Purchase Calculator
Estimate your mortgage payments, closing costs, and total cash needed for your home purchase
$650,000
$200,000$2,000,000
6.15%50%
Minimum required: 6.15% ($40,000)
Mortgage Payment
30-year amortization requires 20% down payment
Monthly Payment
$2,742
Total Mortgage
$520,000
Down Payment
$130,000
CMHC Insurance
N/A
Total Cost Over 25 Years
$822,564
Total Interest Paid
$302,564
Closing Costs Breakdown
Property Details
Land Transfer Tax
Ontario LTT:$9,475
Toronto LTT:$9,475
Total Land Transfer Tax:$18,950
Other One-Time Costs
Down Payment
$130,000
Total Closing Costs
$22,150
Total Cash Needed
$152,150
Land Transfer Tax:$18,950
Appraisal:$400
Legal Fees:$2,000
Home Inspection:$500
Title Insurance:$300