Buyer toolsMortgage Calculator
See your real monthly payment, CMHC insurance, land transfer taxes, the stress test, and how fast you pay the loan down. Adjust the numbers and watch everything update live.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.44% via Ratehub.ca (as of November 11, 2026); conventional rates run a little higher.
Mortgage amount $720,000 · 4.59% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,021
- Estimated property tax
- $563
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,584
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,475
- Toronto municipal land transfer tax
- $14,475
- Estimated closing costs
- $28,950
Plus your down payment of $180,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $241,267
- Principal paid down
- $86,928
- Interest paid
- $154,339
- Balance remaining
- $633,072
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Today’s mortgage rates
Current rates from Canada’s lenders, updated live. Use the calculator above to see your payment, then plug in a real rate from the table below.
How the numbers work
How is my mortgage payment calculated?
Canadian fixed-rate mortgages compound semi-annually, not monthly, so this calculator converts your annual rate to a true periodic rate before working out the payment. That matches what your lender will quote. Change the down payment, rate, amortization, or payment frequency and every figure updates instantly.
What is CMHC mortgage default insurance?
If your down payment is under 20%, lenders require mortgage default insurance (from CMHC or a private insurer). The premium is a percentage of your loan, from 2.80% to 4.00% depending on how much you put down, and it is added to your mortgage. Homes priced over $1.5 million cannot be insured, so they need at least 20% down.
How much do land transfer taxes cost in Toronto?
Ontario charges a provincial land transfer tax on every purchase, and buyers inside the City of Toronto pay a second municipal land transfer tax on top. First-time buyers can claim a rebate of up to $4,000 provincially and up to $4,475 in Toronto. Toggle those options above to see your real closing number.
What is the mortgage stress test?
To get approved, you have to show you could still make payments if rates rose. Lenders qualify you at the greater of your contract rate plus 2% or 5.25%. You do not actually pay that rate, but staying comfortable at it keeps you on solid ground.
Can accelerated payments save me money?
Yes. Accelerated bi-weekly and accelerated weekly payments squeeze in the equivalent of one extra monthly payment each year, which pays your mortgage off years early and saves a real amount of interest. Switch the frequency above to see the difference for your numbers.
Ready to turn these numbers into a plan?
Book a no-pressure chat with Team Asgarian. We will connect you with a trusted mortgage professional and map out what fits your budget.
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