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Ontario Mortgage Calculator — Thomas Team

Mortgage Calculator

Estimates for Ontario home buyers — includes CMHC, stress test & land transfer tax.

Property & down payment

$
$
20%

Mortgage terms

$
$
First-time buyer? Apply Ontario LTT rebate (up to $4,000)
Monthly payment
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Mortgage amount
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Total interest paid
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Principal vs. interest over time

Principal Interest
Year 1
Year 13
Year 25

Estimated closing costs

* LTT is calculated using Ontario's tiered rate schedule. Toronto buyers pay a second municipal LTT on top. First-time buyers in Ontario may receive a provincial rebate of up to $4,000 and Toronto first-time buyers an additional municipal rebate of up to $4,475.

Monthly budget snapshot

* Gross income guideline uses a 32% GDS (Gross Debt Service) ratio, a common lender benchmark in Canada. This is an estimate only — speak with a mortgage professional for personalized advice.

This calculator provides estimates for informational purposes only and does not constitute financial or mortgage advice.
Rates, taxes, and fees are subject to change. Contact Thomas Team for personalized guidance.