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First-Time Home Buyer Calculator

Estimate the cash you need to buy your first home in Ontario, including the rebates and incentives you qualify for.

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Meets the minimum down payment of $45,000.

Incentives you may qualify for
  • Ontario land transfer tax rebateUp to $4,000
  • First-Time Home Buyers' Tax Credit$1,500
  • Home Buyers' Plan (RRSP withdrawal)Up to $60,000
  • First Home Savings Account (FHSA)Up to $40,000
Cash needed to close
$61,055
Down Payment$50,000
Land Transfer Tax$6,475
LTT Rebate-$4,000
PST on CMHC Insurance$2,080
Legal & Closing Costs$2,500
CMHC Insurance$26,000

Added to your mortgage (not paid in cash) when down payment is under 20%.