Spruce Grove Mortgage Calculator

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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

Attention Investors And First Time Buyers! This Top Floor Corner Unit In Windermere Estates Is Affordability At Its Finest. Two Bedrooms, One Bathroom, In-Suite Laundry, Tons Of Storage Space, A Spacious Living Room To Dinette Area And So Much More! Assigned Parking Space Right Outside Your Unit. Ideal Location With Several Amenities Just Steps From Your Front Door Along With Several Walking Paths To Spruce Grove's Trail Systems! This 850+ Square Ft Unit Is A Great Opportunity To Own! (Id:23934)
CALL1.877.896.6727
Property Price
$119,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,995
Mortgage Insurance ($)
$4,556
Mortgage Required ($)
$118,461
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$74
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$7,569
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$7,569
Monthly Payment
$484
Wonderfully Well Cared For Home, Original Owners. 2+1 Bedrooms, 2 Bathrooms. Four Seasons Room With A Corner Gas Fireplace. Family Room In The Basement With A Wood Burning Fireplace. Main Bath Has A Large Soaker Tub. Upgrades Include Kitchen, Windows, Furnace, Shingles. Basement Developed With A Large Bedroom, Family Room And A 3 Piece Bathroom. Yard Is Completely Fenced With Room To Park A Boat Or A Trailer. Heated Garage 21'X23'. Immaculate Home & Yard. Central Air Conditioning. Pride Of Ownership Here, Don't Miss Out. (Id:23934)
CALL1.877.896.6727
Property Price
$339,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,995
Mortgage Insurance ($)
$12,916
Mortgage Required ($)
$335,821
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$118
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$18,613
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$18,613
Monthly Payment
$1,372
Backing Onto The 9Th Hole Of The Prestigious Links Golf Course This 2002 Custom 1.5 Story Home Has It All!!!! 6 Total Bedrooms! 4 Bathrooms! Over 3300 Square Feet Of Living Space! One Of A Kind Back Yard! Welcome To 56 Fairway Drive! This Incredible Home Has A Huge Kitchen With Maple Custom Cabinetry, Midnight Back-Splash, Ceramic Floors, A Raised Connected Eating Bar, Walk-In Pantry, And 9 Foot Ceilings...Dining Area Is Off Kitchen With Rear Deck Access. Living Room Has 19 Foot Cathedral Vaulted Ceilings And Is Open To Stairwell. Main Floor Also Has Main Floor Den, A 2 Piece Bath, Laundry Room (With Sink), And Spacious Entrance...Upper Level Has 3 Bedrooms...Owners Suite Is King-Sized With Vaulted Ceilings And A Huge Walk-In Closet..Ensuite Is 5 Piece With Corner Deep Soaker Jetted Tub And A Double Glass Shower...Basement Is Fully Finished With Family Room And 3 Additional Bedrooms..Attatched Garage Is Heated 26X24 In Size.Fenced Rear Yard Backs Golf Course And Has A Covered Rear Deck With Gazebo (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 (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$168
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$35,658
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$35,658
Monthly Payment
$2,363
Fully Upgraded Air Conditioned Home With Hardwood Floors On All Three Levels. Basement Is Finished With 1 Bedroom A 3 Pce Bath And Family Room. Youll Enjoy The Open Concept Kitchen With Island And All Granite Countertops,A 2 Pce Bath.Fireplace With Feature Rockwall And Garden Doors To A 3 Tiered Large Deck And Covered Hot Tub With A View Of The Park As Well.Upper Floor Has A Full Large 4 Pce Bath, 2 Bedrooms , Laundry Area And Tv Bonus Room. Finally The Loft With Large Master Suite, Vaulted Ceiling And 5 Pce Ensuite With Soaker Tub And Double Sinks. Once Again This Home Was Completed With Upgraded Tiling,Railings And Adjustments To The Plan Which Make It Much More Open Than The Standard Plan. Full 4 Floor Sound System. Garage Has A Built In Mezzanine For Extra Storage. A Perfect Location On The Park For A Growing Family! (Id:23934)
CALL1.877.896.6727
Property Price
$379,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$18,950
Mortgage Insurance ($)
$14,402
Mortgage Required ($)
$374,452
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$126
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,576
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$20,576
Monthly Payment
$1,530
All The Extras And More! Located In A Quiet Cul De Sac Backing A Pond, This Two Storey Walkout Basement Alquinn Built Original Owner Home Has All The Upgrades And Class That You Could Ask For. Featuring Almost 2,300Sqft, 3 Beds & 2.5 Bath, Rich Hardwood & Tile Throughout The Home, No Carpet, Extensive Cultured Stone Accents On The Main, Coffered Ceilings In The Dining Room, Stainless Steel Appliances And Gas Range, Wrought Iron Railings, Central Air Conditioner, O / S Garage, Vaulted Ceilings In The Bonus Room, Quartz Countertops Throughout The Home, 5 Pce Ensuite With Tiled Shower, Top Floor Laundry And The List Goes On. Outside Youre Not Backing Neighbors & Have Gorgeous Views Of The Pond With A South East Facing Backyard. Enjoy The Summer On Either Of Your Two Large Decks Or The Pergola That Is The Perfect Set Up For A Hot Tub Or Additional Seating Area. Downstairs Is Framed For A Bedroom, Living Room And An Additional Gas Fireplace With The Gas Line Already There. This Home Is A Cut Above The Rest And Will Leave You Wanting More. (Id:23934)
CALL1.877.896.6727
Property Price
$550,000
Minimum Down Payment (%)
5.45%
Minimum Down Payment ($)
$30,000
Mortgage Insurance ($)
$20,800
Mortgage Required ($)
$540,800
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$160
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$31,660
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$31,660
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).