Mortgage Calculator Hub

Understanding your mortgage before you commit is one of the smartest financial decisions you can make. Whether you are a first-time home buyer in Toronto, upgrading to a larger home in Mississauga, or refinancing your property in Ottawa, having accurate payment estimates helps you budget with confidence. Our Ontario mortgage calculator suite was built specifically for Canadian homebuyers, incorporating the federal stress test, CMHC insurance premiums for high-ratio mortgages, and provincial land transfer tax brackets that apply across cities like Brampton, Hamilton, Vaughan, Markham, and beyond.

The Purchase Calculator gives you the full picture -- from your monthly mortgage payment to estimated closing costs including land transfer tax, legal fees, and title insurance. It automatically calculates CMHC mortgage default insurance if your down payment is less than 20%, and applies the first-time home buyer land transfer tax rebate when applicable. For homeowners in Kitchener, London, Oshawa, or Burlington, this tool provides the Ontario-specific calculations you need to plan your purchase with precision.

Our Required Income Calculator is essential for anyone wondering whether they qualify for their desired mortgage amount. It applies the Bank of Canada stress test (the higher of your contract rate plus 2% or the benchmark rate of 5.25%) to determine the minimum household income required to keep your GDS and TDS ratios within lender guidelines. Whether you are a salaried employee in Oakville or self-employed in Barrie, this calculator shows you exactly where you stand before you apply.

The Land Transfer Tax Calculator breaks down Ontario's progressive tax brackets and automatically applies the Toronto Municipal Land Transfer Tax for properties within city limits. First-time buyers in Ontario can save up to $4,000 on provincial LTT, and Toronto first-time buyers can save an additional $4,475 on the municipal tax. These rebates can make a meaningful difference in your closing costs whether you are buying in St. Catharines, Guelph, Whitby, Ajax, or Pickering.