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

Prime Location In Bolton 2208 Square. Ft. Per Builder. See Virtual Tour For More Great Pics! Newly Renovated. Premium Lot - Your Backyard Oasis Awaits You! Beautiful Spacious Kitchen With Great Sized Eating Area. No Carpet In This Home. Lots Of Natural Light; Neutral / Warm Decor.**** Extras **** Incld: Window Coverings, Elf's C / Air, C / Vac, Dining Table. (Id:23934)
CALL1.877.896.6727
Property Price
$869,999
Minimum Down Payment (%)
7.13%
Minimum Down Payment ($)
$62,000
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,875
Mortgage Insurance PST
$2,586
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$79,960
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$75,960
Monthly Payment
$3,554
Gorgeous & Gleaming! Bright End Unit With Hdwd Fls Thru Out Main. O / C Kitchen With Stainless Steel Appls, Quartz Counters,Brkfst Bar & Brkfst Area With S / D To Private Fenced Yard. Bright Kitchen Living Room & Dining Room With Pot Lights. 3 Airy Bdrms & Swanky Master Has Two (His & Her) Walk-In Closets Organized By Simply Closets, +4Pc Ens Bath. Convenient 2Nd Floor Lndry. Basement Has High Ceilings & Roughed In Plumbing - Ready For Your Man Cave Dream! Direction Access To Garage. Shows Beautifully!**** Extras **** Stainless Steel Fridge, Stainless Steel, Stainless Steel Dishwasher, With D, Elf's, Custom Window Roller Blinds With Remotes (Where Applic), Gb&E, Central Air Conditioning, Cent Vac, Garage Door Opener. Hot Water Tank (Rental) Close To Schools, Library & More! (Id:23934)
CALL1.877.896.6727
Property Price
$764,900
Minimum Down Payment (%)
6.73%
Minimum Down Payment ($)
$51,490
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,773
Mortgage Insurance PST
$2,283
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$67,046
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$63,046
Monthly Payment
$3,138
Upscale Lofty, Downtown Feel In Bolton's North Hill Community!!! Rare To Walk Into A Home Where Its Been Done From Top To Bottom, Inside & Out! Completely Remodelled & Redesigned Main Floor..Gorgeous New Kitchen, Extra Large Centre Island,Granite,Winebar, Cathedrals++ Wow Factor From The Moment You Enter! 4 Level Backsplit With Few Steps In Between Levels Also Works For People Seeking Bungalows.Potential Bmt Apartment.Has Walk-Up To Premium Lot 53X128ft.**** Extras **** Included:Stainless Steel: Gas Stove,Fridge,Canopy Exhaust Fan,D / With Bar Fridge,White With D,Shades,Upscale Light Fixtures(All Under 2 Years Old).New:Kitchen,2 Piece. Bath,Entrance Doors,Garage Door,Furnace 2017,Roof Reshingled,Recent Windows. Hot Water Tank Rented... (Id:23934)
CALL1.877.896.6727
Property Price
$949,000
Minimum Down Payment (%)
7.37%
Minimum Down Payment ($)
$69,900
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$15,455
Mortgage Insurance PST
$2,813
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$89,668
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$85,668
Monthly Payment
$3,867
Amazing Opportunity To Own A Piece Of Caledon's History! Originally Thomas Hockley's ""Flour Grist Mill"" Site. The Humber River Embraces 2.43 Beautiful Acres With Cozy 3 Bedroom +Loft Bungalow. With Picturesque Views From The Wrap-Around Deck, Deer Sightings, Swimming With Fishing Hole, It's The Perfect Harmony Of Quiet Country Living And Access To All Major Highways, Towns And Amenities. Walk To Bruce Trail. A Property Like This Doesn't Come Around Often!**** Extras **** Electrical Lighting Fixtures, Samsung Fridge, Microwave, Dishwasher, Maytag Washer / Dryer, Waterford Pellet Zeroclear Stove, 3Sheds, Plexiglass Bugfree Screen Porch, Roof 2019, Barbeque, Gardens / 1000S Perennials, Chubb Security. Exclude Lndry Cpbrd / Door Decor / Moffat Stove (Id:23934)
CALL1.877.896.6727
Property Price
$998,900
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,890
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,453
Mortgage Insurance PST
$2,957
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,800
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,800
Monthly Payment
$4,065
Welcome To The Tranquil Community Of Alton. Located Minutes From The Gta Its A World Away In How Life Is Experienced. This 1400 Square Ft 3+ 1 Bedroom Bungalow Sits On A Beautiful 75 X 277' Lot With A 2 Car Grge, 6 Car Dvwy & 2 Storey 16X24 Shop! Plenty Of Room For The Family With A Bonus 1 Bedroom Inlaw Suite In The Basement With A Separate Entrance. Kitchen Includes A Bkfast Area With Walk-Out To Patio.**** Extras **** Living Room Is Spacious With A Wood Stove & Bay Wdw, Master Has 3 Piece En-Suite And 2 Closets! The Basement Has So Many Options. Currently 1 Bedroom In Law Suite With Plenty Of Room To Make Another Bedroom. The Yard Has To Be Seen! Shop Has Water & Hydro. (Id:23934)
CALL1.877.896.6727
Property Price
$799,900
Minimum Down Payment (%)
6.87%
Minimum Down Payment ($)
$54,990
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
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
$3,277

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.