Calculators

1. Land Transfer Tax Calculator

Purchase Price: $
You are a first time home buyer ?
You are purchasing a property located in Toronto ?
 
 
Total Land Transfer Tax: $
 

Ontario Land Transfer Tax Explained

Ontario Land Transfer Tax

0.5% - on the first $55,000
1.0% - on portion between $55,000 - $250,000
1.5% - on balance over $250,000
2.0% - on anything over $400,000
Qualifying first time buyers receive a $2000 credit

Toronto Land Transfer Tax

0.5% - on the first $55,000
1.0% - on portion between $55,000 - $400,000
2.0% - on anything over $400,000
First time buyers are exempt on the first $400,000

2. Mortgage Calculator

Asking Price:$ Taxes:$ / year
Interest Rate: % Condo Fees:$ / year
Amortization:
 
 
Down Payment: $ $ $
Percent Down:      
First Mortgage: $ $ $
CMHC / GE Premium: $ $ $
Total Financing: $ $ $
Monthly Mortgage Payment: $ $ $
Taxes / Fees: $ $ $
Total Payment: $ $ $
Income Required: $ $ $

3. CMHC Calculator

Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. Established as a government-owned corporation in 1946 to address Canada's post-war housing shortage, the agency has grown into a major national institution. CMHC is Canada's premier provider of mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. More about CMHC can be found at http://www.cmhc.ca

Note: HST is due the date of closing and is not rolled into a mortgage.

Purchase Price:$
Downpayment:$
 
 
Total CMHC: $
Total HST: $

Mortgage Insurance Premiums Explained

The CMHC Mortgage Loan Insurance premium is calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums.

Loan-to-Value Premium on Total Loan Premium on Increase to Loan Amount for Portability and Refinance
Standard Premium Self-Employed without 3rd Party Income Validation Standard Premium Self-Employed without 3rd Party Income Validation**
Up to and including 65% 0.50% 0.80% 0.50% 1.50%
Up to and including 75% 0.65% 1.00% 2.25% 2.60%
Up to and including 80% 1.00% 1.64% 2.75% 3.85%
Up to and including 85% 1.75% 2.90% 3.50% 5.50%
Up to and including 90% 2.00% 4.75% 4.25% 7.00%*
Up to and including 95% 2.75% N/A 4.25%* *
90.01% to 95% —
Non-Traditional Down Payment***
2.90% N/A * N/A
Extended Amortization Surcharges
Greater than 25 years, up to and including 30 years: 0.20%