Free Buyer ToolCalculate real monthly costs, land transfer taxes & qualifying income for any property in the GTA:
Know What You Can Afford and What It Will Really Cost
Calculate your estimated mortgage payment, land transfer taxes, closing costs, monthly carrying costs, and the household income needed to qualify under current Canadian mortgage guidelines.
1Property & Mortgage Details
Property Details
Property Tax
Flat estimate for lawyer fees, title insurance, and closing adjustments.
Utilities
Mortgage Assumptions
Default reflects a current low insured 5-yr fixed rate. Update this to whatever rate you're working with.
Options update automatically to match the legal minimum for this price, plus any 10/15/20% tiers above it.
30-yr is available because you're a first-time buyer, buying new construction, or putting 20%+ down.
Enter your listed price, property tax, and interest rate above to see your numbers.
Disclaimer: This calculator is provided free as an educational resource. All figures are estimates for general information purposes only — they are not a mortgage pre-approval or a guarantee of qualification. Actual costs and qualification depend on your specific debts, credit, income type, lender, interest rate, mortgage product, and full underwriting. Confirm current rates, insurance premiums, and land transfer tax rules with a licensed mortgage professional and your lawyer before relying on these figures.