Free Financial Tools

Knowing your options and costs is very important when buying a home. Doing your own research, as most buyers and sellers do even before contacting a realtor, is a smart thing to do. There are many articles and free tools available online to make your decisions easier and more informed. The three financial tools in the tabs below will allow you to quickly calculate and consider your options.

Calculators are courtesy of Right at Home Realty Inc., Brokerage. Links will open in a new tab.

Click here to calculate your mortgage payment, optimized for Ontario residents. This free calculator will allow you to compare different downpayment scenarios, amortization periods, interest rates and payment frequencies. You can also view an amortization schedule and more.

Click here to figure out the Land Transfer Tax payable based on location in Ontario. Please make sure you select the city you are buying a property in to get the proper Land Transfer Tax (LTT) amount, as well as mark “first time buyer” (if applicable) to apply any rebates currently allowed.

Click here to calculate the cost of CMHC Insurance based on numerous downpayment options. Simply typing your potential or planned purchase price will allow you to consider 4 different scenarios with 5%, 10%, 15% and 20% downpayments.