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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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 (%)
1.35%
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
$4,081
Large Corner Unit Rare 2 Bedroom Floor Plan. Unobstructed Panoramic Views, Offering 2 Balcony Walk-Out's. Well Cared For And Clean Unit. Hardwood Flooring And Large Eat In Kitchen. 2 Underground Parking Spots. Building Offering Numerous Amenities.**** Extras **** Granite Countertops, Dishwasher, Microwave, Fridge, Stove, Window Coverings And Lighting Fixtures Included. (Id:23934)
CALL1.877.896.6727
Property Price
$665,000
Minimum Down Payment (%)
6.24%
Minimum Down Payment ($)
$41,500
Mortgage Insurance ($)
$24,940
Mortgage Required ($)
$648,440
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,775
Mortgage Insurance PST
$1,995
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$54,770
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$50,770
Monthly Payment
$2,547
One Of The Best Ravine Lots In South Richvale On A Private Dead End Str.! Gorgeous Custom Built Home Approx. 4500 Square.Ft. Recently Extensively Renovated Inside And Out! Shows Like A Brand New Home! Wrought Iron Automatic Gates. 10 Ft Ceil Main Floor, 18 Ft Grand Entrance And Family Room. Lots Of Interesting Architectural Features: Intricate Floating Staircase, Multiple Balconioes, Gorgeous Stone Fireplace Etc! Finished Walk-Out Basement, Lovely Covered Terrace At Back!**** Extras **** All Appliances, Washer And Dryer, All Electrical Lighting Fixtures, Video Surveillance System, Garburator, Reverse Osmosis System, Sprinklers, New Tankless Hot Water Tank, New Alarm System Panels, Central Vac. Walk-Out Basement With 5Th Bedroom And 3 Piece Bath, Large Windows (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 (%)
1.35%
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
$11,280
Welcome To ""The Britt"" Luxurious Condo In Prime Downtown Location! Brand New Exquisitely Designed 493 Square. Ft. Unit Featuring An Open Concept Layout, Floor To Ceiling Windows & Hardwood Flooring Throughout! Modern Kitchen With Built-In Appliances & Large Bedroom Featuring A Walk-In Closet! Enjoy The World Class Amenities Including Outdoor Terrace & Pool, Marble Spa, Fitness Room, Party Room, Theatre, 24-Hr Concierge / Security, Overnight Guest Parking And Pet Spa.**** Extras **** Brand New Appliances! Integrated Refrigerator And Dishwasher, Cooktop, Slide-Out Exhaust, Built-In Stainless Steel Wall Oven & Microwave And Front Load Washer / Dryer. Steps To Uoft & Ryerson Univ, Subway Station, Supermarkets, Restaurants, Bloor & Yorkville (Id:23934)
CALL1.877.896.6727
Property Price
$649,900
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$39,990
Mortgage Insurance ($)
$24,396
Mortgage Required ($)
$634,306
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,473
Mortgage Insurance PST
$1,952
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,915
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,915
Monthly Payment
$2,491
Location, Location, Location! This Bright And Rarely Offered Spacious 1B 1W Corner Unit Comes Equipped With A Locker And Parking. Exceptional Layout Throughout With A Large Bedroom, Large Windows, And Double Closet. Steps To U Of T. Hospitals, Financial District, Ttc Subway, Shops, Restaurants And More. Don't Miss Your Opportunity To Move In To This Well Established Building!**** Extras **** Stainless Steel Stove, Stainless Steel Fridge, Dishwasher, Microwave, Washer, Dryer, All Elf's, All Window Coverings. Amenities Included 24 Hr Concierge, Gym, Large Pool, Sauna, Visitors Parking, Guest Suites, Board Room, Card Room, Party Room, Recreation Room & Bicycle Room. (Id:23934)
CALL1.877.896.6727
Property Price
$624,900
Minimum Down Payment (%)
6.00%
Minimum Down Payment ($)
$37,490
Mortgage Insurance ($)
$23,496
Mortgage Required ($)
$610,906
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,973
Mortgage Insurance PST
$1,880
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$49,843
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$45,843
Monthly Payment
$2,399
Amazing Location Featuring 2 Bedrooms With Two Full Bathrooms. This Penthouse Assignment Sale Won't Last Long, Five Star Building With Lots Of Amenities, Close To Plaza, Square One Mall, 401, 403, School Too Many To List. One Parking Spot & One Locker Unit Included In The Price. Tentative Closing March 2021.**** Extras **** Nine Foot Ceiling, Laminate Flooring, Quartz Countertop, Stainless Steel Under-Mounted Kitchen Sink, Stainless Steel Glass Cooktop And Self Cleaning Oven, Stainless Steel Built-In Dishwasher, Stainless Steel Fridge. (Id:23934)
CALL1.877.896.6727
Property Price
$579,900
Minimum Down Payment (%)
5.69%
Minimum Down Payment ($)
$32,990
Mortgage Insurance ($)
$21,876
Mortgage Required ($)
$568,786
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,073
Mortgage Insurance PST
$1,750
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$44,313
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$40,313
Monthly Payment
$2,234
Beautifully Renovated 3 Bedroom End Unit Townhouse In High Demand Area. Stunning Kitchen With Large Island, Gas Stove & Stone Countertop. Open Concept Main Floor. Spacious Living Room With Walkout To Private Backyard. Pot Lights & New Modern Washrooms. Basement With 2 Bedrooms,Bathroom & Kitchen. Close To York University, Hospital, Schools, Highways; 400, 401, Shopping Malls & Plazas. 5 Min Walk To Ttc. Future Light Rail At Sheppard. Just Move In & Enjoy!**** Extras **** 2 Fridge, 2 Stove, Dishwasher, Washer & Dryer, All Electrical Light Fixtures, All Window Coverings. 1 Portable Air Conditioner. Newer Furnace, Newer Windows. (Id:23934)
CALL1.877.896.6727
Property Price
$579,000
Minimum Down Payment (%)
5.68%
Minimum Down Payment ($)
$32,900
Mortgage Insurance ($)
$21,844
Mortgage Required ($)
$567,944
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,055
Mortgage Insurance PST
$1,748
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$44,203
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$40,203
Monthly Payment
$2,231
Luxury Living In This Newer Modern Open Concept Condo In Highly Coveted Pinnacle Residence 9. This Bright Spacious Two Bedroom Plus Study / Den Features Open Concept Kitchen With Upgraded Maple Cabinets, Backsplash, Granite Counter Top, Stainless Steel Appliances, Floor To Ceiling Windows With Toronto Skyline And Lake Views. Master Bedroom With 4Pc Ensuite, Walk In Closet. Ultimate Location Close To Shopping , Restaurants, Schools, Public Transit And City Centre**** Extras **** Stainless Steel Fridge, Stove, Built-In Dishwasher, Built-In Microwave, Washer And Dryer. All Electrical Light Fixtures, All Windows Coverings And Curtains. (1) One Parking, (1) One Locker. State Of The Art Building With Fabulous Amenities ! (Id:23934)
CALL1.877.896.6727
Property Price
$654,000
Minimum Down Payment (%)
6.18%
Minimum Down Payment ($)
$40,400
Mortgage Insurance ($)
$24,544
Mortgage Required ($)
$638,144
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,555
Mortgage Insurance PST
$1,964
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$53,419
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$49,419
Monthly Payment
$2,506
Gorgeous Custom Built Home Situated In Coveted Cliffside Neighbourhood! Over 5,000 Square.Ft. Of Luxury Living Featuring Dbl Car Garage, Coffered Ceilings, Wainscoting, Large Windows & An Abundance Of Natural Light! Beautiful Hwd Flooring And Led Lighting Throughout! 4 Large Bedrooms, Each With Walk-In Closets And Gorgeous Tray Ceilings! Master Ensuite Features Jacuzzi Tub & Glass Shower! Fully Finished Open Concept Basement With Full Washroom & Separate Entrance!**** Extras **** Stainless Steel Fridge, Built-In Wall Oven & Microwave, Gas Cooktop & Hood Fan, Stainless Steel Dishwasher, Stainless Steel Washer & Dryer, Garage Door Openers. Separate Side Entrance To Large Mud Room With Organizers. Interlock Drive & Privacy Fenced Yard! (Id:23934)
CALL1.877.896.6727
Property Price
$1,599,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$319,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,279,200
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$28,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$349,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$345,755
Monthly Payment
$5,024
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 Mckee & Earl Haig 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 (%)
1.35%
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
$3,297
Not Your Average Town Home-Truly A Quality Built Home! This Unit Comes Packed With Upgraded Ftrs Including 9' Ceilings, Upgraded Modern Trim Package Complete With Black Lever Handles, Hardwood Staircase, Quartz Countertops Throughout, Stainless Steel Appliance Package,Smart Home Technology, Interlocking Driveway, Finished Basement With Rough-In Bthrm And So Much More.Maint. Fee $85 / Month Which Covers Building Insurance, Snow Plowing For Shared Roads & Garbage Disposal**** Extras **** Stainless Steel Fridge, Stove, Dishwasher And Above The Range Microwave, Smart Front Entry Lock, Nest Thermostat, Smart Garage Door Opener And Google Nest Hub. Status Cert. Is Available (Id:23934)
CALL1.877.896.6727
Property Price
$579,999
Minimum Down Payment (%)
5.69%
Minimum Down Payment ($)
$33,000
Mortgage Insurance ($)
$21,880
Mortgage Required ($)
$568,879
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,075
Mortgage Insurance PST
$1,750
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$44,325
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$40,325
Monthly Payment
$2,234
Beautiful One Bedroom Suite In The Highly Sought After Boardwalk Condos In The Beach. This Freshly Painted Very Well Taken Care Of Unit Offers An Updated Bathroom, New Fridge And Stove, New Broadloom In The Bedroom, Granite Counter Tops And Updated Light Fixtures. Very Large Open Concept Combined Living And Dining, Walk Out To Your Large Patio From The Living Room Or Your Master Bedroom. Fully Loaded With Parking, Locker And Gas Barbeque Hook Up. Rarely Offered.**** Extras **** New Stainless Steel Fridge & Stove. Dishwasher,Microwave, Ensuite Washer / Dryer, Parking, Locker, Bike Rack, And A Gas Barbeque, All Light Fixtures, All Window Coverings, (Some Pics Virtually Staged). Live Across From The Beach. (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 (%)
1.35%
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
$2,436
Beautifully Renovated 3 Bedroom Bungalow In Family-Friendly Community. From The Open Concept Kitchen & Living Space To The Large Yard, There Is Plenty Of Space For The Whole Family To Enjoy. Practical Kitchen Layout With Island & Stone Countertops. Pot Lights, Crown Moulding & Laminate Flooring Throughout. Modern 4Pc Bathroom. Close To: Parks, Cedarbrea Mall, Shops, Restaurants, Ttc, Go, Schools, Cedarbrook Community Centre, Thomson Park, Hospital & 401**** Extras **** The Property Is Being Sold In ""As Is"" ""Where Is"" Condition (Id:23934)
CALL1.877.896.6727
Property Price
$850,000
Minimum Down Payment (%)
7.06%
Minimum Down Payment ($)
$60,000
Mortgage Insurance ($)
$31,600
Mortgage Required ($)
$821,600
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$13,475
Mortgage Insurance PST
$2,528
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$77,503
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$73,503
Monthly Payment
$3,227
Luxury Living In This Newer Modern Open Concept Condo In Highly Coveted Pinnacle Residence 9. This Bright Spacious Two Bedroom Plus Study / Den Features Open Concept Kitchen With Upgraded Maple Cabinets, Backsplash, Granite Counter Top, Stainless Steel Appliances, Floor To Ceiling Windows With Toronto Skyline And Lake Views. Master Bedroom With 4Pc Ensuite, Walk In Closet. Ultimate Location Close To Shopping , Restaurants, Schools, Public Transit And City Centre**** Extras **** Stainless Steel Fridge, Stove, Built-In Dishwasher, Built-In Microwave, Washer And Dryer. All Electrical Light Fixtures, All Windows Coverings And Curtains. (1) One Parking, (1) One Locker. State Of The Art Building With Fabulous Amenities ! (Id:23934)
CALL1.877.896.6727
Property Price
$639,999
Minimum Down Payment (%)
6.09%
Minimum Down Payment ($)
$39,000
Mortgage Insurance ($)
$24,040
Mortgage Required ($)
$625,039
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,275
Mortgage Insurance PST
$1,923
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$51,698
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$47,698
Monthly Payment
$2,455
Absolutely Gorgeous & Spacious Detached Home In The Popular & Sought After Area Of Castlemore. 9 Ft Main Floor Ceilings / Open Concept; Eat-In Kitchen Upgraded With Quartz Counter Top & Backsplash. Newly Finished Legal Basement With Separate Entrance, Laundry Room And Can Be Rented For Extra Income$$$.**** Extras **** Stainless Steel Appliances 2 Fridges, 2 Stoves, Dishwasher, 2 Washer, 2 Dryer, Central Air Conditioner, Heating Furnace, Window Coverings. All Light Fixtures. Big Windows In The Basement (Id:23934)
CALL1.877.896.6727
Property Price
$1,185,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$237,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$948,000
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$20,175
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$258,675
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$254,675
Monthly Payment
$3,723
Gorgeous Modern Custom Build Home In High Demand Area Of Clairlea. Over 3,000 Square Feet Of Luxury Living! Featuring 12' Ceilings & Floor To Ceiling Windows, Gorgeous Accent Walls & Illuminated Coffered Ceiling. Chef's Kitchen With Quartz Counters & Waterfall Island! Cozy Family Room With Fireplace & Walk-Out To Large Deck! Master Bedroom Features Private Balcony, Walk-In Closet & Spa Like Ensuite With Glass Shower, Dbl Vanity & Standalone Tub. Laundry On 2Nd Floor & Basement!**** Extras **** Fully Finished, Open Concept Basement With Kitchen, 4Pc Bath & Separate Side Entrance. Included. Stainless Steel Fridge, Stainless Steel Gas Range & Stainless Steel Hood Fan, Stainless Steel Built-In Dishwasher, Bsm Cooktop & Fan, Washer & Dryer, Central Vacuum & Acces. All Electrical Lighting Fixtures. Tankless Hot Water Tank Rented (Id:23934)
CALL1.877.896.6727
Property Price
$1,499,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$299,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,199,200
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$26,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$327,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$323,755
Monthly Payment
$4,710
One Of A Kind, Fully Renovated 1+1 Bedroom Unit In The Heart Of Downtown Vaughan! You Will Be Wowed The Moment You Step Into The Unit By The Gorgeous Kitchen With Marble Flooring & Backsplash, Quartz Counters, Stainless Steel Appliances & The Mesmerizing Illuminated Crown Moldings Which Extend Throughout The Living Room. The Unit Further Features Engineered Hardwood Flooring, Accent Walls In Living Room & Bedroom & Tray Ceiling With Pot Lights In The Bedroom!**** Extras **** Separate Den Is Perfect For Your Home Office Or Can Be Converted Into A Second Bedroom Featuring It's Own Built-In Closet. Chattels Include Stainless Steel Fridge, Stove, Dishwasher, All Light Fixtures, Washer & Dryer (Id:23934)
CALL1.877.896.6727
Property Price
$549,000
Minimum Down Payment (%)
5.45%
Minimum Down Payment ($)
$29,900
Mortgage Insurance ($)
$20,764
Mortgage Required ($)
$539,864
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$7,455
Mortgage Insurance PST
$1,661
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$40,516
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$36,516
Monthly Payment
$2,120
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 (%)
1.35%
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
$1,707
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
$849,000
Minimum Down Payment (%)
7.06%
Minimum Down Payment ($)
$59,900
Mortgage Insurance ($)
$31,564
Mortgage Required ($)
$820,664
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$13,455
Mortgage Insurance PST
$2,525
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$77,380
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$73,380
Monthly Payment
$3,223
Location! Location! Freshly Painted!! Well Maintained 1 Bedroom Condo Apartment Unit Conveniently Located Near Scarborough Town Centre, Ttc And Corporates Centers. Move In Ready. Great Investment Potential Or Prefect For Living. Check Out The Virtual Tour ( Https://Vimeo. Com / 477211255)**** Extras **** All Elf's, Appliances, Dishwasher, Amenities Like Indoor Swimming Pool, Party Room, Gym + Fitness Room, Game Room, 24 Hrs Concierge, Visitor Parking. (Id:23934)
CALL1.877.896.6727
Property Price
$398,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,900
Mortgage Insurance ($)
$15,124
Mortgage Required ($)
$393,224
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$4,445
Mortgage Insurance PST
$1,210
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$27,055
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$23,055
Monthly Payment
$1,544
Not Your Standard ""Shoebox"" Sized 1 Bedroom! Over 700 Square Ft This Is The Largest 1 Bedroom In The Building! Live Amongst The Treetop Views In This Loved For Unit Featuring A Spacious Open Concept Living / Dining With A Floor To Ceiling Window. Dining Room With Walk-Out To Private Oversized Terrace Like Balcony Overlooking Lush Gardens. Lots Of Natural Light, Tons Of Storage & Newer Windows. Just Steps From Ttc, Parks, Shops & Ryerson.**** Extras **** Fridge, Stove, All Electrical Light Fixtures.Portable Air Conditioner Unit.Monthly Condo Fees Inclusive Of All Utilities & Cable Tv. Well Managed Building: Indoor Salt Water Pool, Gym, Sauna, Party Room ,Visitors Prking & Laundry Room. (Id:23934)
CALL1.877.896.6727
Property Price
$549,900
Minimum Down Payment (%)
5.45%
Minimum Down Payment ($)
$29,990
Mortgage Insurance ($)
$20,796
Mortgage Required ($)
$540,706
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$7,473
Mortgage Insurance PST
$1,664
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$40,627
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$36,627
Monthly Payment
$2,124
Stunning Custom Built Home With Immaculate Details! This Gorgeous Corner Lot Backing On A Parkette, Offers An Abundance Of Natural Light! Designer Chef's Kitchen Features Built-In Stainless Steel Appliances, Quartz Counters, Centre Island & Spacious Breakfast Area With Walk-Out To Back Yard! Open Concept Family & Dining Room! 2Nd Floor Features 4 Large Bedrooms, Each With Walk-In Closets & Ensuite Bath, Beautiful Sitting Area With Balcony & A Spacious Laundry Room.**** Extras **** Fully Finished Basement With Open Concept Recreation Room, Separate Side Entrance, Kitchen & 2 Bedrooms! Inc. Stainless Steel Fridge, Built-In Wall Oven & Microwave, Gas Cooktop & Hood Fan, Stainless Steel Dishwasher, Stainless Steel Washer & Dryer. Interlock Drive & Privacy Fenced Yard! (Id:23934)
CALL1.877.896.6727
Property Price
$1,599,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$319,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,279,200
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$28,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$349,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$345,755
Monthly Payment
$5,024
Beautiful Executive Townhouse-2 Levels In Fantastic Applewood Location. Main Floor Features Gorgeous Marble Floors And High 9Ft Ceilings. Upper Level Has Quality Hardwood Floors And Soaring 10Ft Ceilings. Crown Moldings, Wainscoting Vaulted Ceiling In Master Bedroom & Large Window. Beautiful Kitchen With Stainless Steel Appliances, Granite Counters, Custom Marble Back-Splash, Breakfast Bar. Balcony With Natural Gas Line For Barbeque. One Garage Prking Space + One Driveway Space**** Extras **** Stainless Steel Fridge, Stove, Dishwasher, Microwave With Built In Vent Hood. Samsung Washer + Dryer. White Wardrobe At Top Of Entrance Stairs. All Existing Light Fixtures And Window Coverings. (Id:23934)
CALL1.877.896.6727
Property Price
$589,000
Minimum Down Payment (%)
5.76%
Minimum Down Payment ($)
$33,900
Mortgage Insurance ($)
$22,204
Mortgage Required ($)
$577,304
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,255
Mortgage Insurance PST
$1,776
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$45,431
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$41,431
Monthly Payment
$2,267
Gorgeous Modern Custom Build Home In High Demand Area Of Clairlea. Over 3,000 Square Feet Of Luxury Living! Featuring 12' Ceilings & Floor To Ceiling Windows, Gorgeous Accent Walls & Illuminated Coffered Ceiling. Chef's Kitchen With Quartz Counters & Waterfall Island! Cozy Family Room With Fireplace & Walk-Out To Large Deck! Master Bedroom Features Private Balcony, Walk-In Closet & Spa Like Ensuite With Glass Shower, Dbl Vanity & Standalone Tub. Laundry On 2Nd Floor & Basement!**** Extras **** Fully Finished, Open Concept Basement With Kitchen, 4Pc Bath & Separate Side Entrance. Included. Stainless Steel Fridge, Stainless Steel Gas Range & Stainless Steel Hood Fan, Stainless Steel Built-In Dishwasher, Bsm Cooktop & Fan, Washer & Dryer, Central Vacuum & Acces. All Electrical Lighting Fixtures. Tankless Hot Water Tank Rented (Id:23934)
CALL1.877.896.6727
Property Price
$1,249,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$249,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$999,200
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$21,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$272,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$268,755
Monthly Payment
$3,924
On Top Of The World, This Spacious And Very Unique Unit Sits With An Oversized Walkout Terrace. This Artistic 3 Bedroom, 2 Story Penthouse Condo Feels More Like A House In The Sky. Shipping Container Style, Industrial Lighting Throughout, Large Windows And Tons Of Closet Space. This Home Is More Like Being In A Dream World That You Never Want To Leave.**** Extras **** All Appliances Included: Stainless Steel Stove, Fridge, Dishwasher, Washer & Dryer. Some Furniture Can Be Included As Well Please Speak To Agent. Perfect Place To Work From Home. Tons Of Space Indoor And Outdoor. (Id:23934)
CALL1.877.896.6727
Property Price
$525,000
Minimum Down Payment (%)
5.24%
Minimum Down Payment ($)
$27,500
Mortgage Insurance ($)
$19,900
Mortgage Required ($)
$517,400
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$6,975
Mortgage Insurance PST
$1,592
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$37,567
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$33,567
Monthly Payment
$2,032
Not Your Standard ""Shoebox"" Sized 1 Bedroom! Over 700 Square Ft This Is The Largest 1 Bedroom In The Building! Live Amongst The Treetop Views In This Loved For Unit Featuring A Spacious Open Concept Living / Dining With A Floor To Ceiling Window. Dining Room With Walk-Out To Private Oversized Terrace Like Balcony Overlooking Lush Gardens. Lots Of Natural Light, Tons Of Storage ,Newer Windows & Very Private. Just Steps From Ttc, Parks, Grocery Store, Shops & Ryerson.**** Extras **** Fridge, Stove, Electrical Light Fixtures, Window Coverings .Portable Air Conditioner Unit. Monthly Condo Fees Inclusive Of All Utilities & Cable Tv. Well Managed Building: Indoor Salt Water Pool, Gym, Sauna, Party Room , Visitors Parking & Laundry Room. (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 (%)
1.35%
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
$1,940
Location! Location ! Freshly Painted!! Well Maintained 1 Bedroom Condo Apartment Unit Conveniently Located Near Scarborough Town Centre, Ttc And Corporates Centers. Move In Ready. Great Investment Potential Or Prefect For Living. Check Out The Virtual Tour ( Https://Vimeo.Com / 477211255 )**** Extras **** All Elf's, Appliances, Dishwasher, Amenities Like Indoor Swimming Pool, Party Room, Gym + Fitness Room, Game Room, 24 Hrs Concierge, Visitor Parking. (Id:23934)
CALL1.877.896.6727
Property Price
$395,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,750
Mortgage Insurance ($)
$15,010
Mortgage Required ($)
$390,260
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$4,400
Mortgage Insurance PST
$1,201
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$26,851
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$22,851
Monthly Payment
$1,533
Exquisitely Renovated, 4 Bedroom Detached Home Located In Prime East York Neighbourhood! Spacious Main Floor With Chefs Kitchen Featuring Quartz Counters, Beautiful Backsplash & Stainless Steel Appliances! This Natural Light Filled Beauty Includes A Large Skylight, Hardwood Flooring Throughout, Central Vacuum, 2Nd Floor Laundry & Walk-Out To Large Deck! Large Master With Dbl Closet & Ensuite Fully Finished Open Concept Basement With Separate Side, Kitchen, Laundry & 4Pc Washroom.**** Extras **** Only Minutes Walk To Ttc, Schools, Parks And Trails & Vibrant Danforth Ave. Included. Stainless Steel Fridge, Stove, Microwave & Dishwasher, 2Nd Floor Washer & Dryer, Basement Stacked Washer & Dryer, Central Vacuum & Access. Tankless Water Heater (Owned)! (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 (%)
1.35%
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
$4,081
Beautiful, Bright & Spacious 1 Bedroom Condo In Prime Downtown Neighbourhood! Thoughtful Open Concept Layout To Optimize Space. This Unit Features Two Walk-Outs To Private Balcony, A Foyer With Mirror Closet & Kitchen Complete With Ceramic Back Splash & Breakfast Bar. Building Offers Excellent Amenities For Your Enjoyment Including A Gym & Pool & 24Hr Concierge. Perfectly Located Steps To Subway, Shops, Restaurants, Entertainment & Amenities.**** Extras **** Fridge, Stove, Built-In Dishwasher, Clothes Washer & Dryer, All Existing Electrical Fixtures, All Window Coverings, Parking & Locker. (Id:23934)
CALL1.877.896.6727
Property Price
$589,900
Minimum Down Payment (%)
5.76%
Minimum Down Payment ($)
$33,990
Mortgage Insurance ($)
$22,236
Mortgage Required ($)
$578,146
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,273
Mortgage Insurance PST
$1,779
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$45,542
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$41,542
Monthly Payment
$2,271
Gorgeous One Bedroom End Unit In The Highly Desired Boardwalk Condos, (In One Of The Best Locations The City Has To Offer). This Unit Has Been Tastefully Updated And Features Hardwood Floors, Upgraded Washroom, New Stainless Fridge And Stove, Granite Countertops And Breakfast Bar In The Kitchen, A Very Spacious Open Concept Layout, And A Large Living Space. This Unit Features Two Walk-Outs To Your Large Private Terrace With A Gas Barbeque Hookup.**** Extras **** New Stainless Steel Fridge, New Stainless Steel Stove, Built-In Dishwasher, Clothes Washer & Dryer, All Existing Electrical Fixtures, All Window Coverings, Parking, Locker, & Barbecue. Dogs Are Welcome. (Id:23934)
CALL1.877.896.6727
Property Price
$614,900
Minimum Down Payment (%)
5.93%
Minimum Down Payment ($)
$36,490
Mortgage Insurance ($)
$23,136
Mortgage Required ($)
$601,546
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,773
Mortgage Insurance PST
$1,851
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$48,614
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$44,614
Monthly Payment
$2,363

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.