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

Absolutely Stunning! Completely Turn-Key Luxury Family Home In Desirable Bolton. Exquisitely Reno'd From Top To Bottom. Not One Detail Overlooked. Modernized Open Concept Layout Perfect For Entertaining. Brand New Kitchen With Quartz Countertops, Backsplash & Espresso Bar. Throughout: Led Pot Lights,Wainscotting, 6""Hardwood. Living Room Stone Accent Wall With Gas Fireplace. Fully Upgraded Master Ensuite With Heated Floors & So Much More $$ Must-See Feature Sheet**** Extras **** Brand New Stainless Steel Appliances(Oversized Fridge / Freezer,Wine Fridge,Gas Stove,Dishwasher),New Washer & Dryer, All Window Covering, All Electrical Lighting Fixtures. Brand New Garage Door. $150K+ In Upgrades See Feature Sheet!!!! (Id:23934)
CALL1.877.896.6727
Property Price
$1,198,168
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$239,634
Mortgage Insurance ($)
$0
Mortgage Required ($)
$958,534
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$20,438
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$261,572
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$257,572
Monthly Payment
$3,787
Move In & Make It Your Own! This 4 Bedroom, 3 Bath Executive Home Boasts Stunning Ravine Views. Located In The Prestigious Bolton North Hill Community. Large Principal Rooms, Spacious Eat-In Kitchen With Breakfast Area & Walk-Out To Deck. Formal Dining Features A Bay Window Overlooking The Scenic Ravine With Towering Mature Trees. Wood Burning F / P In Family Room. Large Primary Bedroom With 5Pc Ensuite & Walk-In Closet. Basement With Walkout Awaits Your Vision. So Much Potential!**** Extras **** All Electrical Lighting Fixtures, All Window Blinds, All Appliances Are Included In ""As Is"" Condition. Washer, Dryer, Fridge, Dishwasher, Stove, Hood Fan, Camera System With Dvr Garage Door Opener & Remote, Central Vac, Central Air Conditioning, Hot Water Tank Rental. Excluded: Server Cabinet In Basement. (Id:23934)
CALL1.877.896.6727
Property Price
$1,199,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$239,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$959,200
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$20,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$261,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$257,755
Monthly Payment
$3,789
This Welcoming Home Has All The Bells And Whistles In A High Demand Area Of Caledon In The Quaint Historical Village Of Alton. Less Than An Hour Commute To The City. Close To Pga Tour Golf Course, School, Nature Trails, Health Centres, Restaurants And So Much More**** Extras **** Completely Renovated, Open Floor Plan With Gas Fireplace, Granite Counter Tops And Built In Oven, 2 Laundry Rooms, 2 Car Garage, Hardwood, Large Family Room With Fireplace, New Septic And The List Goes On. (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 (%)
1.40%
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
$3,797
Beautiful Detached-Bungalow In The Heart Of Campbells Creek, On 1 / 2 Acre Private Lot- Updated Home With Stucco Exterior; 3 Bedrooms On Main Level With Home Office; Hardwood & Ceramic Floors; Reno'd Kitchen With Cherry Wood Cabinets, Granite Counter, Stainless Steel Appliances; Lrg Breakfast Area With Bay Window; Bright Home With Great Room Featuring Floor To Ceiling Windows O / Looking Breakfast Area With Views Of Front Yard & Backyard. View: 3D Virtual With Floor Plans**** Extras **** Backyard Oasis With In-Ground Pool, Interlock Patio; Sunroom Off Of Back Entrance; Lrg Garage With High Ceiling; Sheds 15X12; 4X8 & Car Port 20X12; Finished-Basement With Wood Stove-Games & Family Room, 4Pc Bath, 2 Extra Rooms. Great Potential. (Id:23934)
CALL1.877.896.6727
Property Price
$1,500,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$300,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,200,000
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$26,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$327,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$323,975
Monthly Payment
$4,741
Private 3 Acre Parcel Of Open Space Surrounded By Mature Trees, Approximately 700 Feet Frontage On Old Church Rd & Additional Approximately 800 Feet Frontage On Old 20 Sideroad, Multiple Entrances / Exits & Driveways, Nearby Subdivision/ Town Water & Gas.**** Extras **** Multiple Buildings Include 3 Bedroom Bungalow Which Is Partially Renovated And Is Occupied, Separate Garage With A Man Door And Additional Barn. Property Available For Viewing By Appointment Only. (Id:23934)
CALL1.877.896.6727
Property Price
$1,300,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$260,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,040,000
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$22,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$283,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$279,975
Monthly Payment
$4,109

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.