Nova Scotia Mortgage Calculator
?
Enter the amount that you are planning on paying for the property
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Antigonish16Beaver Bank32Bedford90Bible Hill31Bridgewater38Centreville16Coldbrook15Cole Harbour22Dartmouth173Digby19
East River Point13Eastern Passage31Elmsdale16Enfield24Fall River36Glace Bay42Halifax272Hammonds Plains47Kentville49Kingston16
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
–
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
+
$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)
=
$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
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Select
Select
Select
Select
4.59 %
5.14 %
5.14 %
5.39 %
5.49 %
5.74 %
5.74 %
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
–
–
–
–
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
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
+
–
–
–
Select City to get Land Transfer Tax Rate
East River PointEastern PassageElmsdaleEnfieldFall RiverGlace BayHalifaxHammonds PlainsKentvilleKingston
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
Nova Scotia Mortgage Calculator Examples
Modern, Updated And Move In Ready!! This Gorgeous, Affordable, And Immaculate 2 Bed And 1 Bath Home Has Everything You Need And More! Come And Take A Look To See One Of The Best Makeovers And The Best Layouts Around! Conveniently Located In The Heart Of Bridgewater And Within Walking Distance To Shopping, Bus Stops, And All Of The Town's Amazing Amenities. This Well Maintained Property Offers Great Curb Appeal But Wait Until You Step Inside! You Will Fall In Love The Second You Walk In The Door And See The Stunning And Updated Eat In Kitchen With It's Modern And Clean White Cabinets, Tons Of Cupboard And Counter Space, A Pantry For Extra Storage, And Plenty Of Room For Entertaining Guests. The Natural Light Fills This Home Making It Bright And Happy All The Time With It's Open Concept Feel, Large Windows, And Perfect Colors! This Is The Spot People Will Want To Gather With It's Huge Living Room And The Amazing 2 Level Deck / Patio Area Outside. Wait Until You See The Size Of These Bedrooms And The Best Partially Is They Are At Each End Of The Home Allowing The Perfect Amount Of Privacy For All. You Will Love The Modern Bathroom With It's New Vanity And Toilet, The Separate Laundry Room With Room For A Deep Freezer And A Door To Your Own Clothes Line. This Immaculate Mini Home Has Had Many Upgrades Throughout Including All New Flooring, New Fixtures, Updated Kitchen And Bath, New Custom Blinds, New Pressure Tank, Painted Throughout, Mostly New Windows (2018), Heat Pump Offering Inexpensive Heating And Cooling All Year Long, And So Much More!! You Will Love The Huge Private Deck, Large Storage Shed, Double Paved Driveway, And The Well Manicured Lawn! What A Treat To Come Home To At The End Of The Day And Will Be Perfect For Relaxing Or Entertaining Family And Friends. This Is A Home You Will Be Proud Of And A Neighbourhood That Will Offer You The Comfort And Security You Are Looking For With Your New And Convenient In Town Living. This Is A Must See So Call Today! (Id:23934)
CALL1.877.896.6727
Property Price
$159,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$7,995
Mortgage Insurance ($)
$6,076
Mortgage Required ($)
$157,981
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,399
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,894
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$11,894
Monthly Payment
$882
R2 Zoned! This Large Split Entry (2526 Square Ft) Features 2 Meters! Walk Into This Bright Home Where You Will Find A Large Living Room, Kitchen, Mud Room, Family Room With Patio, Primary Bedroom With Large Walk-In Closet Plus 2 Other Bedrooms And A Full Bath. The Lower Level Features A 2 Bedroom Apartment With Large Kitchen, Full Bath Living Room And Shared Laundry,Tenant Parking. This Home Has Been Freshly Painted And Some Up Grades Have Been Done. This Family Home Is Perfect If You Are Looking To Rent For Extra Income To Help With The Mortgage Or For Extended Family Or As A Great Investment. Close To Schools, Bus, Hospital, Parks, Water Park, Trails, Swimming, Sports Stadium, Hockey Rinks Shopping And Just Minutes To The Highway. The List Goes On And On. There Are No Power Costs Available. Being Sold As Is, Where Is. This Is One You Wont Want To Miss Out On! Call For Your Private Viewing. (Id:23934)
CALL1.877.896.6727
Property Price
$488,800
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,440
Mortgage Insurance ($)
$18,574
Mortgage Required ($)
$482,934
Best Mortgage Rate (%)
4.59%
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
$25,940
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$25,940
Monthly Payment
$2,697
2Bedroom Up 1 Bedroom Down, 3Pc Bath Up 3 Piece Down Finished Home Up And Down, Gleaming Hardwood Floors Finished Yard . Newer Kitchen Installed ,Basement Recently Finished. . Set Up For Wood Stove In Basement If Wanted. View Of The Ocean, All Window Dressings To Remain. Some Appliances To Remain. Detached Garage With Cement Floor And Its Own Power. Power Door . Home Is Ready To Move Into And Is Very Clean Security System Can Be Taken Over By New Owner If It Is Needed. The Age Of Home On Paper Is An Estimate (Id:23934)
CALL1.877.896.6727
Property Price
$231,500
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$11,575
Mortgage Insurance ($)
$8,797
Mortgage Required ($)
$228,722
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,548
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,548
Monthly Payment
$1,277
Built To Old-School Standards This First-Time-To-Market Property Has Been In The Same Family Since 1805 And Has Huge Potential For The Smart Investor. With An Over 19,000 Square / Ft Corner Lot, The Opportunity To Subdivide And Develop A Multi-Unit Or Single-Family Home Are Only Limited By Your Imagination. The Existing Home Is Built Solidly With True 2X10 And 2X4 Construction Materials That Have Stood The Test Of Time And For Years To Come. Inside The Home Offers Oil Fired Forced Hot Air Furnace, Backup Wood Insert Stove With Blower, Ample Size Living Room, Kitchen And Dining Room. The Basement Has A 3 / 4 Walkout Door, Upgraded Electrical Panel And Lots Of Storage Space And Laundry Area. Upstairs Has 3 Good-Sized Bedrooms With Ample Closet Space. Upgrades Include Windows, Doors, Electrical, Oil Tank And Plumbing. Call Today.Exit Tomorrow! (Id:23934)
CALL1.877.896.6727
Property Price
$399,500
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,975
Mortgage Insurance ($)
$15,181
Mortgage Required ($)
$394,706
Best Mortgage Rate (%)
4.59%
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
$21,475
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$21,475
Monthly Payment
$2,204
Beautifully Appointed Custom Built Home Nestled In The Serene, Private, And Sought-After Glen Arbour Community. Fantastic Curb Appeal For This Truly Impressive Home, With A Tree-Lined Driveway, Lush Landscaping And A Large Covered Front Porch To Enjoy The Peaceful Sounds Of Nature & Evening Sunsets.Youll Also Notice The New Roof (20) & Stylish Cape Cod Siding Which Was Just Freshly Protected (22) With Bm Arborcoat.The Foyer Welcomes You With Soaring Ceilings, Fresh Paint Throughout ('22), New Thermopane Windows (22)Providing Loads Of Natural Light, & A Well Designed Layout That Is Ready For A New Family To Call Home!Bright Living Room & A Formal Dining Room Complimented With Hardwood Flooring, Crown Molding, New Light Fixtures, & Upgraded Trimwork.The Well-Planned Layout Continues Into The Bright And Spacious Kitchen, Which Features New Quartz Countertops, Light Fixtures, Undermounted Sink And Faucet, Trendy Subway Tile Backsplash (All '22) & A Builtin Wine Rack.The Kitchen Also Features A Dining Nook With More Views Of The Backyard Space Through The Lovely Bay Window.The Sunken Familyrm Offers More Hardwood Flooring, A Cozy Propane Fireplace & Access To The Backyard Through French Patio Doors.Gorgeous Hardwood Staircase Leads Upstairs To Three Good-Sized Bedrms, Each With Great Closet Space, Including The Enviable Primary Bedrm With Walk-In Closet & A Relaxing Ensuite Bath.Main Bathrm Has Also Been Completely Renovated (22) With Contemporary Finishes.Upper Level Also Offers A Versatile Bonus Room Which Could Be Used As A Guest Bedrm, Office Space, Additional Family Room-You Decide!Downstairs You'll Find A Generous Recreation Room, An Exercise Room With Access To The Backyard, Powder Room, & Additional Storage Space.Private Backyard Retreat Features Mature Trees, Lush Gardens, A Roomy Deck Ready For Backyard Bbqs, Newly Stamped Concrete Patio, & Cozy Fire Pit To Enjoy.Get Your Golf Swing Ready & Contact Us Today To See All This Beautiful Home & Community Has (Id:23934)
CALL1.877.896.6727
Property Price
$839,000
Minimum Down Payment (%)
7.02%
Minimum Down Payment ($)
$58,900
Mortgage Insurance ($)
$31,204
Mortgage Required ($)
$811,304
Best Mortgage Rate (%)
4.59%
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
$60,400
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$60,400
Monthly Payment
$4,531
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.