Toronto Moving out versus renovating calculator

Let's start with the costs associated with selling your property

Skip This question if you do not have an outstanding mortgage balance

3.5%

0%
8%

This will help us Calculate your mortgage penalty

$200,000

$0
$3,000,000

$500,000

$100,000
$5,000,000

In most cases, the penalty will be 3 months worth of interest

~0.5% Of sale price

Assuming a 5% commission & considering HST (13%)

~1% Of sale price

~0.25% Of the sale price

~0.5% Of sale price

Total cost of sale