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 Examples

A Truly Exceptional Opportunity In The Quiet And Stately Blue Mountain Subdivision In Hammonds Plains Doesn't Happen Too Often! This Lovely Property Is Located On A Quiet Street With Next To No Traffic Unless You Live On The Street. Nestled Into A Huge Private Lot, This Home Has Nothing Needed For The New Owner To Do Except For Personal Customization. Complete With An Attached 17X24 Heated Garage, A Detached 24X24 Both Heated And Wired And 3 Sheds! This Is Both A Handy-Person's Dream For A Work Shop And Other Tools, And Super Practical For Any Car Lover Or Collector! You Will Instantly Appreciate The Newly Sealed And Recently Paved Double Wide Driveway, Which Can Easily Fill Additional Vehicles. As You Enter The Home You'll Be Impressed With The Open Nature Of The Entry Way, Huge Recreation Room On The Lower Level As Well As The 4Th Bedroom, Full Bathroom And Laundry Room - With Direct Access To The Attached Garage. The Upper Floor Has A Hugely Spacious Living Room, Large Dining Room Right Off The Kitchen With Lots Of Space For A Large Table And Chairs - Perfect For Entertaining. The Kitchen Itself Opens Up To The Back Deck, For Great Barbeque's And Summer Events, Overlooking The Lovely Cared For Grounds. The Rest Of The Main Floor Has A Large Master And Ensuite Bathroom, Full Bathroom And Two Good Sized Bedrooms - Perfect For Any Growing Family. There Is Truly Nothing You Need To Do To This Home, Other Than To Make It Yours! (Id:23934)
CALL1.877.896.6727
Property Price
$499,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,995
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
$26,495
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$26,495
Monthly Payment
$2,210
Incredible Value In Middle Sackville's Newest Premiere Community, Autumn Ridge. This Gorgeous Split Entry, New Construction Home Includes All The Upgrades You Could Dream Of. Situated On A Lot That's Only Seconds To The Highway And 20 Minutes From The City, You'll Feel Relaxed And Rejuvenated Coming Home To Your Own Piece Of Paradise Everyday. At A Price Like This, You Simply Can't Afford To Miss Out On This Home - Call For More Details Before Its Gone. (Id:23934)
CALL1.877.896.6727
Property Price
$394,500
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,725
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
$21,225
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$21,225
Monthly Payment
$1,744
Welcome To The Parks Of West Bedford. 12 Lowther Lane Is A Stunning Home, Finished On Over 2500 Square. Ft With Natural Gas Hwbb. The Main Level Features Two Separate Living Areas, Formal Dining, Open Concept Kitchen With Beautiful Granite Counters, Island, Pantry, 2Pc Bath, Hardwood, And Ceramic Flooring. Heading To The 2Nd Storey You Will Find A Hardwood Staircase And Hardwood On The Upper Landing And Master Bedroom. The Generous Master Bedroom Features A Large Walk-In Closet And Ensuite With Soaker Tub, Separate Shower And Double Vanities. Finishing Out The Top Level Is Two Bedrooms, Laundry' Room And 4Pc Bath. The Lower Level Is Finished With A Recreation Room, 4Th Bedroom, 4Pc Bath, Utility Room And Single Built In Garage. Roughed In For Solar, Surround Sound, Central Vac, And Security. All Measurements Are Approximate. Book A Viewing Today! (Id:23934)
CALL1.877.896.6727
Property Price
$446,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,345
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
$23,845
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$23,845
Monthly Payment
$1,976
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 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 4Pc Ensuite And Your Laundry Conveniently Located Upstairs. 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
$304,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$15,245
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
$16,745
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,745
Monthly Payment
$1,348
Sitting On A Corner Lot With A Wrap Around Driveway That Takes You Through A Carport, Which Connects The House With The Solid Cinder Block Wall 2 Car Garage. In The Home There Is Plenty Of Room With 4 Bedrooms And 3 Baths, One Of The Bedrooms Is Currently Being Used For Laundry To Allow For One Level Living If You Wish. The Basement Includes Lots Of Space To Entertain Or Keep Busy Complete With A Cold Room, Bar, Study, Family Room And Workshop (With It's Own Entrance.) Great Opportunity To Add Your Own Personal Touch And Love To This Unique Home Planted Firm In A Highly Sought After Area Of New Glasgow. Don't Let This One Pass, Schedule A Private Showing Today. (Id:23934)
CALL1.877.896.6727
Property Price
$164,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,245
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,649
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,394
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$11,394
Monthly Payment
$729

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.