Real Estate Elevated
Mortgage & Land Transfer Calculator
Payment and land transfer tax, estimated in a minute.
How to read this
The payment uses Canadian semi-annual compounding, the way lenders quote fixed rates. Mortgage default insurance (required below 20 percent down) is added to the mortgage balance at the standard premium tiers. The land transfer tax uses Ontario's provincial brackets; there is no municipal tax in Burlington, Oakville, Milton or Hamilton. The first-time buyer rebate is up to $4,000. Legal fees, title insurance, adjustments and moving are not included here; the closing costs calculator adds them up.
Estimates only. For an actual pre-approval, we can refer you to a mortgage broker, and for what the number means for your search, read the first-time buyer guide or send us a message.