First-time buyers
You may be eligible for rebates on land transfer taxes in Ontario.
Down payment
A 20% down payment eliminates CMHC insurance costs.
Interest rates
Consider how rate changes might affect your payments at renewal.
$100k - $2.5M
5% - 100%
Down payment | Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 |
|---|---|---|---|---|
Down payment | ||||
CMHC | $22,648 | $16,628 | $14,185 | $0 |
| Total mortgage | $588,848 | $553,028 | $520,785 | $476,800 |
Amortization | ||||
Mortgage rate | 5-yr/fix | 5-yr/fix | 5-yr/fix | 5-yr/fix |
| Payment frequency | ||||
| Mortgage payment | $3,040 | $2,855 | $2,689 | $2,514 |