Ontario Calculator
Mortgage Calculator
Estimate your monthly mortgage payment for Ontario. Includes land transfer tax, CMHC insurance, and a full amortization schedule.
Mortgage Details
Home Price$800,000
$
$100K$3M
Down Payment$160,000 (20%)
$
5%50%
Interest Rate5.25%
1%12%
Amortization25 years
5 yrs30 yrs
First-Time BuyerOntario land transfer tax rebate (up to $4,000)
Include Property TaxEstimated ~1% of home value per year
Payment Breakdown
Monthly Payment
$3,873
Principal + Interest + Tax
Principal: $2,207
Interest: $1,000
Property Tax: $667
Mortgage Amount$640,000
CMHC Insurance$0
Ontario Land Transfer Tax$12,475
First-Time Buyer Rebate$0
Total Interest Paid$322,450
Total Cost of Home$1,162,450
| Year | Payment | Principal | Interest | Balance |
|---|
Ontario Land Transfer Tax
0.5% on first $55K, 1% on $55K–$250K, 1.5% on $250K–$400K, 2% on $400K–$2M, and 2.5% above $2M. First-time buyers get up to $4,000 rebate.
CMHC Insurance
Required when down payment is less than 20%. Ranges from 2.8% (15-19.99% down) to 4.0% (5-9.99% down). Added to your mortgage balance.
Property Tax Estimate
Ontario property taxes average ~1% of assessed value annually. Hamilton averages ~1.3%, Oakville ~0.8%, Niagara ~1.1%. Rates vary by municipality.