Use estimates as a starting point
A calculator cannot confirm lender approval, property fit, down payment source, or final documents.
Mortgage tools
Ontario mortgage calculator
Estimate payments, affordability, closing costs, and stress-test scenarios before relying on the numbers.
- +Estimate payments, closing costs, land transfer tax, and affordability with mortgage tools built for Canadian buyers.
- +Go deeper with pre-qualification, stress test, and side-by-side comparison tools when you want to evaluate multiple scenarios.
- +Download the Canadian Mortgage App for detailed reports, refinance analysis, and more advanced planning tools on the go.
Calculator estimates are not mortgage approvals.
Calculator
Estimate payments, qualification, and closing costs.
This version runs directly on the page, so visitors are not dependent on a third-party embed. It includes default insurance, carrying costs, and an Ontario land transfer estimate.
Results
Monthly payment
$3,469
Mortgage amount
$600,000
Down payment
$150,000
Default insurance
Not required
Estimated carrying cost
$3,959
Monthly payment + property tax + heating + 50% of condo fees.
Qualification snapshot
Approximate income needed
Based on a stress-test rate of 6.89% with GDS at 39% and TDS at 44%.
Annual household income
$144,267
Closing costs estimate
$11,475
Ontario land transfer tax only
Estimates are educational only and do not include legal fees, title insurance, appraisal costs, or lender-specific policies. We can help turn them into a real mortgage strategy.
Closing costs can change the budget
Ontario buyers should allow room for land transfer tax, legal fees, adjustments, appraisal, insurance, and moving costs.
Affordability should survive the stress test
The useful number is the payment and mortgage amount that still work after lender qualification rules are applied.
Check the estimate against income documents, debts, property taxes, and lender policy before you shop or refinance.
Review these numbers