Plan with real numbers
Mortgage calculators.
Seven tools, real Canadian math: semi-annual compounding, the federal stress test, current default-insurance rules, and Ontario land transfer tax. Every result is an estimate; your broker turns it into a real number.
Mortgage payment
What will it cost, at every frequency?
Payment, interest, and the balance you’ll still owe when your term is up. Accelerated frequencies quietly shave years off.
Estimate only. Semi-annual compounding; excludes property tax, insurance, and condo fees.
Mortgage qualifier
How much home can you afford?
Lenders test you at the higher of 5.25% or your rate + 2%, and cap your housing costs at 39% of income (44% with all debts). This does that math.
Estimate using GDS 39% / TDS 44% and the federal qualifying rate. Lender policies vary, and some go further; we’ll find them.
Land transfer tax
What you’ll owe the day you get the keys.
Ontario charges land transfer tax on every home purchase, due on closing. Buying in the City of Toronto adds a second, municipal tax on top. First-time buyers get most (sometimes all) of it back.
First-time buyer rebates: up to $4,000 off Ontario LTT, and (in Toronto) up to $4,475 off the municipal LTT. To qualify you must be 34+ buying your first home anywhere in the world, and occupy it as your principal residence.
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See my full closing costs →Estimate using current Ontario & Toronto LTT brackets and first-time buyer rebates. Excludes the 25% Non-Resident Speculation Tax and legal fees. We’ll itemize every closing cost with you.
Mortgage comparison
Is 0.6% worth switching for? Usually.
Put the bank’s offer beside ours. Same mortgage, two rates: the difference compounds for the whole term.
Option A
Option B
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Beat my bank’s offer →Estimate only. Real offers also differ on prepayment room and penalties.
Refinance
Does breaking your mortgage pay off?
Breaking a mortgage costs a penalty, but at a much lower rate it can still leave you thousands ahead. This shows the break-even.
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Check my real penalty →Estimate only. Assumes the same remaining amortization; equity take-out and debt consolidation change the picture, so talk to us.
Rent vs buy
Keep renting, or start building equity?
A fair fight: the renter invests the down payment and every dollar owning would have cost them. Then we compare net worth at the end.
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See what I qualify for →Simplified model: ignores selling costs, tax effects, and market swings. It’s a conversation starter, not a verdict.
Mortgage payoff
Small extras, years sooner.
Most lenders let you prepay 10–20% a year without penalty. Here’s what a little extra each month (or a yearly lump sum) actually does.
Estimate only. Assumes monthly payments and prepayments within your lender’s allowance.