MovingDurhamMovingDurhamDurham Region · Schools & Homes

Selling + Buying

Sell + Buy Calculator

Find your Magic Number after selling — then see what your future monthly housing payment could look like on your next home.

Start With Real Numbers

Don't Guess Your Home's Value

Your Magic Number starts with what your current home could realistically sell for. Request a current home evaluation from Kenneth before relying on an estimated sale price.

Get My Home Evaluation

Current Home

$
$

Next Home

$

Land transfer tax on your next home is always calculated from this purchase price.

Your Estimated Available Down Payment

$378,500

Your Magic Number — estimated cash available toward your next purchase

How Much of It Goes Into the Next Home?

Your Next Home

Estimate Your Future Mortgage

Purchase price of $1,100,000 with a down payment of $378,500 (34.4%).

%

Canadian fixed rates are compounded semi-annually in this calculation.

Property Tax

Bowmanville, Courtice and Newcastle are part of the Municipality of Clarington.

Property tax estimate not yet available

$

Property tax is an estimate for planning purposes. Actual property taxes are based on the property's assessed value and applicable municipal and education tax rates and may differ from this estimate. Confirm the actual property tax for a specific property before making a purchase decision.

Your Estimated Future Monthly Payment

$4,394 / month

Approximate mortgage + property tax + applicable condo fee

Your Next Home

Purchase Price$1,100,000
Magic Number / Estimated Down Payment34.4% of the purchase price$378,500
Estimated Mortgage$721,500
Interest Rate4.25%
Amortization25 Years

Monthly Cost

Estimated Mortgage Payment$3,894 / month
Estimated Property Tax$500 / month
Estimated Monthly Housing Payment$4,394 / month
See Full Breakdown

Selling Your Current Home

Current Home Sale Price$850,000
Current Mortgage Balance-$400,000
Real Estate Commission (5%)-$42,500
HST on Commission (13%)-$5,525
Estimated Seller Legal Fees-$2,500

Buying Your Next Home

Land Transfer Tax on New PurchaseBased on a $1,100,000 purchase price-$18,475
Estimated Buyer Legal Fees-$2,500
Your Magic Number$378,500

Your Next Mortgage

Down Payment$378,500
Down Payment %34.4%
Base Mortgage$721,500
Total Mortgage Amount$721,500
Interest Rate4.25%
Amortization25 Years
Payment (Monthly)$3,893.65

Monthly Housing Payment

Mortgage Payment$3,894 / month
Estimated Property Tax$6,000 annually$500 / month
Total Estimated Monthly Housing Payment$4,394 / month

The Journey

From Home Value to Monthly Payment

  1. Current Home Value$850,000
  2. Selling Costs + Mortgage Payout-$450,525
  3. Magic Number$378,500
  4. Used as Down Payment$378,500
  5. New Home Purchase Price$1,100,000
  6. Estimated New Mortgage$721,500
  7. Interest Rate + Amortization4.25% · 25 yrs
  8. Property Tax$500 / month
  9. Estimated Future Monthly Housing Payment$4,394 / month

Planning to sell + buy?

Now You Know the Number. Build the Strategy.

The next step is making sure the type of home you want is coming to market frequently enough before deciding when to sell your current home.

See Kenneth's Sell + Buy StrategySchedule a Call With Kenneth

Start with an accurate sale price

Your Calculation Is Only as Good as Your Sale Price

If you're estimating what your current home could sell for, request a Home Evaluation from Kenneth so you can build the calculation around a more informed sale-price estimate.

Get My Home Evaluation

This calculator is provided for planning purposes only. Sale proceeds, mortgage payouts, selling costs, legal fees, Land Transfer Tax, mortgage insurance, interest rates, property taxes, condo fees and lender requirements may differ from these estimates. Mortgage calculations do not represent financing approval. Property tax estimates may use purchase price as a planning proxy when actual assessed value is unavailable. Confirm property taxes for a specific property, closing costs with your lawyer, and financing with your mortgage professional before making a purchase decision.

Estimates are provided for planning purposes only. Tax rules, eligibility and transaction circumstances can affect the final amount payable. Confirm your actual Land Transfer Tax and eligibility for any first-time buyer refund/rebate with your real estate lawyer.