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Free Calculator — Updated 2025

Mortgage Calculator Hamilton 2025

Hamilton offers Toronto-area living at lower prices. Calculate your Hamilton mortgage payment, Ontario LTT, and CMHC insurance all in one place.

$780,000
Avg. Hamilton Home Price
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Est. Monthly Payment
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Min. Down Payment

Hamilton Mortgage Calculator

Average Hamilton home price: $780,000
Min. 5% for homes under $500K | 20% avoids CMHC insurance
Or enter a dollar amount directly
2025 average 5-year fixed rate: ~5.00%–5.50%
Max 25 years for insured mortgages (under 20% down)
Estimated Monthly Payment
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CMHC Insurance
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CMHC Insurance Required: Down payment under 20%. Insurance premium added to mortgage principal.

Ontario Land Transfer Tax / Property Transfer Tax

Ontario Land Transfer Tax only (Hamilton has no municipal LTT). On a $780,000 home: approximately $13,975.

Hamilton buyers pay Ontario's provincial LTT only — no municipal tax like Toronto. On a $780,000 home, Ontario LTT is approximately $13,975. First-time Ontario buyers get up to $4,000 in LTT rebates.

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FAQ — Mortgages in Hamilton

What is the average home price in Hamilton in 2025?
Hamilton's average home price is approximately $780,000 in 2025. Hamilton has become popular with Toronto commuters and remote workers. Detached homes average $900,000+ while semi-detached and condos range from $500,000–$700,000.
Is it cheaper to buy in Hamilton vs Toronto?
Yes — Hamilton averages $780,000 vs Toronto's $1,100,000. You save approximately $320,000 on the purchase price, $6,400+ in lower LTT (Hamilton has no municipal LTT), and thousands in monthly mortgage payments. GO Train access makes Hamilton viable for Toronto commuters.
What is Ontario's land transfer tax in Hamilton?
Ontario LTT on a $780,000 Hamilton home is approximately $13,975. First-time buyers get a rebate up to $4,000, reducing the net LTT to ~$9,975. Unlike Toronto, there's no additional municipal land transfer tax.
What neighbourhoods in Hamilton are most popular with buyers?
Westdale (near McMaster), Durand, Strathcona, and Stoney Creek are popular with families and professionals. Downtown Hamilton has seen major revitalization. Ancaster and Dundas offer more suburban options. Prices vary significantly — research specific MLS listings for current area pricing.
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Tax Deadline: April 30, 2026

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