Quick estimates for Ontario buyers and owners. Rate fields start blank: enter the rate you were offered.
Your monthly payment from price, down payment and rate.
Estimated monthly payment
Principal and interest only. Property tax, heat, condo fees, and home insurance are not included.
With less than 20% down, 30 years is only for eligible first-time buyers or new builds. The minimum down payment and mortgage default insurance are worked in.
Roughly what price the lender rules support.
Estimated maximum price
Qualifies you at the stress-test rate (the greater of your rate plus 2% or 5.25%) against GDS 39% and TDS 44%, with mortgage default insurance and minimum down payment rules.
Heating uses an estimate of $125 a month; use your own figure if you know it. Half of any condo fees is counted.
Before you start browsing listings, find out roughly what price range the lender rules support. Want a firmer number? A pre-approval looks at your actual file. Book a call.
Ontario and Toronto tax, first-time buyer refunds and cash to close.
Land transfer tax
Ontario land transfer tax, plus Toronto's municipal tax if you are buying in the City of Toronto, with first-time buyer refunds. Rates are for homes with one or two single family residences, including condos.
In Ontario, land transfer tax is often the biggest cheque on closing day after the down payment. Buying in Toronto? You pay it twice.
First home? The refunds can take thousands off what you owe on closing. Book a call and I will walk you through your closing numbers.
Estimate only · on approved credit (OAC). Rates, products, insurer rules, and the stress test change the real payment. Nothing on this page is an offer to lend or a commitment to lend. Subject to qualification through Clover Mortgage, brokerage (FSRA #13168), and its lenders.
Spot an error? Let me know through the contact page or at rozil@clovermortgage.ca and I will fix it.
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Your new payment at renewal, and how much your monthly and yearly cash flow changes.
Your renewal letter is not a take-it-or-leave-it offer.
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Checks a specific home against GDS 39% and TDS 44% at the stress-test rate, with insurance and minimum down payment rules.
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The household income needed to qualify for a price, at the stress-test rate and GDS 39% / TDS 44%.
Working backwards from the home you want is one of the smartest ways to plan.
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Adds up your sources and compares them with the minimum down payment and closing costs. FHSA and Home Buyers' Plan limits are applied.
Savings, an FHSA, your RRSP, a gift from family. Your down payment can come from more places than you think.
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Adds renovation costs to the mortgage using CMHC's lending value rules, with the insurance premium and the payment.
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Have a contractor quote? Send it over and I will show you how this could work for your purchase. Contact me.
Three months' interest compared with the interest rate differential (IRD), the two methods most lenders use.
Breaking a mortgage can cost a few thousand dollars, or a lot more. Know before you move.
Each lender calculates differently, so get your payout statement from your lender. Thinking of selling, refinancing or switching early? Send it to me and I will help you read it. Contact me.
Your penalty and fees compared with the monthly savings, the break-even point and the interest difference.
A lower rate only helps if the savings beat the cost of getting there.
Not sure the math works? I will run it with your actual payout statement. Contact me.
Compares a fixed rate with a variable rate over your term, including a rate change you choose. Scenarios, not forecasts.
Nobody can tell you where rates are going. You can still test what each choice would mean for you.
Want to talk through which one fits your budget and your peace of mind? Book a call.
Interest saved and time cut by an extra monthly amount or a yearly lump sum.
A little extra each month can take years off your mortgage.
Want to know your prepayment privileges? Send me your mortgage details and I will check them with you. Contact me.
Monthly, semi-monthly, biweekly, weekly and accelerated payments side by side.
Same mortgage, different rhythm. How often you pay can change how fast you are done.
Setting up a new mortgage or renewal? Ask me about matching your payments to your payday. Book a call.
If you already know the mortgage principal.
Already know the mortgage amount? Get the payment in seconds.
Have a mortgage amount in mind? Book a call and I will show you the options around it.
Home value × LTV minus current balance. A conventional refinance is generally up to 80% LTV. Fees and penalties are extra.
Your home may have grown in value. See roughly how much of that equity a refinance could reach.
Thinking about using your equity? Book a call and we can look at refinance, HELOC and second mortgage options side by side.
Compares your current payments with a new mortgage-style payment on the same balances, and shows the total interest.
Juggling several high-interest payments? See how one mortgage-style payment compares.
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How much equity may be available, the payment, the fees and the money you would actually receive.
Life is tough sometimes. We can help you with second mortgages. Calculate here.
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Your possible HELOC limit under federal rules, the interest-only payment, and what it takes to pay it off.
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Turns the rate and the fees into the yearly cost on the money you actually receive.
When the bank says not right now, a private mortgage can be a bridge. Know the full cost before you cross it.
I will always show you the full cost and an exit plan before you sign anything. Reach out in confidence. Contact me.
Sale price less commission and HST, your mortgage payout, any penalty and closing costs.
Before you list, know what you will actually walk away with.
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Net operating income, cap rate, cash flow, cash-on-cash return and debt service coverage.
A good rental is more than a nice building. It has to make sense on paper.
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Federal mortgage rules for insured and uninsured mortgages in Canada. Every rate comes from what you type. No rate is built in.
Lenders and insurers may apply stricter rules, such as lower ratios, credit requirements, or their own heating and condo fee amounts. Every result on this page is an estimate only, on approved credit (OAC), and not an offer to lend.
Sources: CMHC premiums, CMHC GDS and TDS, OSFI qualifying rate, Finance Canada mortgage reforms, Ontario land transfer tax, Toronto MLTT, CRA FHSA, CRA Home Buyers' Plan, FCAC prepayment penalties, HousingPortal.ca Ontario property tax rates 2026, Toronto property tax rates, Mississauga 2026 tax rates, Brampton tax rates.
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