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Home Buying Financial Analysis

Know the full picture before you buy. This calculator uses Ontario-specific rules to estimate your mortgage payments, land transfer tax, CMHC insurance, closing costs, and total monthly expenses.

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Property Details

Property Value ($)

Down Payment ($)

Interest Rate (%)

Canadian semi-annual compounding

Amortization Period

First-Time Buyer?

Yes No

Monthly Expenses

Edit any amount to match your situation.

Hydro

Water

Gas

Property Tax

Home Insurance

Maintenance

Total Monthly Payment

Mortgage + all monthly expenses

Monthly Mortgage

Monthly Expenses

Mortgage Breakdown

Property Value —

Down Payment —

Minimum Required Down Payment —

Mortgage Amount —

CMHC Insurance Premium —

Mortgage + CMHC (Total) —

Effective Monthly Rate —

Monthly Mortgage Installment —

Buying in Toronto

Toronto Land Transfer Tax —

Ontario Land Transfer Tax —

Variable Costs

Lawyer Fees

Home Inspection

Utility Connection Charges

Assignment + Misc

Mover Expenses

Closing Cost —

Total to Buy in Toronto —

Outside Toronto

Ontario Land Transfer Tax —

Variable Costs

Lawyer Fees

Home Inspection

Utility Connection Charges

Assignment + Misc

Mover Expenses

Closing Cost —

Total to Buy Outside Toronto —

Monthly Expense Summary

Mortgage Installment —

Hydro —

Water —

Gas —

Property Tax —

Home Insurance —

Maintenance —

Total Expense / Month —

Note: Utility estimates are approximate. Property tax is estimated at $625/month by default - adjust based on your actual municipal assessment.

Affordability Guide

Based on the GDS ratio guideline - Canadian lenders typically require housing costs to be under 39% of gross monthly income.

Your Total Monthly Housing Cost —

Minimum Gross Monthly Income Needed —

Minimum Annual Household Income Needed —

This is a guideline only. Your lender will assess your full financial picture including other debt payments. Always get a mortgage pre-approval for accurate numbers.

Want a personalised analysis for your situation?

Balu Kiri or Meeta Jogi will prepare a detailed breakdown specific to the property you are considering - completely free.

Book a Free Consultation Call (416) 520-2434

Disclaimer: This calculator is provided to help estimate expenses in a typical real estate transaction in and around the Greater Toronto Area in Ontario, Canada. Mortgage calculations are based on the Canadian system of compounding interest semi-annually. CMHC premium calculations assume the lender does not require CMHC Insurance when a minimum of 20% down payment is made. The authors do not guarantee or warrant the accuracy of the calculations as rates and modes of calculation may change. Always consult a licensed mortgage professional for accurate mortgage advice. © 2026 Balu Kiri - ToRealtorGuru.ca | Century 21 Titans