First National Mortgage Calculator
Haven't found a property to purchase yet?
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Enter the amount that you are planning on paying for the property
STEP 1
Enter property purchase price
Option #1
Option #2
Option #3
Option #4
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Enter the amount that you will pay upfront
toward the property to obtain a mortgage
–
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CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
+
$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)
=
$494,000
$463,950
$436,900
$400,000
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Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
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Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
AlbertaOntarioSaskatchewan
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Fixed Rates
1 Year
6.04%
2 Year
5.74%
3 Year
5.34%
4 Year
5.24%
5 Year
4.99%
7 Year
5.84%
10 Year
6.00%
Variable Rates
5 Year
5.80%
Fixed Rates
1 Year
6.04%
2 Year
5.74%
3 Year
5.34%
4 Year
5.24%
5 Year
4.99%
7 Year
5.84%
10 Year
6.00%
Variable Rates
5 Year
5.80%
Fixed Rates
1 Year
6.04%
2 Year
5.74%
3 Year
5.34%
4 Year
5.24%
5 Year
4.99%
7 Year
5.84%
10 Year
6.00%
Variable Rates
5 Year
5.80%
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Please select how often you would like
to make your mortgage payments.
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
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About First National Mortgages
Dealing with a private financial institution that specializes in commercial & residential real estate financing is precisely what First National offers its customers. Leading the way in the market of mortgages & realty, First National should be any home buyer's 'go-to' for a non-bank lender. Through the assistance of a mortgage broker, home buyers can count on First National for fairness, with the vision of home buyers managing their mortgage instead of their mortgage managing them, the success rate of buyers being approved for a mortgage loan is unsurpassed. Private lenders have an angle that major banks do not...private lenders are NOT regulated by the government, so therefore the stringent criteria is a little more flexible to qualify for a mortgage. First National mortgage calculator is a great option for first time home buyers and mortgagees alike to use as it breaks down the important pieces of information about a mortgage quickly and conveniently. Getting the bottom line on a mortgage loan (the monthly payment amount) is what home buyers want to know before talking to a lender. The answers to where a buyer's borrowing capability stands can be ascertained by using an affordability calculator. The First National website is a wealth of mortgage related information & resources for home buyers.
The First National mortgage calculator is a great tool to use to figure out the monthly mortgage payment amount, which is how most home buyers find out if a home is within their budget each month. You only need to know the principal amount (the amount you wish to borrow), the estimated interest rate, and the number of years you plan to carry the loan out for and click submit...you will instantly have a basic monthly payment amount result. To give yourself the upper hand in the mortgage market, a mortgage broker is an asset, as these mortgage specialists know how to present all mortgage options to you, how to present to the lender, and all the mortgage laws in effect. You do not have to worry about paying for a mortgage broker's services; a broker is paid by the lender when an agreement has been reached and you are ready to assume your chosen mortgage. Home ownership is closer than you may think when utilizing the expertise of a broker (having a pro representing your best interests can really make a huge impact on the mortgage product & interest rate that you will be offered). The mortgage market can be difficult and sometimes confusing, especially to first time home buyers looking for a new mortgage, so eliminating those variables is a smart financial strategy.