Resources

Run Your Numbers.

Three quick calculators to help you understand what you can afford, what you'll pay monthly, and what closing costs look like.

Mortgage Payment Calculator

Purchase Price ($750,000)

Down Payment ($150,000)

Interest Rate (5.00%)

Amortization (25 years)

Payment Frequency

$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?

Annual Household Income ($120,000)

Monthly Debt Payments ($500/mo)

Down Payment Saved ($80,000)

Interest Rate (5.00%)

$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

Purchase Price ($750,000)

Location

First-Time Buyer?

$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.

Numbers Looking Tight?

There are more options than you think. Let's talk through your situation, no commitment, just clarity.