Tools
Run the numbers before you talk to a lender
Each tool is built on Ontario and federal rules, with its assumptions written out. The tools run in your browser: the amounts you type are never sent to us.
Tools for buying a home
- Mortgage payment →
- Estimate your mortgage payment, the default-insurance premium and Ontario sales tax on it, for monthly, bi-weekly or weekly payments.
- Affordability →
- Estimate the maximum price you could qualify for, using the federal mortgage stress test and standard debt-service limits.
- Land transfer tax →
- Calculate Ontario land transfer tax, Toronto's municipal land transfer tax and the first-time buyer refunds, with 2026 Toronto rates.
- Default insurance (CMHC) premium →
- Work out the mortgage default insurance premium on less than 20% down, the 30-year surcharge and Ontario's 8% sales tax due at closing.
- Stress test →
- See the rate you must qualify at under the mortgage stress test (your rate + 2% or 5.25%) and the payment the lender tests you on.
- Closing costs →
- Add up the cash you need to close in Ontario: down payment, land transfer tax (with Toronto's and first-time buyer refunds), sales tax on insurance, and your quotes.
Tools for refinancing and using your home equity
- Refinance equity →
- Estimate how much cash a refinance could free up: up to 80% of your home's value, minus what you owe and the cost of breaking your mortgage.
- HELOC room →
- See how much home equity line of credit room you may have under the 65% revolving and 80% combined limits for federally regulated lenders.
- Penalty estimator →
- Estimate the cost of breaking your mortgage early: three months' interest or the interest rate differential (IRD), and why lenders' numbers differ.
- Debt consolidation →
- Compare your current payments with one consolidated mortgage payment, and the total interest each way, before you refinance to pay off debt.
Tools for renewing and comparing mortgage offers
- Renewal vs switch →
- Compare your lender's renewal offer with switching lenders, see your payment under four rate scenarios, and your renewal calendar.
- Compare your offers →
- Enter two or three mortgage offers you received and compare the payment, interest and fees over the term, and what you'll still owe at the end.
- Fixed vs variable over time →
- See how a fixed and a variable mortgage compare over a 5-year term if prime stays flat, rises or falls, with Bank of Canada posted-rate history since 2000.
- Prepayment savings →
- See how much interest and time you'd save by paying extra each month or a yearly lump sum on your mortgage.
- Offer check →
- Check a renewal, refinance or purchase offer in Ontario: the terms beyond the rate, where the rate sits against the Bank of Canada posted series, and what to ask.
- Payment shock at renewal →
- See how much your mortgage payment could change at renewal, in dollars and percent, and the levers that soften the jump.
Tools for planning ahead, rentals and self-employed income
- Total cost of holding →
- Compare two Ontario mortgage structures over the years you'll keep the home: payments, interest, balance, carrying costs and the penalty if you leave mid-term.
- Rental cash flow →
- See an Ontario rental's monthly cash flow and how far the rent covers the mortgage, and how lenders generally count rental income. Estimates only.
- Income as lenders see it →
- For self-employed and business owners in Canada: the starting point lenders generally use for your income, the documents they ask for, and questions for your accountant.
- Bridge gap →
- Buying before you sell in Ontario? Estimate what owning two homes costs for the days in between: both payments, carrying costs and bridge loan interest and fees.
Quiz, guides and checklists
Which mortgage structure fits?Six questions → fixed or variable, term length, what to look for. No rates, no lenders.Document checklistWhat lenders ask for at pre-approval, purchase, refinance and renewal — printable.How to negotiate your renewalA checklist, the questions to ask, and a renewal-letter decoder.Understand your refinance termsOpen vs closed, IRD, collateral charge, blend-and-extend — in plain English.
No cost to talk
Ask a mortgage broker to call you back
Tell us what you're planning for a home in Ontario and a good number to reach you. We call back within one business day, usually sooner. We ask for documents only once we know which ones your mortgage needs.
You can also call us at (416) 371-2077.