Land Transfer Tax

Mortgage Payment and Closing Costs Calculator for property located in Ontario

Mortgage payment and income qualification
Enter the Purchase Price
Enter your Downpayment
Enter the subject Property's Monthly Property Tax
Enter Monthly Maintenance Fee ( if applicable )
Enter Monthly Rental Income of Property ( if applicable )
Enter the current INTEREST RATE
(for your selected mtg. term)
Enter Amortization in years
( Max 30 years for downpayment less than 20% )
Your monthly mortgage payment
Your CMHC Insurance
Your Total Monthly Payment
Required YEARLY Combined Income of the Applicants
Closing costs
Land Transfer Tax
(Applies to all Ontario properties.)
Land Transfer Tax
(Applies to Toronto properties only.)
Estimated Legal and disbursement cost:
HST on CMHC premium (if applicable)
Your total closing costs:
Your total closing costs outside Toronto:

Land Transfer Tax Rebates: First Time Home Buyers

If you are a first time home buyer you are eligable for rebates for both Toronto and Provincial Land Transfer Tax

  • Municipal Land Transfer Tax (TLTT): Maximum $3725
  • Provincial Land Transfer Tax (PLTT): Maximum $2000

DISCLAIMER: There is NO WARRANTY or guarantee, expressed or implied, for the accuracy of the information obtained by using these calculators or its applicability to your specific financial situation. While we make every effort humanly possible to maintain the highest degree of accuracy, every situation is different. Please consult an experienced Mortgages Canada representative for more information regarding current mortgage rates and conditions. Contact a lawyer who has real estate expertise for exact legal and disbursement costs.
Quotes for fixed rate purchase and refinance loans are generally based on the following criteria: a borrower with good to excellent credit and average income seeking a loan for a single family, owner occupied one unit dwelling with 20% down payment (or 80% loan to value ratio for refinance). The Rate/APR and other terms may vary from those displayed based on the credit worthiness of the borrower, the type of dwelling, whether the borrower is self-employed, the location of the property and other factors.