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

Welcome To 39 Gallery Crescent In Twin Brooks In Middle Sackville. This Executive 3 Bedroom Split Entry Has Much To Offer Including A Semi-Open Concept Main Level, Spacious Master With En-Suite, Hot Tub, Double Car Garage, And So Much More! Enter Through The Front Door Into The Foyer With Closet, Heading Up To The Main Level You Will Find The Living Area With Entrances To The Open Kitchen And Eat-In Dining Room Area. The Back Deck Is Accessible Via Sliding Door Off The Kitchen. Heading Down The Main Level Hallway You Will Find The Main Bathroom, Three Bedrooms Including The Large Master With Ensuite. The Lower Level Has A Family Room, Den / Office, Laundry Room That Has Been Finished With Half Bath. Since Purchasing Many Improvements Have Been Made Including The Hot Tub, Two Ductless Heat Pumps, Painting, Basement Den And Half Bath, And More. Please View Iguide Tour Online And Then Arrangements Can Be Made To View In Person. (Id:23934)
CALL1.877.896.6727
Property Price
$349,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,495
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$18,995
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$18,995
Monthly Payment
$1,462
If You're Looking To Put In Some Sweat Equity Into A Place This May Be The Home For You. (Id:23934)
CALL1.877.896.6727
Property Price
$154,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$7,745
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$9,245
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$9,245
Monthly Payment
$647
Looking For That Perfect Spot, Quiet, With Loads Of Space, Within An Easy Commute To The Hrm? This Updated, Executive Split-Entry In Fall River Fits The Bill. Proudly Sitting Up On A Hill, With An Expansive Front Lawn And Plenty Of Mature Trees, This Home Will Impress. The Moment You Enter, The Main Floor Greets You With: A Large, Inviting Living Room With Custom Molding; Recently Updated Kitchen With New Counter Tops, Backsplash And Hardware - The Stainless-Steel Appliances Are Included; The Adjoining Dining Area With Custom Wainscoting And Garden Doors Leading To A Large Deck And Private Yard; 3 Bedrooms; And An Updated Main Bath With Large Soaker Tub And Separate Shower. Downstairs Provides Plenty Of Additional Living Space: A Large Family Room; 3 Piece Bath With Laundry; Separate Den / Home Office; And A Large Bedroom Suite With His-And-Hers Closets And Separate Sitting Room - Perfect For Your Own Private Home Gym! Recent Upgrades Include New Roof Shingles (2019), New Hot Water Tank (~2018). Municipal Water Services, This Is A Great Family Community. (Id:23934)
CALL1.877.896.6727
Property Price
$389,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,495
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,995
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$20,995
Monthly Payment
$1,629
Amazing Opportunity To Own An Executive Home In The Ravines With A Large And Private Back Yard! This Immaculately Kept Family Home Greets You With An Over Sized Foyer And Elaborate Sprawling Staircase. The Main Floor Is Bright And Airy With Updated Fixtures And Colours Throughout, Along With Plenty Of Space For The Entire Family To Enjoy! The Upstairs Boasts 4 Large Bedrooms, 2 Full Baths And Coveted Upstairs Laundry. Downstairs In The Fully Finished Basement You Will Find Your 5Th Bedroom, Full Bath, Recreation Room And Walk Out To Your Private Hot Tub. This Home Is Stunning And A Rare Find With Such A Large Backyard On This Sought After Street, Call Today To Book Your Showing Or Request The Video Tour! (Id:23934)
CALL1.877.896.6727
Property Price
$759,900
Minimum Down Payment (%)
6.71%
Minimum Down Payment ($)
$50,990
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,399
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$63,889
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$63,889
Monthly Payment
$3,118
Situated On A Cul-De-Sac Of Well Kept Homes And Surrounded By Tall Trees This Home Has Ample Space For Family Times And Entertaining. Enter The Main Level Through The Original Carleton Hotel Doors To Formal Living And Dining Rooms, Both With Patio Doors To A Fenced Backyard & In-Ground Heated 20' X 35' Swimming Pool. Eat In Kitchen With Pantry Leads To A Family Room With Separate Entrance Making It A Perfect Place For A Home Office. Second Level Has A Master Bedroom, With 4 Piece Ensuite, Three Additional Bedrooms, A 3 Piece Bath And A Sunny Landing. Located In A Peaceful Neighbourhood With Deeded Access To Paper Mill Lake Yet Within Minutes Of Highway Access, Shopping And All Amenities. (Id:23934)
CALL1.877.896.6727
Property Price
$629,000
Minimum Down Payment (%)
6.03%
Minimum Down Payment ($)
$37,900
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$39,400
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$39,400
Monthly Payment
$2,600

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.