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Canadian mortgage calculator

Canadian home closing-cost calculator

Estimate transfer tax, legal costs, title insurance, inspection, appraisal, adjustments, moving, and mortgage insurance.

Private inputs · Transparent assumptions

Your decision ledger

Closing costs

Change the assumptions below. Your inputs and results remain in this browser and are not sent to RateReset.

  1. 01Facts
  2. 02Change
  3. 03Compare

Toronto includes both provincial and municipal tax.

Enter your values to see results.

How to use this result

Start with the decision, then inspect the assumptions.

The cash needed to close is greater than the down payment. Transfer taxes or registration charges depend on location, while legal fees, adjustments, inspection, and moving costs depend on the transaction.

How the calculation works

The rule engine selects the configured provincial or municipal transfer schedule, then adds editable planning allowances. Mortgage default insurance is shown separately because it is commonly added to the mortgage rather than paid as cash at closing.

For the full notation, rate conversion, rounding approach, and limitations, see the calculation methodology.

Worked Canadian example

Put the estimate in context

An Ontario buyer purchasing for CA$650,000 with CA$65,000 down would estimate provincial land transfer tax, legal fees, title insurance, inspection, appraisal, adjustments, and moving costs. If the property is in Toronto, the municipal tax is added.

Before relying on it

Common mistakes

  1. 01Budgeting only the down payment.
  2. 02Forgetting municipal transfer tax in Toronto or location-specific rates in Quebec and Nova Scotia.
  3. 03Treating financed mortgage insurance as available cash for closing.
  4. 04Ignoring prepaid property-tax or utility adjustments.

Clear answers

Frequently asked questions

Is mortgage insurance a cash closing cost?

The premium is often added to the mortgage, while provincial tax on the premium may be payable in cash where applicable. Confirm with the lender and lawyer.

Are first-time-buyer rebates included?

Not in this initial estimate. Eligibility and timing vary, so the result conservatively shows gross configured tax.

Continue comparing

Related calculators

Land transfer taxEstimate progressive transfer tax or registration charges using versioned provincial and municipal rules.Mortgage paymentCalculate a Canadian mortgage payment, term interest, principal repaid, and an optional monthly ownership budget.AffordabilityEstimate a maximum mortgage and purchase price using visible GDS, TDS, and stress-test assumptions.

Official references

Sources used

Full source registry

Estimates are for educational purposes and may differ from lender calculations, contractual terms, taxes, fees, or regulatory requirements. Read the full disclaimer.

Last reviewed July 26, 2026. Content is marked for financial and compliance editorial review before material policy changes are published.