Plan your purchase
Real estate calculators
Estimate your mortgage payment, how much home you can afford, and the land transfer tax you'll pay in Ontario.
- Mortgage amount
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- Mortgage insurance (CMHC)
- Total mortgage
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- Minimum down payment
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- Total interest over 25 years
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Cash needed to close
- Down payment
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- Ontario land transfer tax
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- PST on mortgage insurance
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- Legal, title, inspection & other
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- Total cash needed
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Monthly expenses
- Mortgage (monthly equivalent)
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- Property tax
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- Heating, insurance & utilities
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- Condo fees & other
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- Total per month
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Property tax is pre-filled at about 1.5% of the price; Windsor rates vary, so check the listing or the city's tax calculator.
Interest rate risk
Most mortgages renew every few years at whatever rate is offered then. See how your payment changes if rates move at renewal.
| Rate at renewal | Payment | Change |
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Amortization schedule
Show the year-by-year schedule
| Year | Payments | Principal | Interest | Balance at year end |
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Change any value to see how a different price, down payment, rate or amortization changes your payment. The best payment and lowest total cost are highlighted.
| Item | Scenario 1 | Scenario 2 | Scenario 3 |
|---|---|---|---|
| Purchase price ($) | |||
| Down payment (%) | |||
| Down payment ($) | |||
| Interest rate (%) | |||
| Amortization | |||
| Payment frequency | |||
| Payment | — | — | — |
| Minimum down payment | — | — | — |
| Mortgage amount | — | — | — |
| Mortgage insurance (CMHC) | — | — | — |
| Total mortgage | — | — | — |
| Total interest | — | — | — |
| Paid off in | — | — | — |
| Total cost (down + payments) | — | — | — |
| Notes |
- Mortgage amount
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- Monthly mortgage payment
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- Stress-test rate used to qualify
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- Housing costs / income (GDS, max 39%)
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- All debts / income (TDS, max 44%)
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Lenders qualify you at the higher of your rate plus 2% or 5.25%, so you can keep up if rates rise. This is an estimate; a lender or mortgage broker will confirm what you qualify for.
Search homes in this price range- Ontario land transfer tax
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- First-time buyer refund
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| Portion of price | Rate | Tax |
|---|
Windsor and the rest of Essex County have no municipal land transfer tax (only Toronto charges one). Your lawyer pays the tax on closing; the first-time buyer refund is usually applied at the same time.
These calculators give estimates for general information only, based on federal mortgage insurance and Ontario tax rules. They are not financial or legal advice. Please confirm figures with your lender, mortgage broker or real estate lawyer.