House Loan Calculator Mortgage + cash-to-close + monthly finance planner

Ontario-focused estimate

Plan your home purchase with a live monthly finance snapshot.

Update the fields below and the calculator instantly refreshes your minimum down payment, mortgage amount, insurance premium, land transfer tax, cash needed, and estimated monthly budget.

View breakdown
Total Monthly Expenses $0 Mortgage + household + recurring payments
Cash Needed to Close $0 Down payment + LTT + PST + legal fee
Mortgage Payment $0 Monthly estimate
Mortgage After Insurance $0 Principal used in payment formula

Inputs

Purchase and mortgage details

Live recalculation
$
$
%
years
%
$

Inputs

Monthly expenses

$
$
$
$
$
$
$
$

Outputs

Calculation breakdown

Total down payment$0Minimum + additional
Mortgage before insurance$0Property value - down payment
Insurance premium$00%
Land transfer tax$0Before rebate: $0
PST on premium$08% of insurance premium
Rounded payment$0Rounded to nearest $50
How this estimate is calculated
  1. Mortgage before insurance = property value - minimum down payment - additional down payment.
  2. Insurance premium = mortgage before insurance × selected premium rate, only when the down payment is below 20%.
  3. Mortgage after insurance = mortgage before insurance + insurance premium.
  4. Cash needed = total down payment + land transfer tax + PST on insurance + legal fee, rounded to the nearest $100.
  5. Total monthly expenses = mortgage monthly estimate + utilities + property tax + home insurance + car payment + car insurance + food and groceries + transportation + other monthly transfer, rounded to the nearest $50.

Scenarios

Quick comparison table

Row 3 uses current inputs
Change Price Addl. down Amort (years) Payment freq. Rate Total down Mortgage Cash needed Monthly total

References

Source links used in the calculator

Ontario land transfer tax calculation Ontario first-time homebuyer LTT refund CMHC down payment and insurance guide CMHC mortgage loan insurance premium calculator RBC mortgage payment reference Whitby property tax calculator

This calculator is for planning only. Confirm exact mortgage, insurance, tax, rebate, and closing cost numbers with your lender, lawyer, municipality, and official government/insurer calculators.