Tools

Buyer Cash-to-Close Calculator

Estimate how much cash you may need for an Ontario resale home purchase, including your remaining down payment, land transfer taxes and the closing-cost estimates you enter.

Important

This is a planning estimate based on the information you enter. It does not determine mortgage approval, rebate eligibility or your final legal closing amount.

Designed for resale residential purchases in Ontario. New-construction and assignment purchases are not included.

Non-resident / non-Canadian purchasers: this calculator does not calculate Ontario NRST, Toronto MNRST, or determine whether federal purchase restrictions or exemptions apply. Obtain legal advice before relying on this estimate.

Note

Your calculation stays in your browser. These values are not submitted or saved by JessieViray.ca.

Purchase Details

Property Location

Ontario — Outside Toronto

City of Toronto

Purchase Price

Intended Down Payment

Deposit Already Paid

Enter a purchase price above $0 to begin.

What does cash to close mean?

"Cash to close" generally refers to the money a buyer needs on hand — separate from the mortgage itself — to complete a purchase. This calculator breaks that down into a few distinct pieces: your total intended down payment, any deposit you've already paid toward it (so it isn't counted twice), the remaining down payment still due at closing, applicable land transfer taxes, and the closing costs and broader planning expenses you enter.

What this calculator includes

Key Takeaways

General minimum down payment reference, based on federal insured-mortgage thresholds.
Remaining down payment at closing, after your deposit.
Ontario Land Transfer Tax, with an optional full first-time-buyer refund assumption.
Toronto Municipal Land Transfer Tax (when applicable), with an optional full first-time-buyer rebate assumption.
An optional automated CMHC mortgage-insurance estimate, or a lender-provided premium you enter.
Ontario's provincial tax on a mortgage-insurance premium, shown separately as a cash item.
Whatever legal, closing-adjustment, appraisal and other closing costs you choose to enter.

What this calculator doesn't determine

Mortgage approval or mortgage qualification
Legal entitlement to any rebate or refund
Your final statement of adjustments
Ontario NRST or Toronto MNRST
New-construction HST or new-home HST rebates
Exact legal fees or exact lender fees
Property-specific legal issues

Calculation Rules & Sources

Rules last verified: August 31, 2026. Statutory and program rules can change — figures here reflect the primary sources below as of that date, not a real-time feed.

How much you need for a down payment — Financial Consumer Agency of Canada (FCAC)
CMHC Purchase — Mortgage Loan Insurance — Canada Mortgage and Housing Corporation (CMHC)
Calculating Land Transfer Tax — Ontario Ministry of Finance
Land Transfer Tax Refunds for First-Time Homebuyers — Ontario Ministry of Finance
Municipal Land Transfer Tax (MLTT) Rates and Fees — City of Toronto
Municipal Land Transfer Tax (MLTT) Rebate Opportunities — City of Toronto
Mortgage Loan Insurance: Premium Information for Homeowner and Small Rental Loans — Canada Mortgage and Housing Corporation (CMHC)
CMHC Home Start — 30-Year Mortgages for First-Time Homebuyers — Canada Mortgage and Housing Corporation (CMHC)
Retail Sales Tax — Insurance and Benefits Plans — Ontario Ministry of Finance

Important

This calculator is for general planning purposes only. Results are estimates based on the information you enter and the calculation rules identified on this page. Actual amounts may differ. Confirm mortgage-insurance amounts with your lender and land-transfer tax, rebates, adjustments and closing requirements with your lawyer. This tool does not provide mortgage, legal, tax, appraisal or investment advice.