The numbers behind your next move.
Explore mortgage payments, Ontario land transfer tax, closing costs and home-buying budgets. Simple, practical estimates to help you plan with more confidence.
One destination. Four useful calculators.
Change the figures below to instantly explore different scenarios. Estimates update on your device without submitting personal information.
Understand your monthly payment.
Estimate principal and interest using Canadian fixed-rate mortgage compounding. Add common carrying costs to see a broader monthly picture.
A down payment below 20% typically requires mortgage default insurance. Eligible insured 30-year mortgages can carry additional premiums. Utilities, maintenance and lender fees are not included.
Canadian dollars · mortgage + entered carrying costs
- Principal + interest / month—
- Taxes + insurance + fees / month—
- Mortgage insurance premium (financed)—
- Estimated mortgage balance at start—
- Interest if rate stayed unchanged for full amortization—
This is an illustration, not an approval, quoted rate or renewal forecast. Your lender will confirm insurance, amortization and payment details.
Plan for the tax at closing.
Estimate provincial land transfer tax on a typical residential property in London, Ontario and surrounding communities.
The first-time buyer refund has eligibility conditions, including ownership history, age, residency and use as a principal residence. This estimate excludes Toronto municipal tax, non-resident speculation tax and special exemptions.
Provincial land transfer tax only
- Tax before refund—
- Potential first-time buyer refund—
- Estimated tax after refund—
For the official rules, visit Ontario’s calculation guide and the refund guide.
See how much cash to prepare.
Go beyond the down payment. Combine provincial tax and editable professional costs to estimate the funds you may need on closing day.
The estimate includes 8% Ontario tax on any calculated CMHC-style default-insurance premium, normally paid in cash. It assumes a 25-year insured amortization. Actual title, legal and closing costs can differ, and new construction may have additional taxes.
Down payment + estimated transaction costs
- Down payment—
- Net Ontario land transfer tax—
- Legal + inspection + appraisal + adjustments—
- Ontario sales tax on estimated mortgage insurance—
- Cash to prepare—
If default-insurance premiums apply, the premium itself is assumed to be financed in the mortgage; only the Ontario tax on the premium is included here. Your lawyer and lender confirm the closing statement.
Find a price range that fits your payment goal.
Start with the monthly housing amount you would prefer and your available down payment. We’ll estimate a matching home price — not a lender qualification amount.
This planner solves for a payment target, assuming your entered down payment and property expenses. It does not evaluate income, debt ratios, credit, the mortgage stress test, condo fees, lender policy or cash closing costs.
Based on your target housing payment, not a borrowing approval
- Estimated monthly housing costs—
- Down payment used—
- Estimated financed mortgage incl. default insurance—
- Your monthly housing budget—
Borrowing approval is not calculated here. If you choose a 30-year insured amortization, your eligibility must be verified by a mortgage professional.
Real numbers are just the beginning.
Pair an initial estimate with thoughtful guidance, local knowledge and a clear next step in London and surrounding Ontario communities.
Explore available properties
See homes and real estate opportunities while keeping your preferred budget in mind.
View properties 02Stay ahead of new listings
Tell Waad what you're looking for, and begin a more focused home search.
Buyer listing alerts 03Thinking about selling?
Start with an understanding of your current property's potential market value.
Home evaluationYour numbers. Your goals. Your next chapter.
Waad Al Sihnawy · RE/MAX Sales Representative · London, Ontario and area.