Industrial Alliance Mortgage Calculator

Haven't found a property to purchase yet?
?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
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
Province
AlbertaBritish ColumbiaOntarioSaskatchewan
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
Fixed Rates
3 Year
3.54%
4 Year
3.59%
5 Year
3.64%
Variable Rates
5 Year
3.80%
Fixed Rates
3 Year
3.54%
4 Year
3.59%
5 Year
3.64%
Variable Rates
5 Year
3.80%
Fixed Rates
3 Year
3.54%
4 Year
3.59%
5 Year
3.64%
Variable Rates
5 Year
3.80%
Fixed Rates
3 Year
3.54%
4 Year
3.59%
5 Year
3.64%
Variable Rates
5 Year
3.80%
?
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

About Industrial Alliance Mortgages

Industrial Alliance (Financial Group) is an Insurance company that works directly with people for many financial products like retirement, savings, investments, loans, insurance, and mortgages, just to name a few. Mortgagees that want mortgage refinancing, home equity loans, a new mortgage, or a mortgage renewal are welcomed at Industrial Alliance. First time home buyers that are investigating a new mortgage loan are also welcomed to see just how Industrial Alliance mortgage calculator and other helpful tools (found on the website) can boost your knowledge base on the mortgage market. Existing mortgagees and first time home buyers should know that mortgage brokers are a highly valuable resource of expertise that buyers can utilize to aid their goals in home ownership. Mortgage brokers are reimbursed for services by the lender, not the home buyer...a win-win situation that is a huge benefit to all level home buyers. Mortgage types vary just enough to make them perform differently, so becoming familiar with the top three (fixed rate mortgage, adjustable rate mortgage & variable rate mortgage) is ideal (there is a long list of mortgage types with many geared for people that have existing mortgages). Industrial Alliance is competitive with mortgage rates for home buyers.
Mortgages are completed in a series of steps and utilizing the Industrial Alliance mortgage calculator & associated mortgage tools is just the first step. Discussing mortgage options with your broker is the next step and applying for a mortgage loan follows. Qualifying for a mortgage loan differs between lenders, but the financial standing of a borrower (home buyer) has the largest impact on denial or approval. Many people turn to alternate lenders because they just cannot get around all the hurdles and expectations that major banks impose to qualify for such a large loan...even credit unions have tight criteria on the application process. Alternate lenders are willing to take on more risk with a borrower, but at a cost to the borrower which is usually through the interest rate offered with a mortgage. Home buyers that are completely 'squared up' financially and stable can easily approach a major bank, whereas other people that are less prepared (such as not having a large down payment saved) have alternate & private lenders to turn to. One great aspect about using a mortgage broker is that a broker has access to numerous lenders and can dig around to get their clients the best deal on a mortgage.

Contact Us

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1.877.896.6727