Toronto Real Estate Calculators | Mortgage, LTT & Closing Costs | Own In Toronto
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Toronto Real Estate Tools

Toronto Real Estate
Calculators

Mortgage payments, land transfer tax, closing costs — all the numbers you need, instantly. Built specifically for the Toronto and GTA market.

Mortgage Payment Calculator

Calculate your monthly mortgage payment using Canadian semi-annual compounding — the way lenders actually calculate it.

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Canadian mortgage note: Canadian mortgages are compounded semi-annually, not monthly. This calculator applies the correct effective rate as required by the Interest Act.
Your Payment Breakdown
$4,258 Monthly Payment
Mortgage Amount$640,000
Down Payment$160,000 (20%)
Interest Rate5.50%
Amortization25 Years
Over the full amortization
Total Paid$1,277,400
Total Interest$637,400
Interest as % of mortgage99.6%
Tip: Increasing your payment frequency from monthly to bi-weekly can save thousands in interest and shave years off your amortization — without changing your rate.
Down Payment & CMHC Insurance Calculator

See the minimum down payment required at any purchase price, and calculate CMHC mortgage default insurance if your down payment is under 20%.

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Down Payment Summary
$4,259 Monthly Mortgage Payment
Purchase Price$750,000
Down Payment$75,000
Down Payment %10.0%
Base Mortgage$675,000
CMHC Mortgage Default Insurance
CMHC Premium Rate3.10%
CMHC Premium Amount$20,925
Total Insured Mortgage$695,925
Total Cash Needed (Down + CMHC Tax)$76,011
CMHC premium tax: The premium is added to your mortgage, but you'll owe 8% Ontario PST on it at closing — that's the only out-of-pocket portion. Properties over $999,999 require 20% down and are not eligible for CMHC insurance.
Land Transfer Tax Calculator

Ontario buyers pay provincial land transfer tax. Toronto buyers also pay a municipal land transfer tax on top. First-time buyers receive a partial rebate on both.

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No — GTA outside Toronto
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First-time buyer eligibility: You qualify if you have never owned a home anywhere in the world. All buyers on the transaction must be first-time buyers to receive the full rebate. The property must become your principal residence.
Land Transfer Tax Breakdown
Ontario LTT (gross)$12,475
Ontario LTT (net)$12,475
Total Land Transfer Tax$12,475
Your first-time buyer savings
Total rebates applied$0
Ontario LTT rates: 0.5% up to $55K · 1.0% to $250K · 1.5% to $400K · 2.0% to $2M · 2.5% above $2M. Toronto uses the same brackets except 1.0% applies up to $400K (no 1.5% bracket). Rebate amounts: Ontario max $4,000 · Toronto max $4,475.
Total Closing Costs Estimator

Estimate the full cash you'll need at closing — beyond your down payment. Includes land transfer tax, legal fees, and other typical expenses.

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No — GTA outside Toronto
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Yes (recommended)
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Estimated Closing Costs
Ontario LTT (net)$11,475
Other Closing Costs
Legal fees (title transfer + mortgage)$2,000
Title insurance$350
Home inspection$550
Property tax / utility adjustments$1,200
Moving costs (estimate)$1,500
Summary
Down Payment$160,000
Estimated Closing Costs$17,075
Total Cash Required$177,075
These are estimates. Legal fees, adjustments, and miscellaneous costs vary by transaction. Your real estate lawyer will provide exact figures before closing. Budget a buffer of 10–15% above these estimates for unexpected items.
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Questions About Your Numbers?

Let's sit down and walk through your specific situation — purchase price, closing costs, and what to realistically budget from start to finish.

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