Marie Fullerton, Make Your Move

Mortgage payment calculator

Estimate your mortgage payment and Ontario closing costs. Nothing you enter is saved.

Your numbers

Mortgage scenario
Quick set

Down payment: 10.0%

Estimated mortgage payment $0 per month

Mortgage

Before insurance
$0
Insurance
$0
Total mortgage
$0
At the same rate

After the 5-year term

Principal paid
$0
Interest paid
$0
Balance remaining
$0
Cash to plan for at closing View breakdown Hide breakdown $0
Down payment
$0
Ontario tax on insurance
$0
Ontario land transfer tax
$0
Toronto land transfer tax
$0
Toronto MLTT administration fee, including HST
$0

This tool provides an estimate for planning purposes. It is not a mortgage approval, rate quote, or financial recommendation. Your lender may calculate or round figures differently.

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Questions and references

Why might another calculator show a different payment?

This calculator uses the standard Canadian fixed-rate convention. Calculators made for other countries, or lenders using different rounding, may produce a slightly different result.

What happens when the down payment is below 20%?

Mortgage insurance may be added to the mortgage. In Ontario, tax on that premium is paid in cash at closing and is shown separately here.

Why are Toronto closing costs higher?

Ontario charges provincial land transfer tax. Properties in the City of Toronto may also be subject to a municipal land transfer tax.

What is not included in the closing-cost subtotal?

The subtotal excludes legal fees, title insurance, adjustments, inspections, appraisals, moving costs, non-resident taxes, and new-home HST.

Official calculation references

Rules and rates were last reviewed on August 6, 2026.