Mortgage Calculator

?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
$19,000
$13,950
$11,900
$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
$494,000
$463,950
$436,900
$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Select Province
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
Mortgage Term
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Mortgage Rate
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Cash Needed
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
Total Cash Needed
=
$28,020*
$52,616*
$77,457*
$101,500*
* Plus Land Transfer Tax, please select province to calculate Land Transfer Tax

Contact Us

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Phone
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OR CALL
1.877.896.6727

Mortgage Calculator Examples

Once In A Lifetime Opportunity To Own This Huge 1 / 2 Acre Lot In Highland Creek With 2 Separate Dwellings. Very Secluded & Private With Lots Of Trees. Detached Garage / Workshop & Parking For 20 Vehicles. 52 Solar Panels Generating $11,000 / Year Income With Ontario Power Authority.**** Extras **** 4 Fridges, 2 Freezers, 3 Stoves, 3 Microwaves, 3 Dishwashers, 2 Washing Machines, 2 Dryers, 1 Tankless Water Heater & 1 Hot Water Heater, Above Ground Pool, Hot Tub, Tiered Deck And Gazebo, Detached 1.5 Car Garage / Workshop, 2 Sheds & Greenhouse. (Id:23934)
CALL1.877.896.6727
Property Price
$1,299,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$259,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,039,200
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$22,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$283,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$279,755
Monthly Payment
$4,130
Luxurious Tridel Parkside On Grandview, Gated Community In Heart Of North York Area In The Prestigious Willowdale Area, Well-Kept Immaculate Condition, Open Concept, Practical Layout Living & Dining Area With A Dedicated Family Room, Kitchen Features Breakfast Area With Center Island. Walking Distance To Ttc Subway, 24Hrs Metro, Steps To Schools,Library,Civic Center, Parks And More.**** Extras **** Stainless Steel Stove,Fridge, Dishwasher, Washer, Dryer,All Window Coverings. Amenities: 24Hr Security Guard,Gym,Indoor Pool,Whirlpool,Sauna,Visitor Parking,Party Room,Guest Suites, Billiards Room, Etc. (Id:23934)
CALL1.877.896.6727
Property Price
$869,000
Minimum Down Payment (%)
7.12%
Minimum Down Payment ($)
$61,900
Mortgage Insurance ($)
$32,284
Mortgage Required ($)
$839,384
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$13,855
Mortgage Insurance PST
$2,583
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$79,838
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$75,838
Monthly Payment
$3,336
Well Maintained 2 Bedroom + Solarium Corner Unit With Stunning Unobstructed Views Of Etobicoke Creek! Sprawling Over 1200 Square Ft This Sun-Filled Unit Features A Practical Eat-In Galley Kitchen With Tons Of Cabinets. Spacious Master With 3Pc Bath. Ensuite Laundry / Storage Room. Very Quite & Mature Building With 24 Hr Concierge, Pool, Sauna, Gym, Tennis Court, Hobby Room, Billiard Room, Party Room, Driving Range,& Barbeque Area.Walk To Shoppers World,Public Transport & Gage Park.**** Extras **** Fridge, Stove, Dishwasher, Washer & Dryer, All Window Coverings And All Electrical Light Fixtures. 1 Parking & 1 Locker (Id:23934)
CALL1.877.896.6727
Property Price
$439,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,995
Mortgage Insurance ($)
$16,716
Mortgage Required ($)
$434,621
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$5,273
Mortgage Insurance PST
$1,337
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$30,105
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$26,105
Monthly Payment
$1,727
Ultra Luxury Custom Residence In One Of Vaughan's Most Prestigious Neighbourhoods, Old Maple! Over 6,800 Square Ft Of Living Space With The Utmost In High-End Finishes & Outstanding Workmanship. Gourmet Kitchen With Taj Mahal Stone, Servery And Walk Out To Concrete Deck. Generous Principle Rooms, 19' High Ceiling In Living Room, Wine Cellar & Private Separate Nanny / In-Law Suite. Natural Stone Casablanca Brick Exterior & Royal Stone Interlock Driveway.**** Extras **** Thermador Appliances, Built-In Speakers, Dvr Alarm System, Ultraviolet Light & Photocatalytic Air Cleaner, Tankless Water Tank, In Floor Heating System In Bathrooms & Basement. A Masterpiece With An Exceptional Design, This Is The One! (Id:23934)
CALL1.877.896.6727
Property Price
$3,200,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$640,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$2,560,000
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$66,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$707,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$703,975
Monthly Payment
$10,173
Rarely Offered 3-Story Freehold Luxury Townhouse In Prime Location! Main Floor Features Open Concept Living/ Dining, Custom Designer Chefs Kitchen With Granite Counters & Stainless Steel Appliances & Walk-Out To Deck. 3 Large Bedrooms On 2Nd Floor & 2 Full Washrooms! 3Rd Floor Dedicated To Master Retreat With Extra Large Bedroom & Sitting Area, Large Walk-In Closet, 5Pc Ensuite Bath & Private Balcony! Lower Level Features Spacious Family Room & Study With Walk-Out To Back Yard!**** Extras **** No Maintenance Fees! Prime Location Only Minutes To Ttc, Eglinton Lrt, Shopping, Parks, Schools & Dvp! New Stainless Steel Stove & Microwave, Stainless Steel Fridge, Stainless Steel Dishwasher, Washer & Dryer, All Elf & Window Coverings. (Id:23934)
CALL1.877.896.6727
Property Price
$934,900
Minimum Down Payment (%)
7.33%
Minimum Down Payment ($)
$68,490
Mortgage Insurance ($)
$34,656
Mortgage Required ($)
$901,066
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$15,173
Mortgage Insurance PST
$2,773
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$87,936
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$83,936
Monthly Payment
$3,581
Stunning 3-Storey Townhouse In Prime Location With $200K In Builder Upgrades! This Home Offers A Sleek Modern Kitchen With Lrg Island, Stone Countertop & Backsplash, Pantry + A Walk-Out To Lrg Terrace With Gas Barbeque Line. Interlocked Driveway, 9' Smooth Ceilings, Pot Lights, Crown Moulding & Wainscotting. Master Retreat With Walk-Out To Balcony & 3Pc Ensuite. Situated In A Convenient Family Friendly Neighborhood That's Walking Distance To Shopping, Restaurants & Parks.**** Extras **** Kitchenaid:Fridge, Cooktop, Wall Oven,Built-In Microwave, Dishwasher,Beverage Fridge. Washer & Dryer, All Elf.Smart Home Tech With Outdoor Camera, Door / Window Sensors & Echo Show. Maint:$172.56 / Mnth Includes:Snow Removal,Lawn Care & Internet. (Id:23934)
CALL1.877.896.6727
Property Price
$1,450,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$290,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,160,000
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$25,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$316,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$312,975
Monthly Payment
$4,610
Exceptional 4 Season Waterfront Residence With Aprox. 1,015' Of Coveted Shoreline On Paudash Lake! Situated On 2.23 Acres Of Pure Privacy Featuring Timber Frame Interior, Whirlpool Tub Overlooking Great Room & An Exquisite Staircase. Tons Of Windows Allows For Panoramic Water Views. Beautiful Southerly Sun Exposure. In Flr Heat Provides Warmth Throughout. Covered Boat Slip With Docking For 3 Boats, Upper Deck & Boathouse / Bunkie. Truly An Architectural Masterpiece!**** Extras **** Beautifully Landscaped With Limestone Walkways & Stairs. Designed & Executed With The Utmost Attention To Finest Of Details. Fridge, Stove, Built-In Microwave, Dishwasher, Washer & Dryer, All Elf, All Window Coverings. (Id:23934)
CALL1.877.896.6727
Property Price
$3,500,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$700,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$2,800,000
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$73,975
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$775,475
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$771,475
Monthly Payment
$11,127
Beautiful Corner Unit With Stunning Unobstructed South East Views With Wrap Around Balcony! Dont Miss Your Opportunity To Live At The Monet North York Prestigious Condos. This Unit Features 9' Ceilings, Newer Hardwood Floors Throughout, Updated Washroom, Granite Kitchen Counter Top With A Sunny Eat In Kitchen. Offering A Functional Open Concept Design With A Spacious Split 2 Bed + Den. High-Value Area. Top-Rated Schools, Steps To Finch Subway, Shops, Restaurants.**** Extras **** Newer Stove. Stainless Steel Fridge, .Built-In Microwave With Hood, Built-In Dishwasher, Washer & Dryer. All Electric Light Fixtures And Window Coverings. Including Blackout Blinds In Master. Built-In Closet In Den. (Id:23934)
CALL1.877.896.6727
Property Price
$634,900
Minimum Down Payment (%)
6.06%
Minimum Down Payment ($)
$38,490
Mortgage Insurance ($)
$23,856
Mortgage Required ($)
$620,266
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,173
Mortgage Insurance PST
$1,909
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$51,072
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$47,072
Monthly Payment
$2,465
Rarely Offered 4 Bedroom, 3-Story Freehold Luxury Townhouse! Main Floor Features Open Concept Living/ Dining, Custom Designer Chefs Kitchen With Granite Counters & Stainless Steel Appliances & Walk-Out To Deck. 3 Large Bedrooms On 2Nd Floor & 2 Full Washrooms! 3Rd Floor Dedicated To Master Retreat With Extra Large Bedroom & Sitting Area, Large Walk-In Closet, 5Pc Ensuite Bath & Private Balcony! Lower Level Features Spacious Family Room & Study With Walk-Out To Back Yard!**** Extras **** No Maintenance Fees! Prime Location Only Minutes To Ttc, Eglinton Lrt, Shopping, Parks, Schools & Dvp! New Stainless Steel Stove & Microwave, Stainless Steel Fridge, Stainless Steel Dishwasher, Washer & Dryer, All Elf & Window Coverings. (Id:23934)
CALL1.877.896.6727
Property Price
$799,900
Minimum Down Payment (%)
6.87%
Minimum Down Payment ($)
$54,990
Mortgage Insurance ($)
$29,796
Mortgage Required ($)
$774,706
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,473
Mortgage Insurance PST
$2,384
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,347
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,347
Monthly Payment
$3,079
Welcome To An Impeccably Designed Luxurious Custom Built Home Backing Onto The Beautiful Dieppe Park! This Stunning Home Features Soaring 12Ft Ceiling On Main Floor & Separate Office, Engineered Hwd Throughout! Modern Kitchen With Quartz Counters & Waterfall Centre Island With Seating For 6! Relax In The Sun Filled Family Room With Built-In Fireplace Or Walk-Out To The Large Deck & Enjoy The Privacy Fenced Serene Backyard!**** Extras **** Master Bedroom Retreat Features Custom Walk-In Closet, Juliette Balcony & Spa Like Ensuite With Dbl Vanity, Stand Alone Tub & Glass Shower! Finished Basement With Open Concept Recreation Room, 2 Large Bedrooms, Full Washroom & Walk-Out To Backyard! (Id:23934)
CALL1.877.896.6727
Property Price
$2,499,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$499,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,999,200
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$48,950
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$550,250
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$546,250
Monthly Payment
$7,945
Bright & Spacious Open Concept 1 Bedroom In The Iconic ""Parade"" In City Place. Floor To Ceiling Windows With Stunning Clear Views Of The City. Tons Of Storage With Built-In Pantry , Rare Large Ensuite Storage + Additional Storage Locker. Unbeatable Location Just Steps To Restaurants, Groceries, Transit, Libarby, Waterfront, Rogers Centre, Parks & Schools + Easy Access To Hwy. Become Partially Of This Dynamic & Exciting Community!**** Extras **** Fridge, Stove, Dishwasher, Built-In Microwave. Washer / Dryer. All Elf's, All Window Coverings. 1 Parking & 1 Locker.Extensive Amenities: Gym, Hot Yoga Room, Aerobics & Dance Studio, 25M Lap Pool,Steam Room, Hot Tub, Spa,Squash Crt + More! (Id:23934)
CALL1.877.896.6727
Property Price
$499,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,995
Mortgage Insurance ($)
$18,996
Mortgage Required ($)
$493,901
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$6,473
Mortgage Insurance PST
$1,520
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$34,488
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$30,488
Monthly Payment
$1,963
Attention Contractors And Renovators! Beautiful 4 Bedroom 2-Storey Detached House With Extra Wide Driveway, Fully Fenced Backyard Featuring A Large Deck And Above Ground Swimming Pool! House Has A Great Layout And Potential! Needs Some Tlc And Being Sold In ""As Is"" Condition! Convenient Location Abutting Parks & Walking Trails And Only Minutes To Hwy 401, Shopping, Schools, Park, All Major Amenities & New Proposed Go Train Station.**** Extras **** Fridge, Stove, Washer, Dryer, All Electrical Lighting Fixtures (All Chattels In ""As Is"" Condition) Hot Water Tank & Furnace Are Rental. (Id:23934)
CALL1.877.896.6727
Property Price
$299,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,950
Mortgage Insurance ($)
$11,362
Mortgage Required ($)
$295,412
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$2,960
Mortgage Insurance PST
$909
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,319
First Time Home Buyer
Land Transfer Tax Credit
-$2,960
Cash Needed
$17,359
Monthly Payment
$1,174
Premium Location !!! Renovated, Freshly Painted .Upgraded Bathrooms , New Led Potlights. High Demand Area Hurontario -Nestled In The Heart Of Mississauga Quiet Neighborhood Conveniently Located Near Sq1, Heartland Town Centre, Hwys 403, 401, 407, Great Schools .Finished Basement Apartment With 2 Bedrooms And Side Separate Entrance. ** This Is A Linked Property.** **** Extras **** Stove (2020 ) Fridge (2020 ) Dishwasher ( 2020 ) All Electrical Lighting Fixtures , Washer, Dryer. Hot Water Tank ( Rental) Furnace (Rental ) (Id:23934)
CALL1.877.896.6727
Property Price
$900,000
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$65,000
Mortgage Insurance ($)
$33,400
Mortgage Required ($)
$868,400
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$14,475
Mortgage Insurance PST
$2,672
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,647
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,647
Monthly Payment
$3,451
Designer's Executive Grand Penthouse @ The Most Prestigious Condo Building In Mississauga With Amazing Views Of Sunrises & Sunsets. Rare Penthouse Suite Offers Spacious Family Room & Dining Room, 11 Ft Ceilings, Crown Moulding & Gas Fireplace. Open Concept Gourmet Kitchen With Breakfast Bar. Master With Walk-In Closet & 5Pc Ensuite With Jacuzzi Tub. Gas Barbeque Line On Large Balcony. Walking Distance To Shops, Restaurants And Transportation.**** Extras **** All Elf's, All Window Coverings, Fridge, Stove, Built-In Dishwasher, Built-In Microwave, Built-In Oven, Washer & Dryer, Gas Fireplace, 1 Locker, 2 Side By Side Parking Spaces. Amazing Amenities Included Pool, Gym, Steam Room, Squash Crt, Billiards, & More! (Id:23934)
CALL1.877.896.6727
Property Price
$899,999
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$65,000
Mortgage Insurance ($)
$33,400
Mortgage Required ($)
$868,399
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$14,475
Mortgage Insurance PST
$2,672
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,647
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,647
Monthly Payment
$3,451
A Must See! Lovingly Maintained 3 Bedroom Freehold Townhouse In High Demand Milliken Area. An Abundance Of Natural Light Throughout, Open Concept Living Room With Wood Burning Fireplace & Walk-Out To Patio With Fenced Yard. Updated Eat-In Kitchen, Under Cabinet Lighting & Ample Counter Space. Freshly Painted Throughout, Brand New Modern Flooring & Baseboards . Fantastic Location, Short Walk To Schools, Community Center, Park, Shopping, Medical Center & Ttc.**** Extras **** Fridge, Stove, Dishwasher, Washer & Dryer, All Electrical Light Fixtures. (Id:23934)
CALL1.877.896.6727
Property Price
$688,800
Minimum Down Payment (%)
6.37%
Minimum Down Payment ($)
$43,880
Mortgage Insurance ($)
$25,797
Mortgage Required ($)
$670,717
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$10,251
Mortgage Insurance PST
$2,064
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$57,695
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$53,695
Monthly Payment
$2,665
Don't Miss This Charming 3 Bedroom Bungalow Nestled In The Heart Of Birch Cliff Heights! Spacious Eat-In Kitchen, Gas Stove & Ample Counter Space. Warm & Inviting Living Room With Crown Moulding And Lrg Window. Entrance To House From Garage + A Side Entrance That Leads To Basement That's Awaiting Your Finishing Touch. With Transport, Schools, Shops, Dining & Parks Within Easy Reach, This Is The Ideal Place To Call Home!**** Extras **** Fridge, Gas Stove, Dishwasher, Washer & Dryer, All Electrical Light Fixtures , All Window Coverings. (Id:23934)
CALL1.877.896.6727
Property Price
$799,900
Minimum Down Payment (%)
6.87%
Minimum Down Payment ($)
$54,990
Mortgage Insurance ($)
$29,796
Mortgage Required ($)
$774,706
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,473
Mortgage Insurance PST
$2,384
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,347
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,347
Monthly Payment
$3,079
Beautiful Newly Renovated 2+1 Bedroom Bungalow In High Demand Area Of Cliffcrest With Tons Of Charm! Situated On Lrg 45Ft Lot. Modern Kitchen With Quartz Countertop. Cathedral Ceilings In Dining Room.Brand New Mudroom Off Rear Of House That Leads To Private Picturesque Fully Fenced Backyard With Mature Perennials. Convenient Location,Ttc At Your Door, Mins To Warden Station & 5Min Walk To Go Station.Walk To Bluffers Park,Close To R.H.King,St.John Henry Newman & Anson Rd**** Extras **** Fridge, Stove, Built-In Microwave,Dishwasher, Washer & Dryer. All Elf, All Window Coverings. Owned Tankless Water Heater. Roof'17. Windows & Doors'16, You Don't Want To Miss This One! (Id:23934)
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Property Price
$739,900
Minimum Down Payment (%)
6.62%
Minimum Down Payment ($)
$48,990
Mortgage Insurance ($)
$27,636
Mortgage Required ($)
$718,546
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$11,273
Mortgage Insurance PST
$2,211
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$63,974
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$59,974
Monthly Payment
$2,855
Great Opportunity To Enter The Market, Cheaper Than Rent! Cozy 2 Bedroom Detached Home Situated On A 30 X 120 Lot. Ample Parking For Up To 4 Cars. Walk-Out Off Of Living Room To Yard Thats Fully Fenced. Located Steps To Costco Shopping Centre , Dining Room.S.J. Phillips Public School , O'neill Collegiate , Parks And Public Transit.**** Extras **** Fridge, Stove, Dishwasher, Washer And Dryer. (Id:23934)
CALL1.877.896.6727
Property Price
$459,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,995
Mortgage Insurance ($)
$17,476
Mortgage Required ($)
$454,381
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$5,673
Mortgage Insurance PST
$1,398
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$31,566
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$27,566
Monthly Payment
$1,806
Modern & Sun Filled Corner Townhouse In Riverside's Luxurious Boutique Townhome Community. Featuring A Perfectly Open Concept Main Flr With Lrg Sw Facing Windows, 9Ft Ceilings & Engineered Hardwood Flr.Gourmet Kitchen With Gas Stove, Breakfast Bar, & Pantry.Private Rooftop Terrace With Dreamy Sw City Views Of Cn Tower, Gas Hookup & Water Bib. Prime Location-87 Walk Score,93 Transit Score,Steps To The Best Restaurants, Boutiques, Cafe's, Parks + Easy Access To Dvp.**** Extras **** Stainless Steel Fridge, Gas Stove, Dishwasher, Microwave, Washer & Dryer, Tv Wall Mount,Gas Barbeque,Ecobee Smart Thermostat. All Elf, All Window Coverings. Ample Street Parking & Underground Parking Available For Rent In Complex + Steps To Green P Parking. (Id:23934)
CALL1.877.896.6727
Property Price
$999,000
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,900
Mortgage Insurance ($)
$36,964
Mortgage Required ($)
$961,064
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$16,455
Mortgage Insurance PST
$2,957
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,812
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,812
Monthly Payment
$3,819
Yours To Enjoy! Must See! Impeccably Maintained Clean Home. Roof / Insulation (2018), Smooth Flooring Through Out, Garage Door Fully Replaced, Custom Made Walk-In Closets, Osmosis Drink. Water Filter System / Smart Thermostat. Open Concept. Intimate Fireplace (Gas) In Great Room, Bright Family Eat-In Kitchen, Finished Basement Recreation. Room With 3Pc Bath, Wine Cellar. Quiet Area On North Hill. Proximity To Schools, Community Centre, Library, Hwy 427 Exterior, Go Bus Route.**** Extras **** Stainless Steel Fridge, Stainless Steel Stove (Gas), Stainless Steel Dishwasher, Stainless Steel Range Hood, Barbeque (Gas), Dryer, Washer. Two Garage Remotes. Water Heater Rental. Exclusions: Fridge In The Basement. All Measurements To Be Verified By The Buyer Or Buyer's Agent. (Id:23934)
CALL1.877.896.6727
Property Price
$785,000
Minimum Down Payment (%)
6.82%
Minimum Down Payment ($)
$53,500
Mortgage Insurance ($)
$29,260
Mortgage Required ($)
$760,760
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,175
Mortgage Insurance PST
$2,341
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$69,516
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$65,516
Monthly Payment
$3,023
Well Maintained 2 Bedroom + Solarium Corner Unit With Stunning Unobstructed Views Of Etobicoke Creek! Sprawling Over 1200 Square Ft This Sun-Filled Unit Features A Practical Eat-In Galley Kitchen With Tons Of Cabinets. Spacious Master With 3Pc Bath. Ensuite Laundry / Storage Room. Very Quite & Mature Building With 24 Hr Concierge, Pool, Sauna, Gym, Tennis Court, Hobby Room, Billiard Room, Party Room, Driving Range,& Barbeque Area.Walk To Shoppers World,Public Transport & Gage Park.**** Extras **** Fridge, Stove, Dishwasher, Washer & Dryer, All Window Coverings And All Electrical Light Fixtures. 1 Parking & 1 Locker (Id:23934)
CALL1.877.896.6727
Property Price
$439,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,995
Mortgage Insurance ($)
$16,716
Mortgage Required ($)
$434,621
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$5,273
Mortgage Insurance PST
$1,337
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$30,105
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$26,105
Monthly Payment
$1,727
One Of The Best, Private Ravine Lots In South Richvale On Dead End Tree Lined Str.! Gorgeous Custom Built Home Approx. 4500 Square.Ft. Plus Finished Walk-Out Basement. Recently Extensively Renovated Inside And Out! Wrought Iron Automatic Gates. 10 Ft Ceil Main Floor, 18 Ft Grand Entrance And Family Room. Lots Of Interesting Architectural Features: Floating Staircase, Multiple Balconies, Gorgeous Stone Fireplace Etc! Finished Walk-Out Basement, Lovely Covered Terrace At Back!**** Extras **** All Appliances, Washer And Dryer, All Electrical Lighting Fixtures, All Window Coverings. Video Surveillance System, Garburator, Reverse Osmosis System, Sprinklers, New Tankless Hot Water Heater, New Alarm System Panels, Central Vac+ Attachments. (Id:23934)
CALL1.877.896.6727
Property Price
$3,590,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$718,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$2,872,000
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$76,225
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$795,725
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$791,725
Monthly Payment
$11,413

Mortgages In Canada

What Is A Mortgage Calculator?
Simply put, a mortgage calculator is like a manual calculator with the exception that it is automated and found on many bank, credit union, and third party websites on the Internet. A mortgage calculator can be used by anyone for free and multiple times, of which this calculator determines the outcome when specific mortgage related information is entered. As you will quickly discover, there is a basic mortgage calculator that requires minimal information, such as the dollar amount of the total mortgage (including any down payment made & mortgage default insurance if warranted), the number of months or years the mortgage will be carried, and the interest/mortgage rate.
The calculation will provide a basic payment amount, and you will see how making a down payment (not to mention the interest rate) affects the outcome of the calculation. By using the mortgage calculator more than once and 'playing with the numbers', you will get a better sense of how certain scenarios can raise or lower your payments (shortening and lengthening the number of years before the mortgage will be paid off in full with interest can really be an eye opener).
What Exactly Is A Mortgage Rate?
A mortgage rate or an interest rate is basically the percentage charged up and over the amount of money you need to borrow, so in other words, it is what the lender charges you for loaning you the money. Mortgage rates can differ between lenders and yes, it is financially ideal to get the lowest mortgage rate possible, but there are certain aspects that need to be in place to get that lower rate.
There are two basic types of borrowers: the people that are financially stable & prepared to take on a mortgage (typically these people are offered a lower rate to gain their business), and the people that are less prepared financially to take on a mortgage (typically these people are offered a higher rate to offset any risks to the lender). There are various types of lenders (such as major banking institutions) who can offer lower mortgage rates and private lenders who deal in high risk mortgages and offer higher mortgage rates.
Why Are There So Many Different Types of Mortgages?
Each mortgage type/product performs differently, and they are all designed to work hard for both the lender and the borrower’s personal financial situation. Just as borrowers themselves vary, so do the kinds of mortgages that are offered by lenders. There are mortgages that are designed to work well for people that have already held & paid off a mortgage or are currently paying on a mortgage, and then there are mortgage types that are designed for first time mortgagees.
The top three most popular mortgages are a fixed rate mortgage (the interest rate is ‘fixed’ for an agreed-upon set term of time), a variable rate mortgage (the interest rate is dictated by the prime rate, with any changes reflecting on the principal, not the fixed payments), and an adjustable rate mortgage (the interest rate is dictated by the prime rate; any changes reflect on the payments which are ‘adjusted’).
There is also a hybrid mortgage (or a 50/50 mortgage), which combines a fixed rate & variable rate mortgage together. Learning about all the mortgage types available (through a mortgage professional) provides borrowers with an upper hand to make sound decisions.
Mortgage Terminology
You are not the only one who may find certain terms regarding mortgages a bit head-spinning, so let’s clear up some of the basic wording that you will see when diving into the mortgage market.
Amortization Period
The total number of months or years it will take for you to completely pay off your mortgage.
Amortization Schedule
The breakdown of the payments for your mortgage (how much you pay, how much of that goes towards the principal amount, how much goes towards the interest, and the balance remaining).
Mortgage Term
The length of time that the interest rate is set or fixed; the end of this term is when the mortgagee can renegotiate a new mortgage or pay the balance of the mortgage in full.
Mortgage Renewal
When the term of your mortgage comes to an end, you will have the option to discuss the possibility of a new mortgage, its terms, and its interest rate.
Mortgage Refinancing
The act of switching to a new lender to arrange a new mortgage or to renegotiate an existing mortgage.
Mortgage Prepayment
There are mortgage 'deals' that are sweetened by the ability to either double up on payments, increase the percentage paid on monthly payments, or pay off a certain percentage of the principal annually (without any penalty).
Closed Mortgage
When a mortgage is closed, this means that the mortgage rate and the mortgage contract are locked in and non-negotiable for a set period of time.
Open Mortgage
With no worries of any penalties and being completely flexible with no set term, you can pay off your mortgage at any time with this type of mortgage.
Mortgage Insurance
This is a specific type of insurance which protects the lender in the event you should default on your mortgage for any reason (typically mortgage insurance is required if a borrower is deemed a higher risk and is only offered a high ratio mortgage).
Down Payment
Generally, a borrower must have saved a down payment to invest in the home/property upfront (the down payment cannot be borrowed), of which the payment itself is the monetary difference between the value of the mortgage loan and the purchase price of the home/property.
Home Equity Line of Credit (HELOC)
Tied directly to a mortgage, borrowers can sometimes gain access to a certain percentage of funds to borrow against the assessed value of the home/property. There is an interest rate imposed onto this type of loan, not to mention that it is set to keep pace with the prime rate, but there is flexibility as to payments and payoff.
Mortgage Maturity
This is the date that your mortgage term ends, presenting you with the option to pay off the mortgage in full, or renew your mortgage for another term.
Mortgage Affordability
The concept of a lender considering your ability (or affordability) to be able to pay a mortgage monthly via the total household income, the mortgage payments, and monthly expenses/overhead.
Mortgage Principal
This is the amount left outstanding on the mortgage itself.