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Ratehub.ca's mortgage payment calculator
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Price
Location
Toronto, ON |
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| - Down payment | ||||
| + CMHC insurance | $- | $- | $- | $- |
| = Total mortgage | $- | $- | $- | $- |
| Amortization | ||||
| Mortgage rate |
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| Payment frequency | ||||
| = Mortgage payment | $- | $- | $- | $- |
Are you a first time home buyer?
Provincial $0
+ Municipal $0
- Rebate $0
Land transfer tax $0
When you purchase a house, there are a number of costs you will need to put aside in addition to your down payment.
Down payment optionsType of house
| Down payment | $- |
| Land transfer tax | $- |
| PST on mortgage insurance | $- |
| Lawyer fees | |
| Title insurance | |
| Home inspection | |
| Appraisal fees | |
| Cash needed to close | $- |
Estimate the monthly costs of owning this home.
Down payment optionsType of house
| Mortgage payment | $3 |
| Property tax | |
| Monthly debt payments | |
| Utilities | |
| Property insurance | |
| Phone | |
| Cable | |
| Internet | |
| Total monthly expenses | $- |
When calculating your mortgage costs, it's important to look at the long-term horizon. The mortgage rate you pay today could be substantially different from the mortgage rates available in the future.
The calculation below shows how much of your mortgage principal will be left at the end of the term.
Using the remaining balance above, below we can calculate the mortgage payments you could encounter at renewal based on different interest rates:
| Interest rate | Payment |
|---|
Competitive 5-year fixed mortgage rates since 2006
