Home Buyer
Calculators
Understand the numbers behind your GTA home purchase before making one of life's biggest financial decisions. Estimate affordability, mortgage payments, mortgage insurance, land transfer tax and mortgage renewal scenarios.
Five Calculators. One Smarter Home-Buying Plan.
A property's asking price is only one part of the financial picture. Use the HomeOfDreams calculator suite to understand your potential purchase range, financing, mortgage insurance and important purchase costs before you begin your home search.
Start With Mortgage Affordability
Estimate the purchase range your income, down payment, existing debts and housing costs may support. Then use the remaining calculators to build a more complete picture of your potential purchase.
Then Build the Complete Picture
Once you have an approximate price range, continue through the other tools.
- Estimate your mortgage payment
- Check potential mortgage insurance
- Calculate land transfer tax
- Compare future renewal scenarios
Choose the Calculation You Need
Each calculator answers a different financial question. Use one tool or move through the full suite to better understand your GTA home-buying plan.
Mortgage Affordability Calculator
Estimate a potential home-buying range using household income, available down payment, monthly debts, housing expenses and financing assumptions.
- Household income and debt
- Housing-cost assumptions
- Estimated mortgage capacity
- Estimated maximum purchase price
Mortgage Payment Calculator
Estimate mortgage payments using your purchase price, down payment, mortgage rate, amortization and payment frequency.
- Mortgage principal
- Estimated mortgage payment
- Total estimated interest
- Payment-frequency scenarios
Mortgage Insurance Calculator
Estimate mortgage default insurance premiums and see how your down payment can affect the premium and total insured mortgage.
- Minimum down-payment guidance
- Estimated insurance premium
- Ontario premium tax
- Total insured mortgage
Land Transfer Tax Calculator
Estimate Ontario land transfer tax, Toronto municipal land transfer tax where applicable and potential first-time home buyer rebates.
- Ontario land transfer tax
- Toronto municipal tax
- First-time buyer rebates
- Estimated tax payable
Mortgage Renewal Calculator
Compare your current mortgage payment with a potential renewal rate and see how the change could affect your payment, annual cash flow and estimated remaining interest.
Use the Calculators in a Logical Order
You do not need to use every calculator, but this sequence can help turn separate estimates into a more complete home-buying plan.
Affordability Estimate a potential buying range.
Mortgage Payment See how financing assumptions affect the payment.
Insurance & Land Transfer Tax Estimate insurance and land transfer tax.
Search for a Home Focus on properties that fit your financial plan.
Use the Numbers as Planning Tools, Not Just Answers
A home purchase involves more than one calculation. Your actual financing and closing costs can depend on the property, lender, mortgage program and your individual circumstances.
A Comfortable Budget Matters More Than the Maximum
The maximum mortgage you may qualify for and the amount you feel comfortable spending do not necessarily need to be the same.
- Keep emergency savings available
- Leave room for normal living expenses
- Consider repairs and future ownership costs
- Allow for closing costs
- Protect your broader financial goals
Turn the Numbers Into a Smarter GTA Home Search
Once you understand your approximate budget, financing position and purchase costs, focus your search on homes that fit both your financial plan and your lifestyle.