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

Do The Two Step Here... See And Buy! Top Quality And Affordable Bunglow In An Outstanding Location At The End Of The Street On A Supersize Lot! It's Easy To See It Was Built Without Compromise And Has Been Well Maintained. Promises A Lot, Will Deliver More! Don't Delay, Call Today For Your Own Appointment To View! (Id:23934)
CALL1.877.896.6727
Property Price
$177,500
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,875
Mortgage Insurance ($)
$6,745
Mortgage Required ($)
$175,370
Best Mortgage Rate (%)
1.69%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,775
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$12,150
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$12,150
Monthly Payment
$717
Paddock Construction Is Pleased To Offer A Stylish, Contemporary Custom Built Modern Home, One Of Enfield's Finest Communities. Renfrew Ridge! This Beautiful Home Offers A Modern Open Concept Design With Fabulous Living Space & The Efficiency Offered By A Quality And Reputable Builder. The Covered Front Entry Features Beautiful Hardwood Stairs & Leads To A Great Open Concept Design Home With Over 1600 Square / Ft Of Living Space, Accented With Upgrade Trim Package, Generous Window Placement & Ductless Heat Pump. The Main Level Features Custom Built Kitchen With Walk In Corner Pantry, Centre Island & Single Garden Door To Back Deck. This Home Offers 3 Spacious Bedrooms, Master Bedroom With Walk In Closet & Immediate Access To Bath. Lower Level Features Spacious Recreation Room, 3Rd Bedroom, Access To Single Car Garage & Laundry Area! Measurements Taken From Plans Not Warranted. Commission Paid Pre Hst- Hst Rebate To Builder. (Id:23934)
CALL1.877.896.6727
Property Price
$346,700
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,335
Mortgage Insurance ($)
$13,175
Mortgage Required ($)
$342,540
Best Mortgage Rate (%)
1.69%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$18,835
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$18,835
Monthly Payment
$1,400
Welcome To 26 Bolton Drive In Sought After Fall River Village. This Charming Custom Built Home Went Through A Major Transformation And Addition About 9 Years Ago And Features Nearly 4000 Square Ft Of Living Space. The Property Boasts 4 Bedrooms, 3 Full Bathrooms And A Stunning Spa Room That Will Be Sure To Impress All Your Family And Friends. Features Of The Home Are Extensive And Include Chef's Dream Kitchen With Custom Cabinets, Stainless Steel Appliances, Granite Countertops And Open Shelving. The Great Room Is Outstanding With Tall Ceilings, Hand Scraped Engineered Hardwood Floors, Wood Burning Fireplace And Decorative Lighting. This Home Has The Ideal Layout With Two Large Bedrooms On The Main Floor With A Full Bath And Laundry. The Upper Level Is A Private Oasis With A Grand Master Bedroom Suite, Well Appointed Ensuite Bath And Walk-In Closet. The Lower Level Has A Walkout For Easy Access And A Large Recreation Room, Full Bath And 4Th Bedroom. The Home Is Located On A Cul-De-Sac And Across From Three Mile Lake Or As The Locals Call It - Keith's Lake! Other Features Include A Paved Driveway, Shed, Multiple Decks, Ductless Heat Pump And Municipal Water. (Id:23934)
CALL1.877.896.6727
Property Price
$650,000
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$40,000
Mortgage Insurance ($)
$24,400
Mortgage Required ($)
$634,400
Best Mortgage Rate (%)
1.69%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$41,500
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$41,500
Monthly Payment
$2,592
This Well-Planned 5 Bedroom 3 Bath, Freshly Painted Split-Level Home Is Located In The Highly Coveted Basinview Family Of Schools Area, And Mature Neighbourhood In Bedford. This Family Home Features Mature Landscaping, Attached Garage, Large Shed, And A Great Fenced In Backyard And Private Deck For Family Memory Making. The Interior Is Sure To Please, As Well, And Features Many Upgrades Including Two Ductless Heat Pumps To Help Keep Things Cozy In The Winter And Cooler In The Summer Months. This Home Has An Open Concept On The Main Floor, And A Very Welcoming And Bright Foyer Area. The Lower Level Features A Recreation Room With Liner For A Wood Burning Stove Installed And Ready For Your Stove And Full Patio Doors Leading To The Backyard. Also The Basement Is Home To Another Bedroom, Bathroom, And Office / Bedroom. Upgrades Include But Are Not Limited To New Roof (2019), Deck (2018), 12 X 16 Shed (2018), New Light Fixtures (Inside And Out), Newer Appliances, Crown Moulding On Main Level, And High End Finishes Such As Oil Rubbed Bronze Faucets And Fixtures - The List Goes On! This Home Is Close To Highway 102, And Everything Bedford Has To Offer. This Home Is A Must See! (Id:23934)
CALL1.877.896.6727
Property Price
$399,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,995
Mortgage Insurance ($)
$15,196
Mortgage Required ($)
$395,101
Best Mortgage Rate (%)
1.69%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$21,495
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$21,495
Monthly Payment
$1,615
This New Construction Home By Nexus Construction Is Just Minutes From The Armdale Rotary And Located In Beautiful Mcintosh Run Estates, Spryfield's Hottest New Community! Boasting A Fully Open Concept Living Space, You Will Love The Very Large Living Room Which Runs The Entire Width Of The House And A Spacious Dining Area. The Kitchen Offers Multiple Upgrades Such As Quartz Counter Tops, A Large Island And A Pantry. This Level Also Features A Half Bath With Quartz Counter Top, And Access To A Large Deck. Heading Up The Hardwood Staircase You Will Find The Master Bedroom With Walk-In Closet, And An Ensuite With Tiled Shower. Two Additional Bedrooms, A Full Bathroom And A Laundry Room Are Also Here. The Basement Is Fully Finished With Another Two Piece Bathroom, A Large Recreation Room, Storage And A Walk Out To Your Backyard. The Garage Is Also Accessed From This Level. Wide Plank Laminate Flooring Runs Through All Three Levels, And A Ductless Heat Pump Efficiently Heats And Cools. Located On A Quiet Street With Access To Walking Trails And Close To Public Transit. Home Includes A One Year Builder Warranty And Seven Year Atlantic Home Warranty. (Id:23934)
CALL1.877.896.6727
Property Price
$359,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,995
Mortgage Insurance ($)
$13,676
Mortgage Required ($)
$355,581
Best Mortgage Rate (%)
1.69%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$0
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$19,495
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$19,495
Monthly Payment
$1,453

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.