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 Unique Property And Opportunity To Purchase A Very Large Home With A Self Contained 3 Bedroom Apartment And A Huge Detached 40.6" X 27.6" + 15 X 19.6" Garage. Property Address Is 1820 / 22. The Main Home Is Over 3200 Square. Ft. Of Living Space Which Is Bright And Open And Was Custom Built. Much More Than Just A Home With Income In This Rapidly Developing Area With Great Accessibility For A Business. It Features Custom Woodwork, Great Entertaining Areas, Master With Walk In 5 Piece Ensuite And A Walk In Double Shower All Custom Tiled. The Downstairs Could Easily Accommodate An In Law Suite As It Is All Pre Wired For That But Currently Is Set Up Great For Kids Or More Space For You. The Top Floor Is A Self Contained 3 Bedroom Apartment At Over 1600 Square. Ft. Easily Rented And Goes A Long Way To Help With The Bills. The Garage Is Suited For A Multitude Of Uses And Was Used As A Used Car Dealership. The Lovely Grounds Are Filled With Weeping Trees, Fruit Trees, Grapes And More With Quality Spaces To Just Chill And Have A Glass Of Wine Or A Tea. (Id:23934)
CALL1.877.896.6727
Property Price
$427,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,395
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
$22,895
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$22,895
Monthly Payment
$1,892
Looks Can Be Deceiving In This 4 Bed , 1 Bath Home With A Full 700Sqft Apartment In The Basement. This Large Home Boost A Huge Master Bedroom That Is Private From The Other Three. The Cathedral Ceilings In The Living And Dining Room Makes For A Great Open Feeling. Down Stairs In The Large 1 Bedroom Apartment With Its Own Entrance, You Will Be Amazed At The Space. Would Be Great As Income Or For Elderly Parents To Have Close By. This Is Truly A Rare Find In Bridgewater At This Price. Ex#96071 (Id:23934)
CALL1.877.896.6727
Property Price
$156,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$7,845
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,354
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,699
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$11,699
Monthly Payment
$694
True Value! This Move In Ready And Incredibly Spacious Three Bedroom Two Bath Home Is In A Highly Sought After West Side Location! Situated On A Super Size Lot Conveniently Located On A Quiet Street Close To The Sampson Trail, Stores, And The Downtown Area. It Is Obvious Upon Entry That This Solid Well Maintained Bungalow Has Been Lovingly Cared For. The Lay Out Is Ideal For Entertaining. Some Highlights Of This Home Includes Immaculate Hardwood Flooring, A Propane Fireplace, Updated Kitchen, All New Light Fixtures Throughout, Sky Light For Natural Light In The Main Bathroom, Main Floor Laundry, Newer Heat Pump For Climate Control, An Ensuite... The List Goes On And On! The Lower Level Has A Massive Recreation Room And Two Other Huge Rooms To Develop As You Wish. Outside You Will Find An Attached Wired And Heated Garage, Concrete Drive Way, Sizable Private Fenced Back Yard With A Two Tier Deck And Shed. Tremendous Opportunity To Own A Beautiful Spot In Wonderful New Glasgow Come See For Yourself! (Id:23934)
CALL1.877.896.6727
Property Price
$289,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,450
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,890
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$18,840
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$18,840
Monthly Payment
$1,278
If You Have Ever Driven Through Fall River Village You Have Likely Admired This Magnificent Property. Now It Can Be Yours. Home And Cottage All In One In A Very Convenient Location. Large Private, Secluded Lot, Huge Totally Brick Bungalow With In-Ground Pool, Amazing Courtyard, Hot Tub, 4 Car Garage, Large Work Shop Off Lower Garage, Etc. Etc. This Home Is Priced At Approximately 60% Of The Replacement Cost. Nearly 4,800 Square Ft Of Finished Living Space Over Two Floors Plus Additional Space That Could Be Finished. Economical In-Floor Radiant Electric Hot Water Heating With Propane Back-Up, 3 Ductless Heat Pumps, Back-Up Propane Generator, 1 Propane Fireplace, One Electric. Steel Roof Was Done In 2015. Kitchen Has Been Updated With Granite Counter Tops And All New Appliances. Lawns Have Sprinkler System. Paved Driveway From Both Ingram And Jocelyn. This Is Truly One Of The Nicest Properties I Have Listed In My 28 Year Real Estate Career. (Id:23934)
CALL1.877.896.6727
Property Price
$749,900
Minimum Down Payment (%)
6.67%
Minimum Down Payment ($)
$49,990
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
$51,490
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$51,490
Monthly Payment
$3,257
This Beautiful Bungalow Has All The Service And Structural Updates Needed, You Just Need To Put Your Own Personal Touch! Converted To A Back-Split, This Home Has Everything A Family Needs. Two Spacious Bedrooms Upstairs With A Large Den Downstairs, Open Concept Kitchen / Living / Dining, A Detached Garage, And A Massive Basement Recreation Room. The Windows Have All Been Replaced, New Metal Roof On Both The Home And Garage, Propane Heat With On Demand Hot Water 5 Years Ago, And Regular Servicing On Both Septic And Well. What's Not To Love? Do Not Miss Out On This Opportunity! (Id:23934)
CALL1.877.896.6727
Property Price
$249,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$12,495
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
$13,995
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$13,995
Monthly Payment
$1,105

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.