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

City Style & Conveniences Perfectly Accented By The Suburban Charm Of The Berry Hills Neighbourhood. We Are Excited To Be Able To Present Atn Atlantic Homes Newest Design With The Trendy Open Floor Plan Fostering Family Togetherness. With Stylish Features Such As The Electric Fireplace, Bluetooth Enabled Sound System (Speakers), Stainless Steel Kitchen Appliances, Year-Round Comfort Via Ductless Heat Pump, Centre Island, Quartz Counter Tops, A Full Ensuite & Walk-In Closet. 130 Hamilton Drive Is Amazing Value For Your New Home. Berry Hills' Access To Public Transportation Routes, Neighbourhood Amenities, Provincial Parks And Open Space Makes It An Ideal Location For Young Professionals And Active Families With Easy Access To Major Commuting Routes & Of Course In A Fantastic School Zone. (Id:23934)
CALL1.877.896.6727
Property Price
$374,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$18,745
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
$20,245
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$20,245
Monthly Payment
$1,657
Don't Miss This Beautiful Four Bedroom Home In Popular Monarch Estates. Peace And Quiet Is What You'll Notice About This Previous Ramar Model Home, As You Come Down The Tree Lined Driveway. Set In A Natural Setting Boasting Almost Two Acres, You'll Feel Like You're In A Rural Private Setting, Though Only Five Minutes To All Amenities! Walking Distance To The Popular Monarch Drive Elementary School And Playground. The Original Owners From 1999 Have Displayed Pride Of Ownership In This Two Storey Home With A Nicely Landscaped Lot With Big Back Yard. Three Bedrooms Upstairs And One In The Basement. The Rest Of The Basement Is Waiting For You To Put Your Finishing Touch On It. The Fenced Area In The Back Used To Have A Pool; And Could Again, Or An Outdoor Rink ( It Is Currently Used For Family & Friends To Gather Around A Fire Pit ). New Shingles In 2017, Wired For A Generator, And Can Be Hooked Up To Municipal Water If So Desired. This Home Must Be Seen; Won't Last Long! (Id:23934)
CALL1.877.896.6727
Property Price
$349,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,495
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
$18,995
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$18,995
Monthly Payment
$1,547
This Home Could Put An End To Your House Hunting. Why Am I Saying That?? Because This Like New House Have Seen Extensive Renovations, Gutted To The Studs And Re Built 6 Years Ago With Modern Makeover In Mind, From The Large Stylish Kitchen To The Open Living / Dining Area, To A Half Bath And Main Laundry Room. Wide Staircase Will Lead You To The Second Level Where You Will Be Greeted By A Large Landing , Massive Full Bathroom Space And 3 Bedrooms With Built In Shelves And Shoe Storage. (Id:23934)
CALL1.877.896.6727
Property Price
$124,500
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$6,225
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,245
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$8,970
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$8,970
Monthly Payment
$550
New Construction! Choose Your Own Cabinets, Colours & Flooring And Call It Home! Beautiful Chambers Hill Estates Is Nestled In A Cozy Community Just Minutes From The Armdale Roundabout. The Community Offers A Playground For The Children And Is Close To All Amenities. This Modern Semi-Detached Home Features On The Walk-In Level A Built-In Garage, Utility Room, Recreation Room And Powder Room. On The Main Level You Will Find An Open Concept Kitchen / Dining Room With A Large 14X8 Deck, Powder Room And Living Room. The Top Level Offers A Master Bedroom With A 4 Piece Ensuite, 2 Other Bedrooms, Laundry Facilities And A 4 Piece Bathroom. With Exceptional Finishes To Choose From, You Could Make This Your Own. Deposit To Be A Minimum Of $10,000. (Id:23934)
CALL1.877.896.6727
Property Price
$309,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$15,495
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
$16,995
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,995
Monthly Payment
$1,370
First Time This Gem Has Been Offered On The Market . Cozy 4 Bedroom Located In A Quaint Private Little Hide-Away Subdivision With In Walking Distance Of The Down Town Core Of Kentville And A Hop ,Skip And A Jump To Miner Marsh Trail Park. Lots Of Living Space For The Growing Family. Home Has So Much Charm With The Spacious Kitchen ,A Separate Dinning Room, Large Living Room Which Appears To Have The Original Hardwood Floors Underneath The Carpet, A Laundry With A 1 / 2 Bath Combo And A Beautiful Sun Room On The Front Of The Home. Outside You Will Find Lots Of Beautiful Mature Shrubs And Bushes That Frame The Property And A Walkout Entrance From The Basement And A Metal Roof On The Home. A Single Car Garage And Paved Driveway Complete This Sweet Property. Property Is Being Sold As An "As Is, Where Is", With No Improvements. Call Today For Your Private Viewing . (Id:23934)
CALL1.877.896.6727
Property Price
$169,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,450
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
$9,950
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$9,950
Monthly Payment
$747

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.