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

Beautiful Bungalow In Sought After Mayfiled Park, Freshly Painted, Spacious Kitchen Walkout To Sunroom, Skylights. Professionally Finished Basement With Bedroom / 3Pc Bath. Wheelchair Accessible Through Garage.**** Extras **** Appliances, Electrical Light Fixtures, Window Coverings, Light Fixtures In Eat-In-Kitchen Above Dinette Excluded. (Id:23934)
CALL1.877.896.6727
Property Price
$899,900
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,990
Mortgage Insurance ($)
$33,396
Mortgage Required ($)
$868,306
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$14,473
Mortgage Insurance PST
$2,672
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,635
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,635
Monthly Payment
$3,410
Welcome To A Bright, Spacious Open Concept Corner Unit! Largest 1+1 Unit In Building, Cardin Model With 728Sq / Ft. Nestled In Heart Of Downtown Brampton! Steps To Go Train / Bus Station & Walk To The Best Of Downtown Brampton, Enjoy Farmers Mrkt, Concerts, Rib-Fest, Festivals, Restaurants, Entertainment, Garden Square, Gage Park! Perfect Unit For Young Couples! Sun-Filled Unit With Floor-To-Ceiling Windows! Enjoy Beautiful Panoramic Views On Your Private Balcony!**** Extras **** Stainless Steel Fridge, Stove, Microwave & Dishwasher! Clothes Washer / Dryer! All Window Coverings, And All Elf's! Modern Granite Counter Tops. Ceramic Tile Backsplash (Id:23934)
CALL1.877.896.6727
Property Price
$489,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,495
Mortgage Insurance ($)
$18,616
Mortgage Required ($)
$484,021
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$6,273
Mortgage Insurance PST
$1,489
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$33,757
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$29,757
Monthly Payment
$1,901
Move-In Ready Fully Renovated Gorgeous Perfect House Will Stun You With Its Modern And Dazzling Interior Finishes. Finished One Bedroom Basement With Separate / Entrance & Ready To Put Drywall To Make 2 Beds Apartment Rental Potential $1500 Per Month, Upgraded Bathrooms, Upgraded Kitchen, With Quartz Countertop, Backsplash, And Upgraded Floor Tiles, Brand New Stainless Steel Fridge, Stove, Washer & Dryer (2020), Huge Backyard With Large Deck. ** This Is A Linked Property.** **** Extras **** Brand New (2020) Stainless Steel Fridge, Stove And Dishwasher, Brand New (2020) Washer And Dryer, Electrical Lighting Fixtures & Window Coverings, Smart Thermostat, Lennox Central Air Conditioner. Hot Water Tank Is Rental. (Id:23934)
CALL1.877.896.6727
Property Price
$799,900
Minimum Down Payment (%)
6.87%
Minimum Down Payment ($)
$54,990
Mortgage Insurance ($)
$29,796
Mortgage Required ($)
$774,706
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,473
Mortgage Insurance PST
$2,384
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,347
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,347
Monthly Payment
$3,043
Beautiful Detached 5 Bedroom Plus Den House In The Most Demanding Location Of Castlemore. Renovated From Top To Bottom. **Legal Basement Finish Withi Bedroom+1 Kitchen And 2 Washrooms**.Separate Entrance To Basement, Hardwood On All Floors , Pot Lights, Crown Molding, Iron Pickets, Granite Counters, 2 Oak Stairs To Basement. Stemp Concrete Driveway. Pot Lights And Wet Bar In Basement.$$$ $ Spent On Upgrades. 9 Ft Ceiling On Main Floor. And Alost 1400 Square Ft Basement.**** Extras **** Upgraded Kitchen, Granite Counters. Stainless Steel Fridge, Stove And Dish Washer, Washer/ Dryer. 2 Garage Door Openers, Central Air Conditioner, Elf's. Window Covering. Central Vacuum. Water Softener And Kitchen Appliances In Basement Are Not Included. (Id:23934)
CALL1.877.896.6727
Property Price
$1,899,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$379,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,519,200
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$34,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$415,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$411,755
Monthly Payment
$5,967
Absolutely Gorgeous- Super Clean- Stunning, The Condominum Unit Features 2 Living Room ,Dining Room, Solarium, 2 Full Washrooms. Master Bedroom Features Closet, Window And 4 Pieces Ensuite, Both Bedrooms R Good Size, Family Size Kitchen Withn Breakfast Bar,Back Splash And Upgraded Cabinets, No Carpet In The House, Storage And Ensuite Laundry. The Total Area Of Unit Is 1272 Square Feet, All Utilities R Included In The Maintance Fee**** Extras **** All Electrical Lighting Fixtures, Blinds And Curtains, Stainless Steel Fridge, Stainless Steel Stove, Stainless Steel Built-In Dish Washer, Stainless Steel Hood Fan, Washer And Dryer (Id:23934)
CALL1.877.896.6727
Property Price
$579,900
Minimum Down Payment (%)
5.69%
Minimum Down Payment ($)
$32,990
Mortgage Insurance ($)
$21,876
Mortgage Required ($)
$568,786
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,073
Mortgage Insurance PST
$1,750
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$44,313
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$40,313
Monthly Payment
$2,234

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.