SOCIAL REAL ESTATE GROUP / BUYER RESOURCES

Know the payment.
Know the closing costs.

Estimate your Canadian mortgage payment, Ontario land transfer tax and—if you’re buying within the City of Toronto—municipal land transfer tax. See how eligible first-time buyer rebates change your upfront costs.

Your purchase

Adjust the numbers to see your estimate update instantly. All amounts in Canadian dollars.

Home purchase price ($)

Down payment ($)

Annual interest rate (%)

Amortization

Property location

Property type (for high-value tax brackets)

I qualify for the first-time homebuyer land transfer tax rebates.

Ontario: up to $4,000. Toronto: an additional rebate of up to $4,475. Actual eligibility and partial-ownership rules must be confirmed by your real estate lawyer.

Other estimated closing expenses ($, optional)

For budgeting legal fees, inspections, title costs and similar expenses. This amount is illustrative and excludes adjustments and other special taxes.

This is a newly built home (relevant to 30-year insured mortgages).

Some insured mortgages allow 30-year amortization for qualifying first-time buyers or new builds. Your lender confirms eligibility.

YOUR ESTIMATED NUMBERS

Monthly mortgage payment

—

Principal + interest, including financed mortgage-default insurance if required. Not property taxes, utilities or condo fees.

Purchase price—

Down payment—

Mortgage before insurance—

Est. mortgage insurance premium (financed)—

Total mortgage—

Land transfer taxes

Ontario provincial tax—

Ontario first-time buyer rebate—

Toronto municipal tax—

Toronto first-time buyer rebate—

Total estimated rebates—

Land transfer tax payable—

Estimated cash required at closing

Down payment—

Net land transfer tax—

Ontario sales tax on mortgage insurance (8%)—

Other estimated closing expenses—

Estimated total cash—

Budgeting estimate before deposit credits, prepaid adjustments, property-specific fees, or HST on new homes. Your lawyer and lender will confirm exact figures.

Numbers are the start. Strategy is what matters.

Let’s talk about what makes sense for your budget, your neighbourhood and your next move.

Talk to Social ↗

How this calculator works: Ontario tax uses graduated residential land transfer rates. Toronto municipal tax is added only for purchases in the City of Toronto; for qualifying one- or two-residence properties, its higher rates effective April 1, 2026 are included. First-time buyer rebates are capped at the lower of actual tax or $4,000 provincially and $4,475 municipally. Figures assume a qualifying 100% buyer interest.

Mortgage payments use the Canadian fixed-mortgage convention of semi-annual compounding and monthly payments. Default-insurance premiums shown are approximate CMHC standard owner-occupied rates and assumed to be added to the mortgage, with 0.20% surcharge for 30-year insured amortization. The Ontario 8% sales tax on insurance is payable in cash. This tool does not provide a mortgage approval or account for special financing terms, non-resident speculation taxes, new-build HST or exemptions.

Sources: Ontario land transfer tax rates · Ontario first-time buyer refunds · Toronto municipal rates · Toronto rebates · CMHC premiums.

Reviewed November 2026. Educational estimates only; rules can change. Obtain personalized mortgage, legal and tax advice before making a purchase.

Explore

Services

Contact