Mortgage Calculator

Built on real Canadian semi-annual-compounding mortgage math — not the simplified US formula most online calculators use.

Home price

Down payment ($)

Down payment (%)

Interest rate (%, annual)

Example rate — enter your own quoted rate for accuracy.

Amortization

Payment frequency

City / area

First-time home buyer (for land transfer tax rebates)

Monthly carrying cost

Mortgage payment (Monthly)$4,525

≈ monthly principal & interest$4,525

Est. property tax (0.75% in Toronto)$597/mo

Total monthly carrying cost$5,122

Amortization summary

Time to pay off25.0 years

Total interest paid$597,381

Total paid over the loan$1,357,381

Estimated closing cost: Land Transfer Tax

Toronto properties owe both the provincial and Toronto municipal land transfer tax.

Ontario provincial LTT$15,475

Toronto municipal LTT$15,475

Total estimated LTT$30,950

All figures are estimates for planning purposes only — property tax rates, insurance premiums, and land transfer tax rules change over time. Confirm exact numbers with a mortgage professional, lawyer, and the relevant municipality before making decisions.