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 Examples

Centreville Creek Is Calling. This Bright 3+1 Bedroom Home Sits On Top Of A Hill Overlooking 2.73 Beautiful Acres, Complete With A Stream & Ample Walking Trails. Enjoy All Nature Has To Offer. This Forest Wonderland Is All You Can Dream Of For Your Perfect Hideaway In The Country. Nestled Up High On The Property This Site Allows Vistas From Every Room. The Ideal Location For Your Forever Home. Attention Builders, Live Now Build Later.**** Extras **** Includes: All Existing Appliances, All Electric Light Fixtures, All Window Coverings, Shed, Greenhouse, Garage Door Opener And Remote, Hot Water Tank, Oil Tank. (Id:23934)
CALL1.877.896.6727
Property Price
$898,000
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,800
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,435
Mortgage Insurance PST
$2,666
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,401
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,401
Monthly Payment
$3,877
Charming 3+1Bdr / 3Bth Home Located In Desirable Palgrave In The Historic Town Of Caledon. Beautifully Renovated This Home Features Hardwood T-Out, High Baseboards & Trims, Crown Moulding, Smooth Ceilings, Staircase With Wrought Iron. The Open-Concept Main Level Features A Din Room / Liv Room & Kitchen With Breakfast Bar, Family Room & Mud Room With Back Door Entrance & 2Pc Bth. The Upper Level Boasts A Master With 3Pc Ensuite, Walk-In Closet, 2 Additional Bdrms & A 3Pc Bth.**** Extras **** The Finished Lower Level With Separate Entrance Offers A Recreation Room & 4Th Bedroom. Includes Fridge, Stove, Built-In Dishwasher, Washer, Dryer, Central Vacuum, New Central Air Conditioning, Ws(As Is), Hot Water Tank(Rental), Garage Door Opener With Remotes, New Septic(2019) (Id:23934)
CALL1.877.896.6727
Property Price
$699,000
Minimum Down Payment (%)
6.42%
Minimum Down Payment ($)
$44,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,455
Mortgage Insurance PST
$2,093
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$58,948
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$54,948
Monthly Payment
$3,044
Simply Stunning !!Loaded With All Kind Upgrades. 4 Bedroom 3 Bathroom Fully Detached Home Situated On A Premium Pie Shape Lot.(Wider In The Back) . Offering Separate Living And Family Room, Highly Upgraded Kitchen With Stainless Steel Built-In Appliances And Granite Countertops, Oak Staircase, Master With Ensuite And Walk-In Closet, All Good Size Bedrooms, Separate Side Entrance, Dual Fire Placeless Than 2 Year Old , Hardwood Throughout And Much More. Must Be Seen.**** Extras **** All Existing Appliances. (Id:23934)
CALL1.877.896.6727
Property Price
$969,900
Minimum Down Payment (%)
7.42%
Minimum Down Payment ($)
$71,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$15,873
Mortgage Insurance PST
$2,873
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$92,236
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$88,236
Monthly Payment
$4,179
This Home Is The Full Package! Beautifully Finished Top To Bottom, Boasting A Great Backyard With Mature Trees And Located In Highly Sought After South Hill! Meticulously Cared For, You Will Not Be Disappointed And Will Appreciate The Bright, Functional Layout, Lovely Basement And Great Sized Master With With In Closet And Ensuite. See Website For More Photos & Video!**** Extras **** Inground Sprinkler System, Fully Insulated & Heated Garage, Inside Access From Garage To Mudroom, Multiple Walkouts To Backyard, Lovely Deck With Pergola, Grand Staircase, Open Concept Kitchen, Close To Schools, Parks, Splash Pad & Amenities (Id:23934)
CALL1.877.896.6727
Property Price
$839,900
Minimum Down Payment (%)
7.02%
Minimum Down Payment ($)
$58,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,273
Mortgage Insurance PST
$2,499
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$76,262
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$72,262
Monthly Payment
$3,634
Don't Miss Charming Bungalow In The Hamlet Of Inglewood (Municipality Of Caledon), Just Minutes North Of Brampton. Tastefully Renovated, This Home Features An Updated Kitchen (Granite & Ceramics), Hardwood In Living Area And The Convenience Of The Main Floor Laundry And A Separate Mudroom. The Detached Four Car Garages / Workshop Is Well Suited For Automotive Uses Or Other Trades!!**** Extras **** Fridge, Stove, Dishwasher, Washer And Dryer And All Elf's. (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

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.