Spruce Grove 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
Select
Select
Select
Select
STEP 3
Select one of the mortgage
rates currently available
?
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
$0
$0
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
$150
$150
$150
$150
Total Cash Needed
=
$26,650
$51,650
$76,650
$101,650

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

Spruce Grove Mortgage Calculator Examples

Well Maintained And Loaded With Features! 32 Autumnnwood Crescent Is A Beautiful 2290 Square Ft Home Which Is Functional, Well Appointed And So Much More! Looking For A Spacious Foyer? This Home Has You Covered! The Main Floor Is Gorgeous With Quartz Countertops, Tile Surround Fireplace, Stainless Steel Appliances, Huge Dinette Area, Hardwood Flooring And More! A Convienient Den / Flex Room Is Tucked On The Side Of This Spacious Main Floor! A Vaulted Ceiling Bonus Room Greets You As You Come Upstairs Where You Will Find Three Bedrooms And Two Full Baths! A Five Piece En-Suite That Has A Corner Soaker Tub And Tons Of Counter Space Adds A Feel Of Luxury! The Upstairs Laundry Features Tons Of Storage Space And Has Cabintry That Makes It Seems Like A Chore No More! Outside Is Landscaped And There's Plenty Of Space To Keep Your Vehicles Protected From The Elements In The 20'X24' Insulated Garage. Perfectly Located On A No Through Traffic Street In Central Spruce Grove With Walkways And Parks Just A Short Walk Away! (Id:23934)
CALL1.877.896.6727
Property Price
$464,500
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$23,225
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$143
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$24,868
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$24,868
Monthly Payment
$2,054
Great Family Home With A Big Yard! This 2010, 20 Wide Home Has It All Including 3 Big Bedrms, 2 Full Baths, (Ensuite Has 2 Sinks) Large Foyer With Plenty Of Storage, Super Spacious Living Room, Dining Room & Kitchen Complete With Pantry, Loads Of Cupboards & Counterspace, Lunchbar And All The Appliances Stay Including The Freezer If You Want It! The Master With Walk In Closet, Sits At The Back Of The Home Next To The Laundry Room. Thru The Laundry Room Is The Back (Side) Door Leading Out Onto The Deck / Pergola. There Is A Shed And A Private Area At The Back Of The Home. The Furnace Was Replaced In 2016. This Home Has Been Well Taken Care Of And Won't Disappoint! Mobile City Sits In The Heart Of Spruce Grove And Is Walking Distance To Many Amenties, Bike Paths Etc. (Id:23934)
CALL1.877.896.6727
Property Price
$115,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,750
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$73
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$7,323
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$7,323
Monthly Payment
$508
****Fully Finished Bi-Level Home On A Huge Lot In Spruce Grove**** Check Out This Homes Amazing Features: 1. Open Concept Main Floor Plan With Vaulted Ceilings. 2. Gorgeous Kitchen With High-End Stainless Steel Appliances, Corner Pantry And Eating Bar. 3. Bright Dining Area Located Between The Kitchen And Living Room. 4. Living Room With A Corner Gas Fireplace Overlooking The Back Yard. 5. Master Bedroom Located Over The Garage With A Spa-Like 4 Piece Ensuite, Vaulted Ceiling And Walk-In Closet. 6. 2 Additional Bedrooms On The Main Floor Plus Another 4 Piece Bath On The Main As Well. 7. Fully Finished Basement With 2 Additional Bedrooms, 3 Piece Bath, And A Massive Family Room. 8. Heated, Insulated Double Car Garage That Has 220 Volts, Is Completely Drywalled, Hot And Cold Water, Plus A Floor Drain. 9. Massive Yard With A Huge Deck And Storage Shed. 10. Quiet Location On A Cul-De-Sac. 10. Central Air Conditioning. This Is A Perfect Family Home That Needs Nothing. Hurry Before This One Is Gone!! (Id:23934)
CALL1.877.896.6727
Property Price
$419,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$20,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$134
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$22,629
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$22,629
Monthly Payment
$1,856
You've Been Looking For Privacy, A Quick Drive Into The City For Work, A Family Friendly Neighborhood That Allows You To Get Out With The Kids. Something That's Close To Coffee So You Can Grab One Easily In The Morning, And That Makes Running Out For That Missing Ingredient Easy. This Is It! Nestled In Lakewood On The Eastern Edge Of Town Is This Lovely 2 Storey That Backs Onto A Field, Offering An Escape From Fishbowl Backyards. It's A Quick Walk To The Local Outdoor Skating Rink & Park, Has Easy Access To Trails And Ponds, And Is Super Close To Shopping, Restaurants, And The Cinema. Plus, This House Is So Inviting! With 3 Bedrooms Up And 2 Baths (Including Ensuite With Soaker Tub) Your Family Has The Room It Needs. The Open Main Floor Is Sunny And Bright In The Morning And Main Floor Laundry Is The Convenience You've Wanted. Downstairs Is Roughed In For A Bathroom, And There Is A Large Recreation Room Perfect For Movies And Toys. With Air Conditioner In The Summer & Insulated Garage For The Winter, You'll Love This Home! (Id:23934)
CALL1.877.896.6727
Property Price
$365,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$18,250
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$123
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$19,873
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$19,873
Monthly Payment
$1,614
Wow! 5 Bedroom Home For A Large Family! Walk Out Unfinished Basement Backing Onto Green Space And Next To Prescott School! Spacious Home With Great Features Like Open Floor Plan, Beautiful Views, Laminate Flooring On Main Floor, 4 Bedrooms Up And 1 Bedroom On Main Floor, Large Mudroom, Massive Bonus Room Upstairs And Unfinished Walk Out Basement To Be Finished To Your Preferences! Kitchen Offers Plenty Of Counter Space (Quartz Throughout), Pantry Space, Open To Dining With Access To Large Deck! Living Room Features Gas Fireplace And Beautiful Views Of The Green Space Behind! Upstairs You Will Find Large Central Bonus Room, Upstairs Laundry, Main Bath, Three Spacious Bedrooms And Master Bedroom With Walk In Closet And A Gorgeous 5 Piece Ensuite! Unfinished Basement Features Plenty Of Potential! Bedrock Homes Ltd. Is Known For Its Quality, Triple Pain Windows, Stainless Steel Appliances, Hrv, Insulated Garage, Quartz Throughout Etc. (Id:23934)
CALL1.877.896.6727
Property Price
$499,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$150
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$26,645
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$26,645
Monthly Payment
$2,210

Mortgages In Spruce Grove

The residential vibe in Spruce Grove is not only worthy of any home buyer's attention but being situated only 11 KMs away from the city of Edmonton, but it is a great investment! Many lenders look at the location & province of a home through the application process of mortgage loan borrowers, and this great little city packs a punch for location (which lowers the lender's risk a bit)! A Spruce Grove mortgage calculator will be a huge help to buyers that are considering a few different properties as potentials by getting the monthly payment amount summed up quickly. Compare mortgages by using a mortgage calculator comparison tool too. The dwelling types that home buyers may see on an MLS listing are larger multi-level houses, townhomes, bungalows, ranchers, condominiums, mobile homes, and single family homes. When it comes to the mortgage market, you will want to get the best interest rate & mortgage conditions as possible, a lender that will work hard in your best interest, and know how to prepare your finances to borrow the money to buy your home (and get approved!). Buying a home seems like a big jump in responsibility, but the complicated mortgage industry can make it feel more strenuous then it needs to be.
Spruce Grove is an excellent spot for your new home, but following the use of a mortgage calculator and quite possibly other mortgage-related calculating tools, so what is the next step? To gain any sort of advantage when it comes to an interest rate, dealing with your bank or credit union should offer the lowest rate. Other lenders such as a mortgage company or private mortgage loan lender tend to charge higher interest rates. The conditions and terms of mortgage products are similarly processed between all lenders with a few tweaks here and there to suit the borrower. To get your 'financial fit' that will appease a lender, you will want to verify just how much money you have nestled away that could be used for a down payment, cover moving & closing costs, and check your credit rating to make sure there are no old debts or any detrimental issues that need to be addressed, as well as maintain a steady income. You should insist that your lender pre-approve you for the mortgage loan so that you know without any doubt how much money your lender is prepared to loan to you BEFORE you make any offers on a home (try to secure a letter from your lender showing the amount of the funds your lender is approving you for).