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Hinchey Homes Real Estate Team, eXp Realty, Brokerage
Hank the beaver
Buyer Calculators

Run the
real numbers.

Sixteen calculators built for Durham Region buyers, owners, and investors. The math is free and needs no sign-up.

Your Estimate

Monthly payment$3,542.23
Base mortgage$640,000
Total mortgage amount$640,000
Total interest paid$422,668
Total cost of mortgage$1,062,668

Canadian convention: rates compound semi-annually, paid monthly. Mortgage default insurance (CMHC, Sagen or Canada Guaranty) is added at CMHC’s premium when the down payment is below 20% on homes under $1.5 million (the only homes eligible); its 8% Ontario sales tax is cash at closing, not part of the mortgage. Property tax, home insurance, and utilities are not included. See Total Cost of Ownership.

Rate shown is 4.50% (5-year fixed, reviewed Oct 31, 2026).

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How buying works in Durham and beyond, from pre-approval to the keys, in one free guide.

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Estimates only, not financial advice. Confirm everything with your mortgage broker, lawyer, and accountant before making a real-money decision. We’re happy to walk you through any of these in person.

Worked Examples

The numbers on one home.

  • On a $700,000 home the minimum down payment is $45,000: $25,000 on the first $500,000 plus $20,000 on the next $200,000.
  • On a $700,000 home, Ontario land transfer tax alone is $10,475, or $6,475 for an eligible first-time buyer.
  • Buyers who are not Canadian citizens or permanent residents also pay Ontario's 25% Non-Resident Speculation Tax, on top of land transfer tax, anywhere in Ontario (at that rate since October 25, 2022), unless an exemption applies. Rebates and refunds exist in some cases; your lawyer confirms.

The whole process, the first-time buyer programs and what each cost is for are on our buying page, with who to call after you get the keys.

Ready to run these numbers
on a real home?

These calculators give you the framework. We give you the local expertise. Book a free strategy call and we will walk through the math on the specific home you have your eye on.

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