Harmeet Singh, REALTOR®Tools › Mortgage
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.
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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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