Limelight Realty, London Ontario

Home price

Down payment

Interest rate

Amortization

Term

Payment frequency

First-time buyer (enables 30-yr amortization on insured mortgages and Ontario LTT rebate up to $4,000)

Optional: include other monthly costs

Annual property tax

$ / yr

Monthly heat / utilities

$ / mo

What if you paid more?

Extra monthly payment

$ / mo

One-time lump sum (year 1)

Mortgage payment

per month

Monthly cost

Mortgage$0
Property tax$0
Heat / utilities$0
Total monthly cost$0

CMHC insurance

Status—
Premium rate0%
Premium$0
Loan-to-value0%
Total mortgage (loan + premium)$0

Stress test

You must qualify at the higher of your contract rate plus 2% or 5.25%.

Qualifying rate0%
Qualifying payment$0

Cash to close

Down payment$0
Ontario Land Transfer Tax$0
First-time buyer rebate−$0
Estimated legal / title$2,000
Cash needed at closing$0

Figures are estimates for planning purposes only. Speak with a licensed mortgage professional for official quotes. Calculator uses Canadian semi-annual compounding and current CMHC + Ontario rules.