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Mortgage & closing costs

See your monthly payment and the cash you need on closing day, including Ontario and Toronto land transfer tax and first-time buyer rebates.

Purchase price

Calculate with

Down payment: 10% · $90,000

Interest rate

Amortization

I’m a first-time home buyerThe home is in the City of Toronto

Other closing costs (Legal fees, title insurance, inspection, adjustments)

Monthly payment$4,622To qualify, lenders test your payment at 6.50%: about $5,594 a month.

Total mortgage$835,110

Mortgage default insurance (CMHC) · 3.10%added to your mortgage$25,110

Down payment$90,000

Ontario land transfer tax$14,475

Ontario first-time buyer refund−$4,000

Toronto land transfer tax$14,475

Toronto first-time buyer rebate−$4,475

Ontario sales tax on that insurance$2,009

Other closing costs (estimate)$3,000

Cash needed at closing$115,484

Estimates only, based on rules as of October 2026. Your lender and lawyer will confirm the exact numbers.

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