Ontario Mortgage Calculator 2021

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New Mortgage
Home Price
Down Payment
Interest Rate
Amortization (Years)
Payment Frequency

You have chosen to make a down payment below 20%. You are required to purchase mortgage default insurance (CMHC insurance). This cost is included in the mortgage principal.

Calculated Monthly Payment
Your CMHC Premium is $13,95014k
Do you live in Toronto?

Your Land Transfer Tax is $12,950

Mortgage Costs Over 5-Year Term

Total Cost:$117,876
Modify your payment by selecting from top lenders:
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Ontario Mortgage Calculator

Are you looking to get a new mortgage in Ontario? Or maybe you’re looking to renew or switch lenders for an existing mortgage? You can use our Ontario mortgage calculator to see how much a mortgage in Ontario would cost using the latest rates from top mortgage lenders in Ontario.

There are a few things that you need to consider when getting a mortgage in Ontario. Here are a few resources for Ontario homeowners, including property tax calculators, first-time home buyer incentives, current Ontario mortgage rates, and real estate commissions.

Learn more about Ontario Mortgages

Other Resources for Ontario Homeowners