Oakville & Ontario home-buying cost calculator
Estimate the minimum down payment, Ontario land transfer tax, eligible first-time-buyer refund, CMHC mortgage-insurance premium, closing cash and monthly mortgage payment.
Important: This calculator is for an owner-occupied Ontario home and uses standard planning assumptions. It does not calculate Toronto's separate municipal land transfer tax, non-resident speculation tax, HST/new-home rebates, lender-specific fees or every possible closing adjustment.
Rules built into the estimate
- Ontario land transfer tax uses the provincial marginal brackets for one- or two-family residences.
- The minimum down-payment logic uses 5% of the first $500,000 and 10% of the portion from $500,000 to below $1.5 million; homes at $1.5 million or more require at least 20% for this insured-mortgage planning logic.
- If the down payment is below 20% and the mortgage is eligible for insurance, the tool estimates the CMHC premium from loan-to-value. A 0.20% surcharge is added when a 30-year insured amortization is selected and marked eligible.
- Ontario's 8% retail sales tax on the mortgage-insurance premium is shown as cash due rather than added to the mortgage.
Official sources
Use the result
Apply your budget to actual Oakville properties
Get matching homes from Victoria, or send a listing you have already found.
Property-specific help
When your research becomes property-specific
Victoria Brodsky, Realtor® with Realty 7 Ltd., Brokerage reviews the real-estate context on this resource site. When you are ready for current properties, a home-value discussion or representation, continue with Victoria on ListingsRealEstate.ca.
ListingsRealEstate.ca is the separate real-estate service website.