Calculators
Canadian mortgage math and Ontario/Toronto land transfer tax — done properly.
Mortgage Calculator
Canadian mortgage math with semi-annual compounding, CMHC insurance rules, minimum down payment tiers, stress test qualifying rate, and a full amortization schedule visualized as charts.
Loan Details
Either flag allows an insured 30-year amortization (Dec 15, 2024 federal rules).
Amortization
View full yearly schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | $16,876 | $37,044 | $771,839 |
| 2 | $17,694 | $36,226 | $754,144 |
| 3 | $18,552 | $35,368 | $735,592 |
| 4 | $19,451 | $34,469 | $716,141 |
| 5 | $20,394 | $33,526 | $695,746 |
| 6 | $21,383 | $32,538 | $674,363 |
| 7 | $22,419 | $31,501 | $651,944 |
| 8 | $23,506 | $30,414 | $628,438 |
| 9 | $24,646 | $29,275 | $603,792 |
| 10 | $25,840 | $28,080 | $577,952 |
| 11 | $27,093 | $26,828 | $550,859 |
| 12 | $28,406 | $25,514 | $522,453 |
| 13 | $29,783 | $24,137 | $492,670 |
| 14 | $31,227 | $22,694 | $461,443 |
| 15 | $32,740 | $21,180 | $428,703 |
| 16 | $34,327 | $19,593 | $394,376 |
| 17 | $35,991 | $17,929 | $358,384 |
| 18 | $37,736 | $16,184 | $320,648 |
| 19 | $39,565 | $14,355 | $281,083 |
| 20 | $41,483 | $12,437 | $239,600 |
| 21 | $43,494 | $10,427 | $196,106 |
| 22 | $45,602 | $8,318 | $150,504 |
| 23 | $47,813 | $6,108 | $102,691 |
| 24 | $50,130 | $3,790 | $52,560 |
| 25 | $52,560 | $1,360 | $0 |
Estimates use Canadian semi-annual compounding. CMHC premium tiers, minimum down payment ($500k / $1.5M breakpoints), and the 30-year insured amortization option for first-time buyers and new-build purchasers reflect federal rules effective Dec 15, 2024. Stress test uses the greater of contract rate + 2% or 5.25%. Not financial advice — confirm exact figures with your mortgage broker.
Land Transfer Tax Calculator
Ontario Land Transfer Tax uses a sliding scale. Properties in the City of Toronto also pay a matching Municipal LTT (with additional luxury tiers above $3M). First-time buyers may qualify for rebates of up to $4,000 provincially and $4,475 in Toronto.
Property Details
First-time buyer rebate requires: age 18+, Canadian citizen or PR, has never owned a home (or interest in one) anywhere in the world, spouse has never owned during your marriage, and the home is occupied as principal residence within 9 months.
Toronto also applies additional luxury tiers on residential properties above $3M (up to 7.5% on portions over $20M).
Bracket-by-bracket breakdown
| Jurisdiction | Portion | Rate | Tax |
|---|---|---|---|
| Ontario | $0 – $55,000 | 0.50% | $275 |
| Ontario | $55,000 – $250,000 | 1.00% | $1,950 |
| Ontario | $250,000 – $400,000 | 1.50% | $2,250 |
| Ontario | $400,000 – $850,000 | 2.00% | $9,000 |
| Toronto | $0 – $55,000 | 0.50% | $275 |
| Toronto | $55,000 – $250,000 | 1.00% | $1,950 |
| Toronto | $250,000 – $400,000 | 1.50% | $2,250 |
| Toronto | $400,000 – $850,000 | 2.00% | $9,000 |
Ontario LTT applies to all Ontario purchases; Toronto MLTT applies only to properties within the City of Toronto and matches Ontario's rates through $2M with additional luxury tiers on residential properties over $3M. Maximum first-time buyer rebates: $4,000 (Ontario), $4,475 (Toronto). This is an estimate — confirm with your real estate lawyer before closing.