Built for how new construction actually works here, including the costs that surprise people at closing. No sign-in, nothing captured, nobody calls you. Use them and leave if that's all you needed.
Estimates only, not financial advice. Excludes property tax, home insurance and utilities. Below 20% down, mortgage default insurance is mandatory and the premium is added to your loan — so you borrow it and pay interest on it for the life of the mortgage. This shows the payment at the rate you enter. Your lender will separately qualify you at a higher rate, which is a question for your mortgage professional, not this page. Insurance is unavailable at all above a $1.5 million purchase price, and above that you need 20% down. Thirty-year amortization is available on insured mortgages for first-time buyers and for buyers of newly built homes — which is everyone on this site. It lowers the payment and raises the total interest; the comparison above shows both. Talk to a mortgage professional before relying on any of this.
Same mortgage, same rate. The only change is putting one extra payment straight against the principal. Every figure below is a full month-by-month amortization, not a rule of thumb.
| What you do | Monthly out | Total interest | Paid off in | Interest saved |
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Assumes the extra goes entirely to principal on the date shown, the rate holds for the whole amortization, and you never skip a payment. Real mortgages cap what you can prepay. In 2026 the major banks and the monoline lenders most of our clients use commonly offer 15/15 — a lump sum of up to 15% of the original mortgage amount each year, plus the right to raise your regular payment by up to 15%. A few allow 20%, and some allow the payment to double. One extra payment a year sits comfortably inside every privilege we have seen; doubling every month does not. Two details worth knowing: the allowance is a percentage of what you originally borrowed, not your current balance, so it does not shrink as you pay down — and it resets on your mortgage anniversary and does not carry forward, so an unused year is simply gone. Going over the limit triggers a prepayment charge. Check your own commitment before planning around any of this.
Estimate only, not legal or tax advice. Ontario land transfer tax is calculated on the published brackets; the first-time buyer refund is up to $4,000. Brampton and Caledon charge no municipal land transfer tax — that's Toronto only, and it saves a buyer here roughly the same amount again. Tarion enrolment, utility and adjustment figures are typical ranges, not quotes; your agreement of purchase and sale governs. Development charges are the line that varies most — read your agreement, and ask whether they are capped.
Why this doesn't look up an address or MLS number
MLS listing data in Ontario is licensed through TRREB and PropTx, and a website can only pull it with a signed IDX/DDF agreement and an authorised feed. We don't scrape it. Enter a comparable you've found and the maths works identically — or ask us and we'll pull real comparables for a specific address, which takes about ten minutes.
Deposit structures vary more than prices do. Across the communities we cover they run from $60,000 to $175,000, over anything from six months to a full year. It's the single most negotiable term in a pre-construction agreement and the one people think about last.
| Due | Date | Amount | Running total |
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We'll do it on a specific home, with a mortgage professional on the call and real comparables pulled from the board — including telling you when the numbers say don't buy.