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

Very Cute Affordable Home In Lower Sackville Near Schools And Amenities. This Is A Great Family Neighborhood And Very Convenient Location. Lots Of Light On The Main Floor With Lots Of Updates. Pull Your Vehicles Into The Paved Drive Or Let The Kids Play Ball Hockey There And Enjoy The Lovely Large Back Yard With Green House. Two Bedrooms Down, Laundry And Storage. Whether A Starter Or Retirement Home This Will Make A Great Investment. (Id:23934)
CALL1.877.896.6727
Property Price
$349,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,495
Mortgage Insurance ($)
$13,296
Mortgage Required ($)
$345,701
Best Mortgage Rate (%)
4.84%
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
$1,979
Charming 3 Bed, 2 Bath Bungalow Nestled In The Heart Of Kentville! The Main Floor Features A Lovely, Renovated Kitchen Perfect For Preparing Delicious Meals As Well As A Luxurious 4 Piece Bath / Laundry Area, Complete With An Air Jet Soaker Tub For Ultimate Relaxation. A Separate Dining Room And A Large, Bright Living Room Offer The Ideal Space For Entertaining Family And Friends. Three Spacious Bedrooms Complete The Main Floor. The Lower Level Is Partially Finished With An Office (Could Be Modified As A 4Th Bedroom If Desired) And A 3 Piece Bath As Well As Offering Ample Storage Space. Energy Efficient Ductless Heat Pumps Provide Comfortable Heating And Cooling. Backyard Is Fantastic Featuring A Large Deck And Plenty Of Room For Children And Pets To Play. Property Is Situated Within A Short Distance To Town Amenities And The Perfect Blend Between Convenience And Tranquility. Call Today For More Information And To Book A Private Showing! (Id:23934)
CALL1.877.896.6727
Property Price
$329,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,495
Mortgage Insurance ($)
$12,536
Mortgage Required ($)
$325,941
Best Mortgage Rate (%)
4.84%
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
$17,995
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$17,995
Monthly Payment
$1,866
This Could Be Your Family Home With All Seasons Of Fun! Above Ground Pool For Those Family Functions, Evening Relaxing In The Hot Tub On The Beautiful Evenings All Season. Fenced Yard For Your Family And Pets. Walk In To A Cozy Living Room, Large Eat In Kitchen, Dining Area Which Is Now An Entertaining Room, 1 / 2 Bath And Laundry, Walk Out To Your Private Deck. Upper Level Features 3 Large Bedrooms, Full Bath, Primary With Ensuite And Walk In Closet. Basement Features Cozy Recreation Room, Office, 3 Piece Bath, Storage Room, Walk Out Basement To Your Large Yard. Home Features A Couple Ductless Heat Pumps, Hardwood Floors, And The List Goes On. Call Today For Your Private Viewing! (Id:23934)
CALL1.877.896.6727
Property Price
$499,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,995
Mortgage Insurance ($)
$18,996
Mortgage Required ($)
$493,901
Best Mortgage Rate (%)
4.84%
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
$2,828
Welcome To This Stunning Lakefront Property Boasting 183 Feet Of Shoreline On Mccabe Lake. This Exquisite Executive Bungalow Offers Over 3,900 Square / Ft Of Meticulously Upgraded Living Space, Including 4 Bedrooms And 4 Baths. Every Rear-Facing Room Presents Breathtaking Lake Views, Complemented By A Newly Remodeled Kitchen With Granite Countertops, New Flooring Throughout, And Custom Shower. The Home Is Equipped With A New Propane Boiler, In-Floor Heating, Ductless Heat Pumps, A New Gym Room, And A Children's Playroom, Ensuring Comfort And Convenience. Step Outside To Find Professionally Designed Landscaping, A Newly Constructed Driveway Leading To The Water's Edge, A Private Dock Perfect For Canoeing And Boating, And A Safe Swimming Area. The New Walkway And Fire Pit With A Seating Area Provide An Ideal Setting To Enjoy The Serene And Picturesque Views. Perfect For Gatherings And Trips, This Property Offers Unparalleled Privacy, Peace, And Tranquility Within A Small Resort-Like Atmosphere. Enjoy The Perfect Blend Of Luxury And Natural Beauty In This Exceptional Lakefront Home. (Id:23934)
CALL1.877.896.6727
Property Price
$1,688,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$337,600
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,350,400
Best Mortgage Rate (%)
4.84%
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
$339,100
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$339,100
Monthly Payment
$7,731
Very Well Maintained Woodlawn Bungalow Located On A Wonderful Lot Within Easy Waking Distance To Great Schools & Amenities! This Well Loved Home Has Had All The Important Updates Completed Over The Last Several Years- Roof Shingles, Vinyl Windows, Furnace & Hot Water Heater, Oil Tank, Vinyl Siding, 2 Level Deck, Chimney, Electrical Panel & More! Main Areas Are Freshly Painted & The Absolutely Gorgeous Hardwood Floors Throughout The Main Level Have Just Been Professionally Re-Finished! Features 3 Bdrms, 2 Baths, Fireplace, Fully Finished Basement With Great Laminate Flooring & Huge Family Room Area, Plenty Of Storage, Fabulous 2 Level Deck & Partially Fenced Spacious Back Yard With Beautiful Mature Trees! The Large Shed Has Been A Great Workshop Where The Original Owner Spent Many Loving Hours Creating & "Puttering"! This Is The Perfect Lovingly Cared For Home, Ready To Add Your Personal Touches As You Make It Your Own! Fabulous Family- Friendly Neighbourhood Close To Any Amenity You Could Need...Welcome Home!!! (Id:23934)
CALL1.877.896.6727
Property Price
$499,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,995
Mortgage Insurance ($)
$18,996
Mortgage Required ($)
$493,901
Best Mortgage Rate (%)
4.84%
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
$2,828

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.