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Mortgage calculator centre

One scenario.
Clearer decisions.

Start with the question you need answered. Every result shows its assumptions, limitations and the items that still require lender or professional review.

Popular closing-cost toolOntario & Toronto land transfer taxOpen calculator →
01
Popular closing tool

Ontario & Toronto land transfer tax

Estimate provincial and Toronto municipal land transfer tax, with each eligible first-time buyer rebate shown separately.

Ontario LTTToronto MLTTUp to $8,475 rebates
02
Qualification

Mortgage affordability

Estimate a maximum mortgage and purchase price using income, debts and the mortgage stress test.

Maximum mortgagePurchase priceQualifying rate
03
Payment

Mortgage payment

Compare payment frequencies, five-year interest and remaining balance using Canadian compounding.

PaymentTerm interestRemaining balance
04
Purchase

Down payment & insurance

Check the minimum down payment, mortgage-insurance premium and Ontario premium tax.

Minimum down paymentInsurance premiumTotal mortgage
05
Closing

Cash needed to close

Combine down payment, land transfer tax, mortgage-insurance tax and common closing estimates.

Cash to closeLand transfer taxOther costs
06
Renewal

Mortgage renewal comparison

Compare payment, five-year interest and balance at your existing and proposed renewal rates.

Payment changeFive-year interestRemaining balance
07
Refinance

Refinance break-even

Estimate switching costs, monthly savings and how long it may take a lower rate to break even.

Monthly savingsSwitching costBreak-even
08
Payoff

Prepayment savings

See how extra monthly payments and annual lump sums may shorten amortization and reduce interest.

Time savedInterest savedNew payoff date
09
Penalty

Mortgage penalty estimate

Compare a three-month-interest estimate with a simplified interest-rate-differential estimate.

Three-month interestSimplified IRDEstimated penalty
10
Private mortgage

Home equity & private mortgage

Estimate borrowing capacity, net cash, fees, interest-only payment and combined LTV.

Available equityNet proceedsTotal term cost
11
Equity

Debt consolidation

Estimate available secured capacity and compare current debt payments with a refinanced amount.

Consolidation capacityPayment changeWeighted rate
12
Decision

Rent vs. buy

Compare projected homeowner equity with a renter's invested funds under adjustable assumptions.

Owner net equityRenter investmentsDifference
13
Investor

Rental property cash flow

Estimate monthly cash flow, NOI, cap rate, cash-on-cash return and DSCR.

Monthly cash flowCap rateDSCR

One trusted calculation source

Built once. Useful wherever you start.

These calculators can be used on Jessie Long Mortgage and embedded by approved partner sites such as GTAHome. The formulas and disclosures remain centrally maintained here.