🏠 Home Details
Purchase Price & Property Tax
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💡 How your deposit works: Your deposit is paid when you firm up your offer and goes directly toward your down payment. On closing day, the deposit + remaining down payment + mortgage funds all flow to your lawyer's office — your lawyer then sends the full amount to the seller to complete the purchase.
🔍 Property tax estimated at 0.80%. Override with the actual amount once you know the property — your realtor or the listing can confirm this.
Rental Income (Optional)
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🏘 Basement suite / secondary unit rental income can be used to help qualify for your mortgage — but the unit must be a fully self-contained suite with its own separate kitchen, bathroom, and bedroom. Ask your mortgage coach if your property qualifies.
Buyer Profile
Property is located in Toronto
Adds Toronto Municipal Land Transfer Tax on top of Ontario LTT
Adds Toronto Municipal Land Transfer Tax on top of Ontario LTT
Down Payment
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Mortgage Terms
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🏦 Our default rate is 4.5%. We constantly monitor the market — finding not just the best rate, but the best product for your situation.
⏱ 30-year amortization is available for first-time buyers purchasing a newly built home, or buyers with 20%+ down payment.
📋 Closing Costs
Land Transfer Tax Auto-Calc
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✅ Ontario first-time buyer rebate automatically applied — up to $4,000 off your land transfer tax.
Legal Fees
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Title Insurance, Appraisal & Other
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⚠️ May be required prior to mortgage approval — ask your coach if this applies.
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CMHC Mortgage Insurance Auto-Calc
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The CMHC premium is added to your mortgage balance. The 13% HST on CMHC is due at closing — it is not added to the mortgage.
📅 Monthly Costs
Monthly Utilities
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📦 Moving Expenses
Moving Day Costs
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🔨 Initial Renovations
Reno Budget
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Mortgage Details
Purchase Price$0
Down Payment$0
Deposit (already paid)$0
Base Mortgage$0
+ CMHC Premium$0
Total Mortgage$0
Rate / Amortization4.5% / 25 yrs
Monthly Costs
Mortgage Payment$0
Property Tax /mo$0
Utilities /mo$0
Net Monthly Cost$0
Mortgage Payment
$0
Monthly
Net Monthly Cost
$0
Mortgage + Tax + Utils
Closing Day — Full Breakdown
Down Payment (less deposit)$0
Deposit already paid$0
Ontario Land Transfer Tax$0
— FTHB Rebate (Ontario)−$0
Legal Fees$0
HST on Legal Fees$0
Title Insurance$0
Appraisal Fee$0
Home Inspection$0
HST on CMHC (due at closing)$0
Other Closing Costs$0
Total to Closing Table$0
Total Needed at Closing Table
$0
Down payment + closing costs
Moving Expenses
Truck / Movers$0
Packing Supplies$0
Storage$0
Utility Deposits$0
Total Moving$0
Initial Renovations
Flooring$0
Paint$0
Appliances$0
Other Renos$0
Total Renovations$0
💰 Grand Total — Everything Day One
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No guessing. No surprises. Just a clear blueprint for one of the biggest days of your life.
📞 Book Your Free Strategy Call with Adam
