Your purchase
Affects BC property transfer tax exemptions.
Estimated payment
$0 /month
Mortgage breakdown
- Down payment—
- Base mortgage—
- Mortgage default insurance —
- Total mortgage—
Closing costs to budget for
- BC property transfer tax —
- Legal fees (typical estimate)$1,500 – $2,500
Want the full picture? Use the closing costs calculator.
Over your amortization
- Interest over amortization—
- Total of all payments—
Your mortgage
Already know your mortgage amount? Perfect for renewals, refinances or comparing scenarios.
See where you'll stand at renewal.
Estimated payment
$0 /month
At the end of your 5-year term
- Principal paid—
- Interest paid—
- Balance remaining at renewal—
Over the full amortization
- Total interest—
- Total of all payments—
Your purchase details
New homes add 5% GST but may qualify for exemptions.
Adjust the typical fees below to match your quotes
Estimated closing costs
$0
Taxes
- BC property transfer tax —
- GST (5% — new homes) —
Professional fees & other costs
- Legal / notary fees—
- Home inspection—
- Appraisal—
- Title insurance—
- Moving costs—
- Other / buffer—
- Total estimated closing costs—
Rule of thumb: budget 1.5%–4% of the purchase price on top of your down payment. Lenders typically want to see you have at least 1.5% available.
About these numbers. Payments use Canadian semi-annual compounding. Mortgage default insurance premiums follow standard insurer tiers — 4.00% / 3.10% / 2.80% of the loan at up to 25-year amortization, or 4.20% / 3.30% / 3.00% at 30-year amortization — and apply when the down payment is under 20%; insurance isn't available for purchases of $1.5M or more. BC property transfer tax is calculated at 1% on the first $200,000, 2% up to $2M, 3% above $2M, plus 2% on the residential portion above $3M — first-time buyer and newly built home exemptions may reduce this. GST applies to newly built homes, with a partial rebate for homes under $450,000. These are estimates for planning only, not a quote or approval. Talk to us for numbers specific to your situation.