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

What A Find! Sweet Family Home In Yankeetown Area Of Hammonds Plains! Such A Wonderful Area You Can Call Home With Schools And All Amenities Close By. This Home Has 3 Bedrooms, Updated Main Bath Plus A Half Bath Perfectly Placed In The Mud Room. Built In Garage With Extra Area For Workshop Or Storage. The Main Floor Is So Big And Bright With Large Windows And Open Concept. The Lower Level Has A Cozy Family Room With Storage As Well! The Yard Is Fantastic For Campfires Or Just Enjoying The Outdoors. Lots Of Room For The Kids And Animals To Run. The Windows And Siding Are Vinyl And Roof Has Been Recently Updated. This Home Needs No Maintenance For Years To Come! All Offers Are To Be In By 4Pm Friday July 30Th And To Be Left Open Until 9Pm Friday July 30Th. (Id:23934)
CALL1.877.896.6727
Property Price
$325,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,250
Mortgage Insurance ($)
$12,350
Mortgage Required ($)
$321,100
Best Mortgage Rate (%)
1.35%
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
$17,750
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$17,750
Monthly Payment
$1,261
Welcome To 160 Curtis Drive. Great Family Home Close To All Amenities. Side Entrance Opens To A Mudroom / Laundry Plus A 2Pc Bath. French Doors Separate The Main Living Area. Exposed Beams Stretch From The Dining Space Through To The Dining Space Throughout. Centre Island Offers Extra Seating For Evening Homework Studies Or Entertaining. Beautiful Backsplash, Double Sinks & Pantry And Open Concept. The Oversized Glass Doors Lead To Amazing Sunroom With Cathedral Ceilings, Large Windows With A View To The Fenced Backyard. Patio Doors Lead To The Gazebo Area, Great For Bbqs. Back Inside, The Living Room Stretches Along One Side Of The Home Also Has Exposed Beams And Lots Of Windows. Upper Level Has The Main 4Pc Bath And 3 Bedrooms. Unique Master Bedroom With A Makeup Area Plus A 2Pc Ensuite. Basement Level Is Finished. A Reading Area With Bookshelves, The 4Th Bedroom, Recreation Room, Storage Room Plus The 4-Piece Bath. Home Has A Walk Out Basement, Paved Driveway, Heat Pumps And The Location Cant Be Beat With A Greenspace Bordering The Property. Close To Truro Elementary. You Wont Be Disappointed. (Id:23934)
CALL1.877.896.6727
Property Price
$324,500
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,225
Mortgage Insurance ($)
$12,331
Mortgage Required ($)
$320,606
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$3,245
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,970
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$20,970
Monthly Payment
$1,259
Located In The Heart Of Bridgewater, This Move-In Ready, 3-Bedroom, 1 Bath Bungalow May Be Just What You Are Looking For. Situated On An Oversized Lot, This Property Includes Extra Parking Space And Opportunities To Expand. The House Includes A Large Eat-In Kitchen With Tiled Floors And A Laundry Area, A Large Living Room, , A 4-Piece Bath And 3 Large Bedrooms. Heat Pumps Are Situated In The Kitchen And In The Living Room To Provide Energy Efficient Heating And Cooling. The Paved Driveway Leads To An Attached 21X25 Garage. The Private Backyard Is Perfect For Relaxing And Entertaining With A Stone Patio, Garden And A 10X12 Storage Shed. The Roof Has Been Recently Re-Shingled (2020) And Has Had A 200 Amp Electrical Upgrade In 2017. This House Is Close To All Amenities, The Park And Is Walking Distance To The Schools. With All Of These Options, This House Is A Must See. Call For Your Viewing Today! (Id:23934)
CALL1.877.896.6727
Property Price
$259,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$12,950
Mortgage Insurance ($)
$9,842
Mortgage Required ($)
$255,892
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$3,885
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$18,335
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$18,335
Monthly Payment
$1,005
Lots Of Character & Charm This Cozy 1.5 Story Home Is Very Spacious, With Built In Cabinets And Has Been Well Maintained Throughout The Years. The Main Floor Offers A Large Eat In Kitchen With Plenty Of Cabinets, Living Room, Family Room With Plenty Of Windows That Leads To A Screen In Porch, 2 Bedrooms, Full Bath. Upstairs Offers A Large Bedroom Or Could Be Used For Your Office. Downstairs Offers A Recreation Room, Full Bath, And Plenty Of Storage. The Property Is Very Private, Has Two Shed, Metal Roof, Paved Driveway And On A Quiet Street That Would Be Great For Your Family. Walking Distance To All Of Kentville Amenities, Parks, Kings Transit, Shopping, Tennis Courts, The Pool And The Ball Fields. All Appliances Are Included In The Purchase Price. Book Your Showing Now. (Id:23934)
CALL1.877.896.6727
Property Price
$254,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$12,745
Mortgage Insurance ($)
$9,686
Mortgage Required ($)
$251,841
Best Mortgage Rate (%)
1.35%
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
$14,245
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$14,245
Monthly Payment
$989
Welcome To 174 Rutledge Street! This Tastefully Finished Two Bedroom, One Bathroom, 950 Square Foot Condo Features Offers An Optimal Location Within Building With The Garage And Main Door Just Steps Away. The Underground Parking Space Is Ideal! In-Suite Laundry With A Washer And Dryer. Open Concept With Natural Light, The Living And Dining Area Offers Plenty Of Inviting Living Space. The Kitchen Offers Updated Hardware, And A New Dishwasher. The Spacious Master Bedroom Offers Large Walk-In Closet. Condo Fees Include One Assigned Underground Parking, Water, Building And Grounds Maintenance. , A Centrally Located Condominium Close To Schools, Parks, Amenities, And The Bedford Boardwalk! (Id:23934)
CALL1.877.896.6727
Property Price
$182,500
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,125
Mortgage Insurance ($)
$6,935
Mortgage Required ($)
$180,310
Best Mortgage Rate (%)
1.35%
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
$10,625
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$10,625
Monthly Payment
$708

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.