Ontario Mortgage Calculator 2021
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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Month | Principal | Interest | |
---|---|---|---|
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 |
Year 1
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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
- Ontario Mortgage Rates
- First-Time Homebuyer Incentives in Ontario
- Private Mortgage Lenders Ontario
- Ontario Property Tax Calculator
- Ontario Land Transfer Tax Calculator
- Toronto Property Tax Calculator
- Toronto Land Transfer Tax Calculator