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Down payment and mortgage insurance
The premium goes on the mortgage. The 8% Ontario tax on the premium does not — it is due in cash on closing day and is the line most first-time buyers have never heard of.
Your numbers
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You get this page as a PDF. We get your figures, so if you want to talk, the conversation starts from your actual situation.
Estimates only, for information. Not mortgage, tax or legal advice. Rates, rules and rebates change; confirm every figure with your lender, lawyer and the CRA before you rely on it.
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