Estimate the monthly cost of a Windsor-Essex purchase, then connect with a trusted mortgage professional for qualification and current lending options.
Estimated Monthly Payment
$3,847
per month
Estimated Purchase Costs
You may qualify for up to $4,000 in Ontario Land Transfer Tax relief.
Eligibility depends on your ownership history, spouse ownership history, who is purchasing the property, principal-residence requirements, and other Ontario rules. Confirm eligibility with your lawyer before relying on this estimate.
Ontario's First-Time Homebuyers Refund has specific eligibility requirements. Previous home ownership, a spouse's ownership history, who is on title, principal-residence requirements, and other factors can affect eligibility. If multiple purchasers are involved and not everyone qualifies, the available refund may also be reduced. Confirm your eligibility and final Land Transfer Tax with your lawyer before closing.
For planning purposes only. Mortgage payments, Land Transfer Tax, potential first-time buyer refunds, taxes, insurance, closing costs, rates, qualification, and government programs may vary. Eligibility rules apply. Confirm current figures and eligibility with your mortgage, legal, tax, and other professional advisors before making a purchase decision.
Buying a New Build?
First-time buyers and some other purchasers of qualifying new homes may be eligible for significant GST/HST rebates. Eligibility can depend on the purchase structure, agreement date, property value, occupancy, and current government rules. This calculator does not estimate those rebates; programs change, and eligibility varies. Confirm current eligibility with your lawyer, tax professional, builder, or mortgage professional.
Ask About New-Build IncentivesA calculator gives you an estimate. A mortgage professional helps you understand what you may actually qualify for, the financing options available, and what a comfortable purchase looks like. We can connect you with a Windsor-Essex mortgage professional we trust.
5 percent on the first $500,000, 10 percent on anything above that, up to $1,500,000. Above $1.5M, you'll need 20 percent.
Required when your down payment is under 20 percent. Adds to your mortgage and is paid monthly.
Fixed locks your rate for the term. Variable shifts with the prime rate. Each has trade-offs depending on your timeline and risk tolerance.
A federal rule that qualifies you at a higher rate to make sure you can handle future increases.
Eligible first-time buyers in Ontario may qualify for a refund of up to $4,000 of provincial Land Transfer Tax on new or resale homes. Eligibility rules apply, and your lawyer should confirm the final amount.