Ontario Mortgage Calculator 2021

WOWA Trusted and Transparent
New Mortgage
Renewal/Refinance
Home Price
Down Payment
%
=
Interest Rate
%
Term
5-Year
Amortization (Years)
Payment Frequency
Monthly
Bi-Weekly

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
$1,9651.96k
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
Principal$75,298
Interest$42,578
Modify your payment by selecting from top lenders:
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Hide Amortization Schedule
MonthPrincipalInterest
Apr, 2021
$450,000.00$1,214.60$750.00
May, 2021
$448,785.40$1,216.63$747.98
June, 2021
$447,568.77$1,218.65$745.95
July, 2021
$446,350.12$1,220.69$743.92
Aug, 2021
$445,129.43$1,222.72$741.88
Sept, 2021
$443,906.71$1,224.76$739.84
Oct, 2021
$442,681.96$1,226.80$737.80
Nov, 2021
$441,455.16$1,228.84$735.76
Dec, 2021
$440,226.31$1,230.89$733.71
Jan, 2022
$438,995.42$1,232.94$731.66
Feb, 2022
$437,762.48$1,235.00$729.60
Mar, 2022
$436,527.48$1,237.06$727.55
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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