
Ontario LTT
$12,475
Toronto LTT (MBTT)
$0
First-Time Rebate
$0
Ontario LTT Rates
First $55,000
0.5%
$55,001 — $250,000
1.0%
$250,001 — $400,000
1.5%
$400,001 — $2,000,000
2.0%
Over $2,000,000
2.5%
Closing Costs Calculator
Purchase Details
Purchase Price$600,000
Down Payment$60,000
Ancillary Costs

Ancillary costs are additional costs that are often overlooked. Home buyers are usually surprised at how much their closing costs sum up to. Toggle items on/off and edit amounts to customize your estimate.

Appraisal
A professional assessment of the property's market value. Lenders typically require this to verify the home's worth before approving financing. Approximately $300 - $500.
Home Inspection
Accredited home inspectors will examine the property to ensure it is up to code and that everything functions properly. Approximately $200 - $500.
Title Insurance
Protects property owners and lenders against losses related to title disputes, forgery, fraud, unpaid utilities, taxes, or zoning violations. Typical cost is $350 - $400. Your lender may require it.
Final Adjustments
Any expenses the seller needs to be reimbursed for after closing (maintenance fees, heat, property tax prepayments, etc.). Approximately $0 - $10,000+.
Moving Costs
The cost of moving furniture and belongings to the new property. Depending on the size of your home and distance, approximately $350 - $5,000.
Lender Fee
The fee that a lender may charge for providing financing. This varies by lender and loan type.
Brokerage Fee
The fee that a brokerage may charge for their services in obtaining financing.
Estimated Total Closing Costs
$39,875
Total cash needed: $99,875 (down payment + closing costs)
Cost Breakdown
Land Transfer Tax
$8,475
Total Closing Costs
$39,875
Toronto LTT (MBTT)
$0
Total Closing Costs
$39,875
First-Time Buyer Rebate
$0
Total Closing Costs
$39,875
CMHC Mortgage Insurance
$28,350
Total Closing Costs
$39,875
Appraisal
$350
Total Closing Costs
$39,875
Home Inspection
$500
Total Closing Costs
$39,875
Title Insurance
$400
Total Closing Costs
$39,875
Legal Fees
$1,800
Ontario New Home HST Rebate Calculator
Property Details
Purchase Price (incl. HST)$700,000
Total price including HST from your Agreement of Purchase and Sale
Select Rebate Regime
Rebate Tiers (Proposed New Rules)
Up to $1,000,000
Full 13% (Max $130K)
$1,000,001 - $1,500,000
$130K to ~$97K
$1,500,001 - $1,850,000
~$97K to $24K
Over $1,850,000
$24,000 (Base Only)
Full HST Removal - Homes up to $1,000,000
Purchase price at or below $1,000,000. Full 13% HST rebated. Maximum rebate $130,000. All buyers qualify - not limited to first-time buyers.
Total HST Rebate (New Expanded Rules)
$80,531
Base price: $619,469 | Total HST: $80,531
Builder's Base Price
$619,469
Pre-HST amount
Total HST (13%)
$80,531
Before rebate
Federal Rebate (5%)
$30,973
Ontario Rebate (8%)
$49,558
HST You Actually Pay
$0
New vs. Existing Rules Comparison
Rebate (New Rules)$80,531
Rebate (Existing Rules)$24,000
Your Extra Savings+$56,531
HST Rebate Tips
💡Extra SavingsUnder the new expanded rules, you save an additional $56,531 compared to the existing rebate framework. This is a one-year opportunity.
💡Full HST RemovalHomes at or below $1,000,000 receive the complete 13% HST rebate. The rebate can be assigned to your builder at closing, reducing your upfront cost.
💡Builder AssignmentThe rebate can be assigned directly to your builder at the point of sale. You do not need to pay the full HST upfront and wait for a refund.
💡Program WindowThe expanded rebate applies to purchase agreements signed between April 1, 2026 and March 31, 2027. Construction must begin by December 31, 2028 and be substantially completed by December 31, 2031.
💡All Buyers QualifyUnlike earlier programs limited to first-time buyers, this expanded rebate is available to all eligible buyers regardless of ownership history.
💡Rental PropertiesThe rebate also extends to residential rental properties. Construction must have begun before March 31, 2026, and the home must be substantially completed by December 31, 2029.
Down Payment Comparison Calculator
Property & Financing Details
Home Price$600,000
Mortgage Rate4.99%
Amortization25 years
Monthly Savings Rate4.5%
If you saved instead, your investment return rate
Monthly Savings Amount$1,000/mo
Recommended Down Payment
20% Down Payment
Saves you $127,818 vs 5% over 25 years
5% Down Payment
Down Payment$30,000
CMHC Insurance$34,200
Mortgage Amount$604,200
Monthly Payment$3,532/mo
Total Interest$455,428
Total Cost$1,089,628
10% Down Payment
Down Payment$60,000
CMHC Insurance$28,350
Mortgage Amount$568,350
Monthly Payment$3,323/mo
Total Interest$428,405
Total Cost$1,056,755
15% Down Payment
Down Payment$90,000
CMHC Insurance$20,400
Mortgage Amount$530,400
Monthly Payment$3,101/mo
Total Interest$399,800
Total Cost$1,020,200
20% Down Payment Best
Down Payment$120,000
CMHC InsuranceNone
Mortgage Amount$480,000
Monthly Payment$2,806/mo
Total Interest$361,810
Total Cost$961,810
Should You Wait or Buy Now?
⏱
Months to Save for Each Level
5% → 10%: 30 months to save $30,000. Extra interest saved: $27,023.
10% → 15%: 30 months to save $30,000. Extra interest saved: $28,606.
15% → 20%: 30 months to save $30,000. Extra interest saved: $37,990.
💡
Recommendation
A higher down payment reduces CMHC insurance and monthly payments, but the opportunity cost of waiting should be considered. If home prices rise faster than your savings rate, buying sooner may be better.
Buy vs Rent Calculator
Property Details
Home Price$600,000
Down Payment %20%
Mortgage Rate4.99%
Amortization25 years
Renting Details
Monthly Rent$2,500/mo
Annual Rent Increase2.0%
Ownership Costs & Assumptions
Property Tax / Year$3,500/yr
Home Insurance / Year$1,200/yr
Maintenance / Year$3,000/yr
Home Appreciation / Year3.5%
Investment Return (on savings)6.0%
Comparison Period10 years
After 10 Years
Renting Saves You $83,920
After 10 years, renting costs less by $83,920
Buying Net Position$-42,202
Renting Net Position$41,718
Difference−$83,920
Break-Even Year
Year 20
Home Value
$846,359
Equity Built
$491,522
Total Rent Paid
$328,492
Investment Value
$370,210
Monthly Difference
+$948/mo
Break-Even Timeline
Year 1Year 25
Detailed Comparison
MetricBuyingRenting
Down Payment$120,000—
CMHC InsuranceNone—
Monthly Mortgage$2,806/mo—
Monthly Property Tax$292/mo—
Monthly Insurance$100/mo—
Monthly Maintenance$250/mo—
Total Monthly Cost$3,448/mo$2,988/mo
Total Paid After 10yrs$533,724$328,492
Home / Invested Value$846,359$370,210
Equity / Net Invest$491,522$41,718
Net Position−$42,202$41,718
Buy vs Rent Insights
💡
Renting Wins (so far): After 10 years, renting saves you $83,920. However, buying typically wins over longer periods due to equity accumulation.
💡
Break-Even in Year 20: This is when buying becomes more advantageous than renting given your assumptions. The longer you stay, the more equity you build.
💡
Assumptions Matter: Small changes in appreciation rate or investment return can significantly shift the outcome. Consider a range of scenarios before deciding.
Net Proceeds Calculator
Sale Details
Sale Price$800,000
Outstanding Mortgage Balance$400,000
The remaining amount owed on your mortgage at the time of sale
Mortgage Penalty$0
Interest rate differential (IRD) or 3-month interest penalty for breaking your mortgage early
Realtor Commission
Commission Rate
%
$40,000
Typical commission in Ontario is 5% (split between listing and buyer agents). Adjust to your agreed rate.
HST on Commission$5,200
13% HST is charged on realtor commission in Ontario. Auto-calculated.
Additional Selling Costs

Common costs when selling a property. Toggle items on/off and edit amounts to customize your estimate.

Estimated Net Proceeds
$349,000
You keep 43.6% of the sale price
Proceeds as % of Sale Price43.6%
Sale Price
$800,000
Total Deductions
$451,000
Net to You
$349,000
Cost Breakdown
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