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

Attention First Time Home Buyers: Dont Miss This Affordable Detached 3 Bedrooms 2 Washrooms Renovated Kitchen, Washroom, & Floors. Mins To Hwy 410, Bramalea City Centre, Brampton Transit, Schools, Library, Park & More. Walkout From Living/ Dining Room Combined With Wide Private Driveway Park 3 Cars, Ready To Move In**** Extras **** Stove, Fridge, Washer, & Dryer, Portable Ac, Electric Fireplace, Extra Fridge In Basement. All Light Fixtures, All Window Coverings. (Id:23934)
CALL1.877.896.6727
Property Price
$550,000
Minimum Down Payment (%)
5.45%
Minimum Down Payment ($)
$30,000
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$7,475
Mortgage Insurance PST
$1,664
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$40,639
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$36,639
Monthly Payment
$2,420
Look No Further! Detached Bungalow With Double Car Garage Located In The Highly Desirable Location Of Downtown Brampton. 3+3 Beds!! Fully Updated Home With 3 Bedrooms + 1.5 Baths On The Main & 3 Bedroom Basement Apartment With Separate Entrance Below. New Flooring, New Kitchen With Quartz Counter Tops, Porcelain Tiles & Stainless Steel Appliances! Home Is Situated On A 85 Ft Frontage Lot!! A Finished Basement For Extra Income! Excellent Property For A Family Or Investor**** Extras **** Include: 2 Fridges, 2 Stoves, Washer, Dryer, All Existing Light Fixtures. A Finished 3 Bed Basement Apartment! Updated Kitchen, Baths & Flooring. A Must See Property In A Prime Location. Huge Potential For Future Development In The Surrounding Areas! (Id:23934)
CALL1.877.896.6727
Property Price
$649,900
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$39,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,473
Mortgage Insurance PST
$1,952
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,915
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,915
Monthly Payment
$2,838
This Gorgeous 4 Bedroom Mattamy Built Home, Stunning Gourmet Kitchen With Undermount Lighting,Centre Island With Winerack,Huge Walk-In Pantry,Garage Door Entry,Ceramic Sink Overlooking Yard,Very Cozy,Country Kitchen. Crown Moulding & Hrdwd On Entire Main Flr,Oak Staircase & Pot Lights Galore! Cozy Family Room With Gas Fp,Family Sized Breakfast Area With Extra Wide Door With Walk-Out To 2 Tiered Custom Deck.**** Extras **** Fridge,Stove,Dishwasher,Washer,Dryer. (Id:23934)
CALL1.877.896.6727
Property Price
$1,099,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$219,800
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 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
$3,934
2006 Built Semi With 4 Bedrooms. Has Separate Entrance To The Basement. Quiet Street. No Houses At The Back, Hardwood Throughout The Main Floor. Laminate Floors In The Bedrooms.Pot Lights On The Main Floor. Has Separate Living And Family Room.**** Extras **** Stainless Steel Appliances. Fridge, Stove, Dishwasher, Washer And Dryer All Included In Purchase Price. Separate Entrance. Pot Lights. (Id:23934)
CALL1.877.896.6727
Property Price
$699,800
Minimum Down Payment (%)
6.43%
Minimum Down Payment ($)
$44,980
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,471
Mortgage Insurance PST
$2,095
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$59,046
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$55,046
Monthly Payment
$3,047
Absolutely Stunning, 4+2 Bedroom With Grand Foyer, D / D Entrance, 9' Smooth Ceiling On Main Floor, Circular Oak Staircase. Stamped Driveway, Side & Backyard Patio! 3 Full Baths Upstairs! Master Has His / Her With In Closet. Hardwood On Main & 2Nd Floor. Close To Amenities, Shopping, Schools, Transit & Hospital. No Carpet. Newly Reno Kitchen With Center Island, Tall Cabinets, B / B, Quartz C / Top. Separate / E From Builder, New Fur. & Ac(2019). No Side Walk. Garage Door Entry**** Extras **** All Elf's, California Shutters, 2 Fridge, 2 Stove, Built-In Dishwasher, 2 Washer / Dryer. Newly Renovated Kitchen With Newer Appliances And New Porcelain Tiles In Kitchen And Foyer. Separate Laundry In Basement. Nice Tenant Willing To Stay / Vacant. (Id:23934)
CALL1.877.896.6727
Property Price
$984,500
Minimum Down Payment (%)
7.46%
Minimum Down Payment ($)
$73,450
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,165
Mortgage Insurance PST
$2,915
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$94,030
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$90,030
Monthly Payment
$4,240

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.