Toronto Mortgage & Land Transfer Tax Calculator
Professional-grade calculations for Ontario properties with Toronto municipal tax breakdown
$0
$1,500,000
$10M+
0%
20%
100%
0%
4.99%
20%
Mortgage Summary
Property Price
$1,500,000
Down Payment
$300,000
Mortgage Amount
$1,200,000
CMHC Insurance ?Required if down payment is less than 20% of purchase price
$0
Total Loan Amount
$1,200,000
Monthly Payment
$6,980
Total Interest Paid
$894,000
Total Mortgage Cost
$2,094,000
Land Transfer Tax Breakdown
Ontario Land Transfer Tax
Provincial Tax
$32,950
First-Time Buyer Rebate
-$4,000
Net Ontario Tax
$32,950
Toronto Municipal Land Transfer Tax
Municipal Tax
$32,950
First-Time Buyer Rebate
-$4,475
Net Toronto Tax
$32,950
Total Land Transfer Tax
$65,900
Total Closing Costs (Est.)
$71,000
Important Disclaimer
This calculator provides estimates for informational purposes only. Actual mortgage payments, interest rates, and land transfer taxes may vary based on lender requirements, credit score, property type, and specific circumstances. First-time home buyer rebates have eligibility requirements. Always consult with a mortgage professional and real estate lawyer for precise calculations and advice.
Professional real estate analysis provided by Area Realty Inc | Boutique Real Estate Brokerage in the Greater Toronto Area
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