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 Calculator Examples

Absolute Showstopper! Right Out Of A Magazine! 3 Bedroom Freehold Townhome With Dbl Car Garage, Hardwood Flrs Thruout, Energy-Efficient Pot Lights Throughout, California Shutters Throughout, New Kitchen / 18, Quartz Waterfall Backsplash & Countertop, Center Island, Pantry. Stone Wall For Electric Fireplace. 3 Great Size Bdrms, Master Ensuite, Walk-In Closet, Central Vac. Enjoy Summer Time Barbeque's On A Great Size Deck. Walk To Mount Pleasant Gotrain. This Home Won't Last! (Id:23934)
CALL1.877.896.6727
Property Price
$724,700
Minimum Down Payment (%)
6.55%
Minimum Down Payment ($)
$47,470
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,969
Mortgage Insurance PST
$2,167
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$62,106
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$58,106
Monthly Payment
$2,962
Welcome To The Lovely G-Section. *4 Bedroom, 4 Level Detached Side-Split With Great Curb Appeal. 1672 Square Ft (As Per Seller) Original Owners! Freshly Painted, Wood F / P In Living Room(2018). Walk-Out From Family Room To Backyard Patio With Awing. Great Area For Families! Conveniently Located. Access To Garage From Front Entrance Hallway. No Separate Entrance To Lower Recreation Room. Interlock Driveway**** Extras **** Close To Schools, Chinguacousy Park, Transit, Bramalea City Center, Easy Access To 407, 410. Close To Many Amenities. All Elf's, Hot Water Tank Is A New Rental. Garage Door Opener.D / With As Is"" Central Vacuum ""As Is"" Shed. *Please Follow Covid Protocols & Be Safe!* (Id:23934)
CALL1.877.896.6727
Property Price
$730,000
Minimum Down Payment (%)
6.58%
Minimum Down Payment ($)
$48,000
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,075
Mortgage Insurance PST
$2,182
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$62,757
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$58,757
Monthly Payment
$2,983
Stunning Renovated Home! 2170 Square Ft (As Per Mpac). Great Area, Located Within Minutes To All Needs! Gorgeous Porcelain & Hardwood Floors, Beautiful Modern Kitchen With Granite Counter; 9 Ft Ceilings On Main; Potlights; Gas Fireplace; 4 Spacious Bedrooms; Lovely Open Concept Finished Basement; Pattern Concrete Driveway & Walkway; Sunroom With Pizza Oven And Walk-Out To Beautiful Private Yard. A Must See!**** Extras **** Elf's;Window Coverings;Fridge & D / With On Main Floor;Stove & D / With In Basement;Washer & Dryer;Ring Doorbell & Security Camera;Nest Thermostat & Smoke Alarm;Central Vacuum;Garage Door Opener & 1 Remote;Central Air;Hot Water Tank;Heating Equipment;2 Garden Sheds. (Id:23934)
CALL1.877.896.6727
Property Price
$1,049,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$209,800
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$17,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$228,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$224,755
Monthly Payment
$3,529
Location! Location! Location! 5 Min Walk To Brampton Civic Hospital.Great For First Time Home Buyers... Your Search Ends Here Immaculate & Spotless, A Cozy Semi Detached Home In A Desirable Neighborhood Offering 4 Bedrooms + 3 Washrooms, Stained Staircase; Laminate On Main And 2Nd Floor; Upgraded Kitchen Cabinetry With Stainless Steel Appliances, No Carpet In House. Pot Lights On Main And 2Nd Floor. Great Size Lot.**** Extras **** All Electrical Fixtures, Window Coverings, Stove, Dishwasher, Fridge, Washer / Dryer, Central Air, Hot Water Tank Rental. (Id:23934)
CALL1.877.896.6727
Property Price
$749,000
Minimum Down Payment (%)
6.66%
Minimum Down Payment ($)
$49,900
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,455
Mortgage Insurance PST
$2,237
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$65,092
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$61,092
Monthly Payment
$3,058
Great Location, Very Spacious,4 Bedroom Detached Home In Fletcher West Area, Close To All Amenities,House Is Fully Rented For $4600 Month, A Great Investment On A Great High Demand Area Location, Needs Some Handyman's Work, Repairs, As Is Condition**** Extras **** 2 Fridge, 2 Stove, Washer & Dryer, Central Air & Equip, Furnace Is A Rental, & Hot Water Tank Is Rental, Offer To Be Reviewed On 4Th July Sat At 7 Pm, Pls Email Offers To Rajbirkakuwala@Yahoo.Co.In (Id:23934)
CALL1.877.896.6727
Property Price
$769,900
Minimum Down Payment (%)
6.75%
Minimum Down Payment ($)
$51,990
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,873
Mortgage Insurance PST
$2,297
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$67,660
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$63,660
Monthly Payment
$3,140

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.