Kitchener / Waterloo Mortgage Payment Calculator
Estimate your payment, mortgage insurance and closing costs on an Ontario home.
Your estimated payment
$0
Mortgage before insurance
Mortgage default insurance
Total mortgage
Interest over the term
Balance at end of term
Cash needed to close
Down payment
Ontario land transfer tax
Sales tax on mortgage insurance
Other closing costs
Total
Compare down payments
| Down payment | Amount | Insurance | Total mortgage | Payment |
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Cash needed to closeAdd your own closing costs to the down payment and taxes
Down payment
Ontario land transfer tax
Sales tax on mortgage insurance
These three come from the calculator above. The amounts on the right are common estimates; replace them with your own quotes.
Total cash needed to close
Monthly expensesSee the full monthly cost of owning the home
Mortgage payment (monthly equivalent)
Total monthly expenses
Interest rate riskWhat your payment could be if rates are different at renewal
| Rate at renewal | Interest rate | New payment | Change |
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Amortization scheduleHow your balance falls over time, year by year
| Year | Principal paid | Interest paid | Balance at year end |
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Ready for a real number?
A pre-approval tells you exactly what you can spend and holds your rate while you shop. I can introduce you to a mortgage broker I trust.