Resources
Run Your Numbers.
Four quick calculators to help you understand what you can afford, what you'll pay monthly, what closing costs look like, and whether mortgage insurance applies.
Mortgage Payment Calculator
$3,508
Monthly Payment
$600,000
Mortgage Amount
$452,262
Total Interest Paid
Rates shown are for illustration only. Contact us to get connected with a trusted Durham Region mortgage broker.
What Can You Afford?
$532,758
Est. Max Purchase Price
$3,200
Max Monthly Payment
7.00%
Stress Test Rate
$452,758
Mortgage Needed
Based on the OSFI stress test (contract rate + 2%, or 5.25%, whichever is higher) and standard 32% GDS / 44% TDS limits. This is an estimate. A mortgage broker can give you an exact pre-approval.
Land Transfer Tax Calculator
$11,475
Ontario LTT
$11,475
Total Land Transfer Tax
Ontario brackets: 0.5% on the first $55,000 · 1.0% on $55K-$250K · 1.5% on $250K-$400K · 2.0% on $400K-$2M · 2.5% above $2M.
First-time buyers can receive a rebate of up to $4,000 provincially (and up to $4,475 in Toronto). Figures are estimates. Confirm exact numbers with your lawyer.
CMHC Insurance Calculator
2.40%
Premium Rate
$16,200
CMHC Premium
$691,200
Total Mortgage (incl. premium)
Standard CMHC premiums: 0.60% (up to 65% LTV) · 0.75% (65-75%) · 1.25% (75-80%) · 1.80% (80-85%) · 2.40% (85-90%) · 4.00% (90-95%), charged on the loan amount and typically added to your mortgage principal.
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1,500,000. Figures are estimates — non-traditional down payments and amortizations over 25 years carry additional surcharges. Confirm exact numbers with your lender.
Numbers Looking Tight?
There are more options than you think. Let's talk through your situation, no commitment, just clarity.