First Home Savings Account
Eligible buyers may contribute up to $8,000 a year, with a $40,000 lifetime contribution cap. Qualified withdrawals can be tax-free. This is not an instant price discount.
Learn about FHSA ↗YOUR NUMBERS, MADE SIMPLE
Mortgage calculators.
Estimate a mortgage payment, Ontario closing costs and potential first-time buyer savings. These are planning tools, not mortgage approvals or rate quotes.
← Back to homepageDO THE MATH
Know your numbers.
Make your move.
Get a helpful starting point before we talk. These estimates are for planning only, not a rate quote, approval or statement of final costs.
Estimate your payment
Adjust the numbers to see what a mortgage payment could look like.
20% down payment
ESTIMATED MORTGAGE PAYMENT
$3,167/ month
Mortgage before insurance$600,000
Estimated insurance premium$0
Total estimated mortgage$600,000
Down payment20%
Canada-style semi-annual interest compounding. Insurance estimates assume standard owner-occupied financing. Insurance sales tax and closing costs are not part of this payment. Interest rate is an example you can adjust, not an advertised rate. Your eligibility and actual payment may differ.
Review my numbers with Chad Plan for closing day
Estimate Ontario and Toronto land transfer taxes, plus common upfront costs.
Toronto purchases include both provincial land transfer tax and a separate City of Toronto municipal land transfer tax. Elsewhere in Ontario, the Toronto municipal tax does not apply.
In Ontario, 8% provincial sales tax on applicable mortgage insurance is payable at closing.
ESTIMATED CLOSING COSTS
$00,000
Ontario land transfer tax$0
Toronto municipal land transfer tax$0
Ontario first-time buyer rebate−$0
Toronto first-time buyer rebate−$0
Total land-transfer rebates−$0
Legal and other closing expenses$3,000
Ontario insurance premium tax$0
Estimate for typical residential purchases registered in 2026. Land-transfer rebates require eligibility, including prior home ownership and residency tests; they are not automatic. Excludes down payment, non-resident taxes, HST on new builds, special levies, moving and property-specific expenses. Confirm actual amounts with your lawyer.
Get a personalized estimate 2026 ONTARIO BUYER BENEFITS
What could you qualify to save?
Estimate first-time buyer land transfer tax relief, and explore possible tax relief on new-build homes.
For Ontario / Toronto land-transfer refunds, you must generally never have owned a home anywhere in the world and meet other rules. Federal new-home programs have different eligibility definitions.
Ontario enhanced relief generally requires a builder agreement dated April 1, 2026 to March 31, 2027, plus construction, closing and principal-residence requirements. Assumes the home price does not already include HST or rebates.
POTENTIAL REBATES & TAX RELIEF — SUBJECT TO ELIGIBILITY
$4,000
Ontario land-transfer tax refund$4,000
Toronto municipal tax refund$0
Federal first-time buyer GST/HST relief$0
Ontario new-home provincial HST relief$0
Ontario new-home affordability top-up (ONHAP)$0
Land-transfer rebates shown above can reduce closing tax if you qualify.
These are illustrative potential benefits, not guaranteed cash back or an amount automatically available at closing. New-build tax rebates may already be reflected in builder pricing or assigned to the builder; do not subtract them twice. No rebates are counted for unclear eligibility or complex value ranges. Other existing new-housing rebates may apply. Verify contract dates, ownership, occupancy, tax treatment and exact amounts with Chad, your builder, lawyer and tax advisor. The federal Home Buyers' Amount, FHSA and RRSP Home Buyers' Plan are not included in this total.
Check my rebate eligibility with Chad
Calculation references: Ontario land transfer tax ↗ Toronto MLTT ↗ CMHC ↗ Ontario first-time buyer rebate ↗ Toronto rebate ↗ Federal FTHB GST/HST rebate ↗ Ontario 2026 new-home relief ↗
Looking for mortgage calculators and planning tools?
Open mortgage calculators & tools ↗Explore the Mortgage Architects planning app for mortgage estimates and additional resources. Ready to apply? Use the separate secure application link below.
RRSP Home Buyers’ Plan
Eligible buyers may withdraw up to $60,000 from an RRSP under the Home Buyers’ Plan, subject to rules and repayment obligations. This is not a rebate.
Learn about HBP ↗Federal Home Buyers’ Amount
Eligible buyers can claim a non-refundable federal tax credit after purchasing a qualifying home, subject to their income tax payable. It does not lower the amount due on closing day.
Learn about the credit ↗