Mortgage & land transfer tax calculator
Payments use Canadian semi-annual compounding. Land transfer tax covers Ontario and, optionally, the City of Toronto.
Estimated monthly payment
$3,764
- Down payment
- $170,000 (20.0%)
- CMHC insurance
- Not required
- Mortgage amount
- $680,000
- Interest over amortization
- $449,085
- Ontario land transfer tax
- $13,475
- Toronto land transfer tax
- $13,475
- Cash needed at closing*
- $196,950
*Down payment plus land transfer tax. Add legal fees, title insurance and adjustments (typically 1.5% to 2%). Estimates only; confirm with your lender and lawyer. Pre-construction purchases may also carry development charges and HST adjustments on closing.
Want real numbers for a real property?
Dinesh can connect you with mortgage brokers and walk you through closing costs on pre-construction.