Nova Scotia 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
+
Total Cash Needed
=
$28,020*
$52,616*
$77,457*
$101,500*
* Plus Land Transfer Tax, please select Nova Scotia city to calculate Land Transfer Tax

Contact Us

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

Nova Scotia Mortgage Calculator Examples

If You've Been Looking For An Immaculate, Like New, One Level Home That Is Move In Ready, Look No Further. 45 Cadegan Drive Offers A Beautifully Landscaped, Well Thought Out Design, On A Quiet No Exit Street. This Home Was Built With Infloor Heating, Cathedral Ceilings, And A Wide Open Concept From The Eat In Kitchen Into The Spacious Living Room. Other Notable Features Include An 8X16 Shed, Icf Walls, And The Premeditated Design Plan To Be Plumbed And Wired For A Heat Pump Should You Desire One. This Turn Key Home Built In 2012 Will Be Sure To Catch Your Eye Both Inside And Out. Don't Miss Your Chance To Call 45 Cadegan Drive Home. Call Today To Book Your Private Showing! (Id:23934)
CALL1.877.896.6727
Property Price
$289,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,450
Mortgage Insurance ($)
$10,982
Mortgage Required ($)
$285,532
Best Mortgage Rate (%)
3.20%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$4,335
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,285
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$20,285
Monthly Payment
$1,381
Fantastic Investment Opportunity! Add This Well Maintained And Updated Duplex To Your Portfolio! Located Very Close To Major Metro Transit Route And Extensive List Of Amenities That Sackville Has To Offer. Lots Of Upgrades Including New 2 Tiered Rear Decks And 16 Foot Front Deck In 2020, Both Units Have Finished Lower Levels Offering A Fourth Bedroom With Full 4 Piece Baths, 103 Has A New Kitchen In 2020 And 101 Has An Updated Kitchen In 2021, All Plumbing Above Grade Has Been Updated With Abs And Pex In 2021, Both Units Have Had New 200 Amp Upgrades In 2017, Both Units Have New 12,000 Btu Heat Pumps Installed As Of 2017 And The Original Hot Water Heating System Has Been Retrofitted With Electric Boilers As A Backup System, Roof Shingles Were Replaced Approx 10 Years Ago. Both Units Have Spacious Fenced Backyards. Great Buy - Move In One Side & Rent The Other (Id:23934)
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Property Price
$375,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$18,750
Mortgage Insurance ($)
$14,250
Mortgage Required ($)
$370,500
Best Mortgage Rate (%)
3.20%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,250
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$20,250
Monthly Payment
$1,792
Welcome To 61 Oceanlea Drive In The Beautiful Seaside Community Of Eastern Passage. This 3 Bedroom Bungalow Is Filled With Potential - With A Little Tlc, You Can Make This Your Own. The Heart Of This Home Is In The Living Room. It Features A Large Front Window With Lots Of Natural Light Along With A Wood Stove Insert For Those Cozy Fall & Winter Nights. Step Outside To The Spacious Fenced In Backyard, It's Perfect For The Kids, Pets & Entertaining Family & Friends! Start Or End Your Day With A Walk Along The Boardwalk At Fisherman's Cove & Maccormacks Beach. Grab A Tea & Breathe In The Salt Air. Home Features A Wired Single Detached Garage & Shed, Walk Out Basement With Lots Of Space For Storage. Book Your Private Viewing Today. Home Being Sold "As Is" (Id:23934)
CALL1.877.896.6727
Property Price
$299,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,995
Mortgage Insurance ($)
$11,396
Mortgage Required ($)
$296,301
Best Mortgage Rate (%)
3.20%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,495
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,495
Monthly Payment
$1,433
Spacious Timberlea Two Storey With A Full In-Law Suite On Quiet Cul-De-Sac. Brunello Golf Course Borders Against The Forest In The Backyard. Well Maintained And Cared For Home Over The Past 20 Years By Original Owners. The Roof Was Just Replaced Last Year, Front And Side Decks Resurfaced, Newer Hot Water Tank, Radon System Installed. The Grounds And Gardens Have Mature Landscaping And A Low Maintenance Yard. This Large Family Home Offers Of 3000 Total Square Feet Of Living Space That Is So Versatile And Work For Many Living Situations Other Than Just The Traditional Growing Family. An Excellent Set-Up For A Blended Family, Rental Potential, Homestay Or Student Hosting, Office And Home Work Space. Just Imagine The Possibilities (Id:23934)
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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 (%)
3.20%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$26,495
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$26,495
Monthly Payment
$2,388
Set On A Large Private, Beautifully Landscaped Lot In A Quiet Neighbourhood. Impeccably Maintained, This 3 Bedroom Executive Bungalow Is Ideal For A Growing Family Or Those Looking For One Level Living. The Bright And Spacious Floorplan Offers A Welcoming Living Room With Wood Burning Fireplace, Formal Dining Room, 3 Full Bedrooms On Main Level Including A Nice Size Master With 2Pc Ensuite And A Huge Eat-In Kitchen With Entrance From The Attached Double Car Garage. The Lower Level Has A Large Family Room, Flex Room Ideal From Home Theater, Lots Of Storage And A Workshop. The Back Yard Is A Dream! Enjoy Entertaining Or Having Quiet Time Relaxing On The Patio Beside The 20 X 40 Inground Heated Pool And Hot Tub. This Home Is Larger Than It Looks With Many Updates. All You Have To Do Is Move In And Enjoy A Worry-Free Lifestyle (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 (%)
3.20%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$41,490
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$41,490
Monthly Payment
$3,067

Mortgages In Nova Scotia

The nicely balanced lifestyle that Nova Scotia provides is what attracts home buyers to plant roots here. This is about the only province in Canada that can offer coastal, rural, and urban living environments, with a short drive connecting all three! The Bay of Fundy is a natural draw for its beauty and fishing industry. There are places within this province that offer farm or forested environments, which is perfect for people that want a more rural lifestyle. There is also the urbanistic hub of the city of Halifax & Dartmouth, which is overflowing with amenities and opportunities. No matter where in this province you choose to invest in a new home or build your ideal home, you will find the residents friendly within many communities and will be a short commute to any point in this province. A mortgage loan is the usual way that home buyers secure the funding to build or buy their new home and to get started, so why not give the Nova Scotia mortgage calculator a try? Spotting a great property that seems affordable can be confirmed with a mortgage calculator, which calculates the principal amount of the loan with the interest rate, the length of time the loan will be taken out for, the start date, the payment frequency, and the rate type.
The rate type refers to the type of mortgage product that you will end up deciding on to dictate how your mortgage loan for your home in Nova Scotia will perform. By utilizing a basic mortgage calculator, you may have already noticed that the type of mortgage product can drastically change the way your loan unfolds over a period of years. You may already know about different mortgage types, like an open or closed mortgage, a fixed rate mortgage, a hybrid mortgage, an adjustable rate mortgage, or a variable rate mortgage (if you do not, then it is a wise idea to know about the different kinds of mortgages before trying to sit down with any lender). Some home buyers want their mortgage loans to run at a steady pace without any surprises (a fixed rate mortgage), and some people want the opportunity for their interest rate to possibly go lower by keeping pace with the prime rate (a variable rate or adjustable rate mortgage). Some lenders may offer you a hybrid mortgage, which basically uses the variable rate and the fixed rate mortgages combined. If you have managed to save at least 20% of the value of the home that you wish to buy, then you have a down payment and may be offered a conventional mortgage.
Nova Scotia is an explorable and enjoyable province with plenty of options for indoor and outdoor activities. You may feel ready (after using a mortgage calculator) to talk to lenders to see who will offer you the best deal, but are you really prepared to take this big leap into home ownership? Many people do not proactively do their research, save money, or even take concern over their credit ratings due to debts and possibly do not have longevity at their place of employment. Securing a loan large enough to buy a home is not like renting an apartment each month; there is a substantial difference between the two. Home ownership means having enough income each month & annually to not only cover a mortgage loan and the interest that gets tacked onto it, but there are more utilities (septic, water & land taxes if applicable and regular utilities like hydro, which costs more for a house) and potential expenses like maintenance, repairs or renovations. A mortgage broker is a great and reliable source that can help home buyers with mortgage expertise, access to a variety of lenders and know-how on getting the best mortgage product that suits your financial situation, with the ability to tweak it.