Brampton 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
+
$1,520
$1,116
$952
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
$6,475
$6,475
$6,475
$6,475
Total Cash Needed
=
$34,495
$59,091
$83,927
$107,975
First time home buyers in Brampton are eligible for a Land Transfer Tax rebate of up to $4,000

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

Brampton Mortgage Examples

Great Family Home,Fully Renovated From Top To Bottom,4Bd Room Semi-Detach In One Of Brampton's Most Desirable Areas.This House Boasts Modern Upgrades Thru-Out.Dark Laminate Flooring.Kitchen Offers Porcelain Tiles, Stainless Steel Appliances,Quartz Counter Top Under-Mount Sink, & Bold Back Splash. Separate Side Entrance To The House.Pot Lights In Living / Dining Room. Living Room Has Bay Window.Finished Basement.Newly Renovated Bathrooms.No Carpet In The House**** Extras **** Stainless Steel Fridge, Stove, Dishwasher, Cloth Washer, Cloth Dryer, All Electric Fixture , Newly Renovated Basement 2019 New Roof In 2018,New Main Door 2018,New Windows 2017,New Furnace 2019 , All Curtains Are Excluded But Blinds Are Included (Id:23934)
CALL1.877.896.6727
Property Price
$685,000
Minimum Down Payment (%)
6.35%
Minimum Down Payment ($)
$43,500
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,175
Mortgage Insurance PST
$2,053
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$57,228
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$53,228
Monthly Payment
$2,985
4300 Square Ft Aprx... Come & Check Out This East Facing Stunning Detached 5 Bedrooms, 5 Washrooms (4 Full Washrooms On The Second Floor) 10' Ceilings On Main Floor, 9' On Second Floor. Rich Stone / Brick / Stucco Exterior.. Porcelain Tiles. Custom Kitchen With Extra Cabinetry & Large Island With Modern Back Splash & Quartz Counter Top. Hardwood Floor Through Out The Whole House. All Washrooms With Quartz Counter Top. Smooth Ceiling. No Sidewalk. Look Out Basement..**** Extras **** Stainless Steel Top Of The Line Appliances. Custom Blinds. Smooth Ceiling Through Out... No Carpet In Entire House.. Master Bedroom With Coffered Ceiling. Upgraded Master Ensuite With Huge Walk In Closet.. 2 Separate Laundries Main & Second Floor. (Id:23934)
CALL1.877.896.6727
Property Price
$1,499,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$299,980
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$26,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$327,953
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$323,953
Monthly Payment
$5,369
Beautiful Detached House On Premium Corner Lot With A Lot Of Upgrades. 9 Feet Ceiling On Main Floor. New Harwood Floors On Mail And Upper Levels ,New Stairs And Railing .Great Floor Plan Throughout. Close To Hwy 410, Public And Catholic School, Public Transit & Shopping Centre.Huge Custom Made Garden Shed In The Backyard. One Bedroom Professionally Finished Basement With Side Entrance Through Builder .**** Extras **** 2 Fridges, 2 Stoves, Washer And Dryer, Built-In Dishwasher, Light Fixtures, New Hardwood On Main And Upstairs. Custom Paint, Garage Door Opener With Remote.Concrete All Around The House And Almost All The Backyard. (Id:23934)
CALL1.877.896.6727
Property Price
$979,000
Minimum Down Payment (%)
7.45%
Minimum Down Payment ($)
$72,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,055
Mortgage Insurance PST
$2,900
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$93,355
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$89,355
Monthly Payment
$4,217
Attention Investors! Great Opportunity! Large Duplex Located In The Downtown Core Area Of Brampton. Make This A Fantastic Investment Property With Tons Of Potential For The Right Buyer. Surrounded By Income-Generating Properties And Steps Away To Go Station, Four Corners And Downtown Shops.**** Extras **** Home Being Sold ""As Is"" Condition. Existing Appliances, Elf's And Window Coverings ""As Is"" Condition. ### Heritage Designation ### (Id:23934)
CALL1.877.896.6727
Property Price
$674,900
Minimum Down Payment (%)
6.30%
Minimum Down Payment ($)
$42,490
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,973
Mortgage Insurance PST
$2,024
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$55,987
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$51,987
Monthly Payment
$2,943
Attention Investors! Great Opportunity! Large Duplex Located On A Huge Lot In The Downtown Core Area Of Brampton. Make This A Fantastic Investment Property With Tons Of Potential For The Right Buyer. Surrounded By Income-Generating Properties And Steps Away To Go Station, Four Corners And Downtown Shops.**** Extras **** Home Being Sold ""As Is"" Condition. Existing Appliances, Elf's And Window Coverings ""As Is"" Condition. ### Heritage Designation ### (Id:23934)
CALL1.877.896.6727
Property Price
$679,900
Minimum Down Payment (%)
6.32%
Minimum Down Payment ($)
$42,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,073
Mortgage Insurance PST
$2,038
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$56,601
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$52,601
Monthly Payment
$2,964

Mortgages In Brampton

Brampton is a fantastic city that is overflowing with parks, golf courses & clubs, great educational options, fantastic transportation routes, and energy-efficient developments. The real estate market in this city is a wonderful fusion of new developments & mature residences, containing everything, such as older detached & semi-detached houses, single family homes, condominiums, townhomes and everything in-between to equal any home buyers' set budget. A Brampton mortgage calculator can help you 'crunch the numbers' to see just how much a property & home would cost each month with interest (after paying out all of the costs involved in a realty purchase transaction). A mortgage calculator is a valuable resource, as it can be used over and over with different dollar amounts entered, to see where your 'fit' is financially. Buying a home is a big step (and most likely the biggest debt you will undertake), but there is nothing better then home ownership and making your money work harder for you and your future! There may be some research to do if you are a first time home buyer, such as learning about the varying kinds of mortgage products available, which products you would qualify for financially, and what kinds of lenders are out there that are not affiliated with major banking institutions.
To better understand what parameters are in place with lenders, you would have already discovered by using a mortgage calculator that the purchase price of the home, the interest rate, and the entire term of the loan will produce a monthly payment dollar amount. There are mortgage loan payment options like bi-weekly/semi-monthly payments and monthly payments. Depending on what kind of mortgage product works best for you and your finances, a lender may suggest an open mortgage, which is designed with the option to pay off the mortgage loan sooner or a closed mortgage, which does not permit any changes or alterations to the loan agreement through the life of the mortgage loan. You may be familiar with the terms 'fixed rate mortgage' or 'variable/adjustable rate mortgage', which both work based on the interest rate (a fixed rate locks in an interest rate for an agreed-upon term, and a variable rate places your interest rate at the mercy of the market (which can fluctuate unexpectedly)). Many home buyers prefer a fixed rate mortgage for the sole reason that they want to know exactly what their mortgage loan payment will be each month without any changes. If you have your eye on a specific piece of Brampton real estate, then it is time to move forward.
Is buying a new home in Brampton a huge decision? The answer is yes, for the actual decision is a big one, but when you become more familiar with the pre-qualifying process and what a lender will expect from you before stamping the application with a big 'approved' sign, the decision will seem more realistic. If you have been a renter, then you know it hurts you financially to hand over a large sum of money each month and watch it dissolve into nothing, your money is not working hard for you at all. When you lay that large sum of money onto a mortgage loan payment each month as a home owner, you are not only making your money work for YOU, but you are also building up equity in the home. The equity is like a quiet side investment and in time, as that grows, you will have the option to borrow money against it if you need a loan in the future. Growing equity and paying off a home over time is a smart maneuver financially, and it will give you a leg up in the future financially... and it all begins with a simple mortgage calculator and your desire to become a home owner.