MORTGAGE TOOLS
Run the numbers, clearly.
Estimate your payment, Ontario land transfer tax and what you may be able to afford. Starting rate is illustrative as of October 2026 — adjust any field.
$200,000 · minimum required $75,000
First-time home buyer?
Property in the City of Toronto?
ESTIMATED MONTHLY PAYMENT
$4,291
Mortgage amount$800,000
Default insurance (0.0%)$0
Total mortgage$800,000
Total interest over amortization$487,290
Ontario land transfer tax$16,475
First-time buyer rebate (Ontario)−$4,000
Land transfer tax payable$12,475
Cash needed at closing (down + LTT)$212,475
For illustration only. Results are estimates, not a mortgage offer or approval. The starting rate is not a quoted or guaranteed rate; actual rates, terms, insurance premiums and fees depend on lender approval and your individual circumstances. Land transfer tax figures use current Ontario and Toronto residential schedules and rebate maximums; confirm with your lawyer. Couture Mortgages operates under Mortgage Outlet Inc., Brokerage Licence #12628.