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

Looking For A 2 Bedroom Home On A Nicely Treed Corner Lot... This Is A Great Starter Home Or Perfect For Downsizing. The Home Has Vinyl Siding And Over The Years Has Had New Skirting, Windows, Roof, Doors. Call For More Info Today! (Id:23934)
CALL1.877.896.6727
Property Price
$59,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$2,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$4,495
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$4,495
Monthly Payment
$265
4 Bedroom, 3 Bath, Split Entry With A Spectacular New Mother Hubbards Kitchen In Popular Craigburn Estates. Enter Through The Large Foyer And Up The Hardwood Steps To The Main Level Featuring A Large, Bright, Open Concept Kitchen / Dining Area With Doors To The Sunny Back Deck. Kitchen Was Just Renovated With All New Cabinets, Quartz Counters, New Pot Lights, New Light Fixtures And All New Appliances. The Living Room Is Inviting And Spacious With Hardwood Floors. The Master Features Double Closets And A Full Updated Ensuite. Two Other Good Sized Bedrooms And A Main Bath Complete This Level. The Lower Level Has A Family Room With Propane Fireplace, A Fourth Bedroom, Bath With Shower And Laundry And A Large Double Garage. This Home Can Save You Money As All Hot Water (For Showers, Dishwasher, Washer Etc.) Is Heated Through A Solar Power System Installed In 2014 And Serviced In 2018. Roof Newly Re-Shingled In 2018. All Sitting On A Beautiful Large Lot With Loads Of Gardens For You To Enjoy. Close To Dartmouth Crossing, Downtown, Airport, Shubie Park And All Amenities. Call To View This Perfect Family Home Today. (Id:23934)
CALL1.877.896.6727
Property Price
$394,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,745
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$21,245
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$21,245
Monthly Payment
$1,746
Rooftight Presents The Hampton, The Rockport And The Caledonia; 3 Brand-New Home Designs In West Bedfords Newest Community: Brookline Park! These Two-Storey, 4 Bed, 3.5 Bath Homes Are Finished On All 3 Levels And Offer A Modern Interior Design Across An Open Concept Living Space. Upon Entering The Main Level, You Arrive Into The Inviting Living Room, Which Flows Into The Dining Room On One Side, And The Open-Concept Kitchen On The Other. You Will Love The Kitchens Custom Island And Convenient Pantry For Added Storage. The Living Room Features Large Windows Allowing For Lots Of Natural Light And A Fireplace For Cozy Evenings Spent Reading A Book Or Relaxing. Step Out Onto The Back Deck, Perfect For Bbqing And Entertaining Friends; Or, If You Prefer - Star Gazing On Quiet Summer Night. Upstairs, The Master Bedroom Has A Dreamy 5 Piece Ensuite, With Double Sinks, A Stand-Alone Shower And Spa-Like Soaker Tub - The Perfect, Comforting Retreat At The End Of The Day. Choose Your Preferred Home Design: Costal Or Modern Farmhouse! We Invite You To Discover The Lifestyle You Have Been Dreaming Of Today In West Bedford. (Id:23934)
CALL1.877.896.6727
Property Price
$484,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,245
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$25,745
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$25,745
Monthly Payment
$2,144
Ideal Starter Home! This Spacious 3 Bedroom Home Is Centrally Located, Walking Distance To Downtown, Aberdeen Mall And New Glasgow Academy School. This Move In Ready Home Is Complete With A Spacious Kitchen, Dining Room, Cozy Living Room, And Three Good Size Bedrooms. The Home Also Offers Newer Windows, Fiberglass Oil Tank, Furnace And Steel Liner, Two Steel Doors And Much More! Call Today For More Info Or To Book Your Showing. (Id:23934)
CALL1.877.896.6727
Property Price
$64,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$3,245
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$649
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$5,394
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$5,394
Monthly Payment
$287
Everything You Need And More! You Will Love This Fully Finished 2 Storey Home That Is Located 15 Minutes From Downtown Halifax. Governors Brook Is A Great Place For Young Professionals And Active Families Due To The Close Proximity To Transportation Routes, Neighbourhood Amenities And 150 Acres Of Conservation Land With Direct Access To Mcintosh Run Community Trail And Is Minutes From Long Lake Provincial Park. Walking Trails, Provincial Parks And School Systems Are All Close By. The 2 Storey Detached Home Features A Single Garage, 3 Bedrooms, 3.5 Bathrooms And A Heat Pump. On The Main Level Enjoy Your Open Concept Kitchen /Dining Room And Living Room With A 2 Piece Bathroom. Upstairs Are 2 Bedrooms And A 4 Piece Bath As Well As The Master Bedroom With 4 Piece Ensuite And Your Laundry Conveniently Located In The Basement. The Layout Is Very Functional And Practical, Every Space Is Well Utilized. Enjoy Your Time Outside After Work On Your Deck Taking In The View. The High End Finishes Include Soft Close Cabinetry, Subway Tile, Laminate Floors, Stone Counter Tops And Ceramic Floors. Ask About The Energy Efficiency Rating Of These Homes! Call For More Details Or A Private Viewing (Id:23934)
CALL1.877.896.6727
Property Price
$307,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$15,395
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,895
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,895
Monthly Payment
$1,361

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.