Caledon 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 Caledon 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

Caledon Mortgage Calculator Examples

Wow!! Detached House In Sought After Bolton South Hill. $$$ Spent In Reno / Upgrads, Galley Kitchen With Pantry, Quartz Counter Top, Backsplash, Stainless Steel Appliances, Freshly Painted With Designer Colours, Gas Fireplace, Open Concept Practical Layout, Pot Lights, & Oak Hrwd Flrs Thuout, Oak Circ Staircase With Wrought Iron Pickets, 7"" Crown Mouldings, 7"" Baseboards, Heated Flrs, Powder Room, Huge Master Bedroom With 5Pc Ensuite Heated Flrs, Custom Deck, Newer Roof, All Window Calking**** Extras **** All Existing, Stainless Steel Gas Stove, Stainless Steel Fridge, Stainless Steel Built In Dishwasher, Stainless Steel Built In Microwave, Stainless Steel Range Hood, Front Load Washer / Dryer, All Upgraded Light Fixture Central Vac, Garage Door Opener, Close Proximity To All Shops, Schools & Parks. (Id:23934)
CALL1.877.896.6727
Property Price
$999,000
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,900
Mortgage Insurance ($)
$36,964
Mortgage Required ($)
$961,064
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$16,455
Mortgage Insurance PST
$2,957
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,812
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,812
Monthly Payment
$3,775
Outstanding Opportunity In Bolton West Community! Exquisitely Appointed On A Tree-Line Street! Welcoming Foyer With Crown Moulding, Double Closet & 2 Pce Powder Room. Living / Dining Rms With Gas Fireplace, Pot Lights & Crown Moulding! Large Kitchen - Granite Counters, Tumbled Marble Backsplash & Adjoining Bfast Area With Walk-Out To Garden!, Huge Master Retreat With 4 Pce Ensuite, Soaker Tub & Walk-In Closet. Finished Lower Level-Recreation Room / Office / 3 Pce Bath. 2169 Square Feet! Welcome Home!**** Extras **** Frdg(16), Gas Stve, Built-In Dishwasher(16), Washer & Gas Dry, Electrical Lighting Fixtures, Wdw Dressngs, Garage Door Opener& Remote, Gas Barbeque Hook Up, Alarm, Central Vacuum, Hot Water Tank (Rental) Central Air Conditioning(20), Roof Reshingled(16), Access To Garage, Custom Built Patio Awning. Excluded.Foyer Mirror, Freezer, Bar Frdg & Barbeque (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
Absolutely Gorgeous 1750 Square Feet With 3 Bedrooms Beautiful Freehold Townhouse In Caledon Built By Primont. Brand-New House Never Lived With Separate Entrance From Garage. Central Vacuum. Unfinished Basement With Rough In For Extra Washroom. Close To All Amenities, Extra Clean. No Side Walk, Allows Two Parking On The Drive-Way, Total 3 Parking.**** Extras **** Brand New Fridge, Stove, Dishwasher, Washer And Dryer. (Id:23934)
CALL1.877.896.6727
Property Price
$799,000
Minimum Down Payment (%)
6.87%
Minimum Down Payment ($)
$54,900
Mortgage Insurance ($)
$29,764
Mortgage Required ($)
$773,864
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,455
Mortgage Insurance PST
$2,381
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,236
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,236
Monthly Payment
$3,039
Beautiful Upgraded Bolton Semi Detached Home! Corner Lot With Gorgeous Sunrise Views From Many Windows With Custom Shutters & Tint! Gorgeous Open Concept Design! Family Sized Kitchen Overlooking Large Living & Dining Room! Main Floor Access To Garage & Powder Room! Large Master Suite With 4 Piece Ensuite! Finished Basement With Private Recreation Room! Private Backyard With Deck & Shed! Very Well Maintained And Updated! Great Location Is Close To All Amenities!**** Extras **** Elf; Ssteel: Stove,Fridge,Dishwasher,Mwave; With D; Gas Furnace; Cair; Central Vacuum; Granite Counters; Air Filter; Window Coverings & Shutters; Gas Fp; Garage Door Opener; Hot Water Tank(O); Roof Shingles(4Yrs); Iground Sprinklers; Alarm; Tinted Windows; 10X8 Shed; 100Amps (Id:23934)
CALL1.877.896.6727
Property Price
$699,900
Minimum Down Payment (%)
6.43%
Minimum Down Payment ($)
$44,990
Mortgage Insurance ($)
$26,196
Mortgage Required ($)
$681,106
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$10,473
Mortgage Insurance PST
$2,096
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$59,059
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$55,059
Monthly Payment
$2,675
**Beautiful House On Approximate 1 Acre Lot ** Great Location * North Of Mayfield Rd ** Very Well Kept House ** Lot Of Space In Beautifully Finished Basement **Thousands Spend On Upgrades&Updates ** Separate Living,Dining And Family Room ** Big Bedroom On Main Floor * Upgrade Light Fixtures * The Property Being Sold On ''As Is ''Basis From All Aspects ** Invisible Fence For Dogs Around The Property ** Disclosure-The Listing Agent Related To The Seller***** Extras **** All Existing Light Fixtures,All Existing Appliances,All Existing Window Covering ,Central Air Conditioning * Gazebo &Small Pond In Back Yard * Dog On The Property * Please Must Follow The Covid-19 Protocol, Max Three People Inside The House &Wear Mask During Showing* (Id:23934)
CALL1.877.896.6727
Property Price
$1,799,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$359,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,439,200
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$32,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$393,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$389,755
Monthly Payment
$5,652

Mortgages In Caledon

A richly green countryside and a quality lifestyle awaits home buyers that place Caledon as a priority position to hunt for real estate opportunities. Everything, including neighbouring houses, are fantastically spread out in this city. The realty options range from dimensionally generous farm houses to bungalows, multi-level homes, estate mansions & executive townhomes. Lush hillsides, explorable forests, and small rivers dot the landscape here and offer countless opportunities for outdoor activities for the whole family to enjoy. For home buyers that will be approaching a lender for a mortgage loan, they should investigate the key facts that are attached to mortgages first. The Caledon mortgage calculator will help you to get started on your own so you can derive how much a home will cost you per month, including interest. The basic mortgage calculator will surmise the loan amount, the interest rate, the number of years for the loan, and the start date (found on any banking or mortgage company website). Purchasing a new home via a mortgage is not the hard part; the difficulty associated with mortgage loans these days is QUALIFYING for the loan and getting approval before making an offer on a home, but this difficulty can be mitigated with the knowledge gained from one of these calculators.
Caledon is a fantastic place to hang your hat and live a more rural lifestyle, so knowing what lenders look for when working on a mortgage application will help you in the preparation process. Most lenders want to see that you have a good track record of steady employment & income (even self-employment), that you have paid off any debts like lines of credit/credit cards, that you have managed to save money with the intention of using it as a down payment, and to cover closing expenses on a home and that you can prove that you can financially handle a monthly payment that includes interest for a number of years. Lenders sum up your finances against the purchase expenses of a home in a similar fashion to using a mortgage calculator, it is just more in-depth. The appraised value of the home dictates how much the down payment should be and how much income you must generate to cover all associated costs during and after you assume ownership. The lender just wants reassurance that you will not pose a high risk to them if they loan you the funds, because if you are considered a high risk, a lender will make you pay for it by tacking on a higher interest rate to the loan.