Mortgage Payment Calculator:
1. Mortgage Amount:  
2. Mortgage Interest Rate:  
3. Amortization Period (years)  

Frequency: Monthly: Semi-Monthly: Bi-Weekly: Weekly:
Payment: $ $ $ $
Amortization:            
Note: This is a Canadian Mortgage Calculator and is specially designed for Canadian mortgages.
Canadian Mortgage Rates are calculated twice per year as opposed to once per month in the U.S.
Mortgage Calculator is for demonstration purposes only and may not reflect actual numbers for your mortgage. Canadian mortgage trends vary so make sure to check with us for the best mortgage rates available.

Maximum Mortgage:(Mortgage Affordability Calculator)
1. Annual Family Income:  
2. Annual Property Taxes: (estimate)  
3. Monthly Heating Costs/Condo Fees: (estimate)  
4. Minimum Monthly Payments for Loans/Credit Cards:  
5. Monthly Secondary Financing Payment:  
6. Interest Rate:  

 

Maximum Mortgage Monthly Payment

Land Transfer Tax Calculator:

Purchase Price: $
I am a first time home buyer
I am purchasing a property located in Toronto
Total Land Transfer Tax: $

Ontario Land Transfer Tax Explained

0.5% - on the first $55,000
1.0% - on portion between $55,000 - $250,000
1.5% - on balance over $250,000
2.0% - on anything over $400,000
Qualifying first time buyers receive up to a $2000 credit

Toronto Land Transfer Tax Explained

0.5% - on the first $55,000
1.0% - on portion between $55,000 - $400,000
2.0% - on anything over $400,000
First time buyers are exempt on the first $400,000

Questions? Concerns? Contact Us for More Information.
You can also request our No-Cost/No-Obligation Financial Analysis/Mortgage Check-up. We Will Find the Best Rates and terms for you!

Jaime V. Mercado
Mortgage Agent 
FSCO Lic#: M11002289
Direct: (416) 799-9970
Email: [email protected]
8Twelve Mortgage Corp
Brokerage FSRA Lic#: 13072
Phone: 1(877) 812-8128  
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