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

This Renovated And Carpet-Free 1926 Built Home Lets You Sit Back An Relax On A 53X120 Ft Lot In The Heart Of Downtown Brampton. The Grandeur Of High Ceilings Accent The An Open Concept Kitchen, Dining & Living Rooms For The Whole Family To Enjoy And Cater To Your Family Needs. A Sunroom Lets You Enjoy The Weather During Three Seasons. A Private Fully Fenced Backyard Oasis Offer A Pool And Entertaining Areas. 6 Car Parking Adds Convenience.**** Extras **** Worry-Free Maintenance Of Shingles, Forced Air Gas Furnace, Windows, Central Air Conditioner, Kitchen And Bathroom. This Corner Lot Has A Fantastic Walk Score Being Close To Public Transit, Shops, Restaurants, Taverns, Schools, Etc. (Id:23934)
CALL1.877.896.6727
Property Price
$674,000
Minimum Down Payment (%)
6.29%
Minimum Down Payment ($)
$42,400
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,955
Mortgage Insurance PST
$2,021
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$55,876
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$51,876
Monthly Payment
$2,842
This Renovated And Carpet-Free 1926 Built Home Lets You Sit Back An Relax On A Private 53 Ft X 120 Ft Lot In The Heart Of Downtown Brampton. The Grandeur Of High Ceilings Accent The Open Concept Kitchen, Dining & Living Rooms Offering Room For The Whole Family To Enjoy. 3+1 Bedrooms And 2 Bathrooms Cater To Your Family Needs. A Sunroom Lets You Enjoy The Weather For Three Seasons. The Fully Fenced Backyard Is An Entertainers Paradise. Family And Guests Can Park With Ease With Room For 6 Car Parking. All The Major Expenses Are Covered To Provide Worry-Free Maintenance Of Shingles, Forced Air Gas Furnace, Windows, Central Air Conditioning, Kitchen And Bathroom. This Corner Lot Has A Fantastic Walk Score Being Close To Public Transit, Shops, Restaurants, Taverns, Schools And Parks. (Id:23934)
CALL1.877.896.6727
Property Price
$674,000
Minimum Down Payment (%)
6.29%
Minimum Down Payment ($)
$42,400
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,955
Mortgage Insurance PST
$2,021
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$55,876
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$51,876
Monthly Payment
$2,842
Immaculate, Corner Lot, Detached 4 + 2 Bedroom House With Finished Basement And Separate Entrance. Front Enclosure With Decorative Door. Main Floor, Living, Dinning And Separate Family Room With High Quality. Through Out Laminate Flooring High Eff. Furnace, Very Well Kept. Two Bedroom Finished Basement With Separate Entrance, Very Bright, Spacious Luxury Home, Located In Desired Area Of Brampton. Must See !!!**** Extras **** 2 Fridge, 2 Stove, Washer, Dryer, Central Air Conditioning, Central Vacuum, All Window Covering, All Elf's, Min To Sheridan College, Steels And Mavis Area. (Id:23934)
CALL1.877.896.6727
Property Price
$810,000
Minimum Down Payment (%)
6.91%
Minimum Down Payment ($)
$56,000
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$12,675
Mortgage Insurance PST
$2,413
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$72,588
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$68,588
Monthly Payment
$3,393
Brand New 4 Bedrms Detached House Approx 2800 Square Feet In Most Demanding Area Of Brampton .Open To Above Entrance With 8 Ft Double-Door Entry, 9 Ft Ceiling On Both Floors And 9Ft On Basement, Separate Living, Dining And Family Room With Fireplace And Pot Lights, Hardwood Floor, Upgraded Kitchen, Procelien Tiles. Oak Stairs,Good Sized Bedrooms With Washrooms, 10 Ft Ceiling In Master Bedroom,Glass Shower, Double Sink, No Sidewalk Upto4 Car Parking On Driveway**** Extras **** Humidity Fire, Air Conditioner, Hrv, Elf's, Including Electrical Fixtures, Lights. Close To All Major Amenities:Library, Park, Public Transit, Ravine, Recreation Center, School. Very Demanding Area. (Id:23934)
CALL1.877.896.6727
Property Price
$1,099,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$219,800
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$18,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$239,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$235,755
Monthly Payment
$3,804
Lovely Showpiece Model Beauty. Approx. 4358 S.Q. Ft. Regal Crest Home "" Norther B"" 5 Bedroom Model On A Quiet Cul De Sac With Walk Out Basement, Deep Lot And Backing Onto Open Space / Ravine .Over 235,000 In Upgrades Featured From The Moment You Walk In .. Move In Anytime And Be Ready To Enjoy This Masterpiece . Upgrades Include Limestone And Porcelain Flooring, Upgrade Kitchen Cabinets And Features, 24 X 24 Tiles, French Doors, Waffle /Coffered. Move In....**** Extras **** Full Tarion Coverage Rooms Continued: Pantry / Servery , Mudroom / Laundry. All Existing Upgraded Fixtures. Furnace High Efficiency , Hot Water Tank Rental, Rough In 3Pc In Baseement And Rough-In Built In Appl. In Kitchen. This Is A Beauty For Your Eyes Only ! (Id:23934)
CALL1.877.896.6727
Property Price
$1,758,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$351,780
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$31,653
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$384,933
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$380,933
Monthly Payment
$6,088

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.