★ TOOL · DOWN PAYMENT CALCULATOR · 2026

How much do you actually need to close?

It's not just the down payment. CMHC insurance premiums, land transfer tax, legal fees, home inspection, and title insurance add up to ~3-5% of home price on top of your down payment. Use this to plan your total cash-at-closing.

★ HOME PURCHASE

FEDERAL MINIMUM$35,0005% on first $500K + 10% on $500K-$1.5M + 20% on $1.5M+

★ TOTAL CASH NEEDED

$70,475
DOWN PAYMENT$60,000
LAND TRANSFER TAX (ON)$8,475
LEGAL + INSPECTION$2,000
★ YOUR MORTGAGE WILL BE INSURED (CMHC)
MORTGAGE BEFORE INS.$540,000
CMHC PREMIUM (3.10%)$16,740
MORTGAGE AT FUNDING$556,740

★ CMHC premium is added to mortgage and amortized — not paid upfront. But it makes your mortgage larger.