Clarington 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 Clarington 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

Clarington Mortgage Calculator Examples

Welcome Home!!! Top Floor One Bedroom Plus Den In The Highly Sought After Senior's Residence At Clarington Centre. A Safe And Quiet Place To Call Home. Built In 2008. A Walk In Shower Bathtub Makes For Easy Living. This Unit Includes An Open Concept Kitchen And Living Dining Room. Master Bedroom With Walk In Closet**** Extras **** Ensuite Laundry. Walk Out To Private Balcony. Owners Have Direct Access To The Amenities Of ""Seasons Retirement Community"". Walking Distance To Restaurant And Shopping. (Id:23934)
CALL1.877.896.6727
Property Price
$359,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,950
Mortgage Insurance ($)
$13,642
Mortgage Required ($)
$354,692
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$3,860
Mortgage Insurance PST
$1,091
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$24,401
First Time Home Buyer
Land Transfer Tax Credit
-$3,860
Cash Needed
$20,541
Monthly Payment
$1,449
Beautiful 2 Storey Home, 3+1 Bedroom, 3 Washrooms, Double Car Garage With Acess, In Sought After Neighbourhood, Perfect For The Growing Family! Close To Schools, Parks & 401! Open Concept Kitchen With Breakfast Area, Walkouts To An Amazing Private Backyard With Large Deck, Main Floor Laundry, Master Bedroom With Ensuite And Walk / In Closet, Finished Basement Offers Extra Space For The Whole Family With Rough In.**** Extras **** House Is Equipped With A Stair Lift, Wheelchair Accessible Roof(12) Windows(13) Furnace / Ac (13) Garage Door(12) Dont Miss Out On This Oppurtunity (Id:23934)
CALL1.877.896.6727
Property Price
$685,000
Minimum Down Payment (%)
6.35%
Minimum Down Payment ($)
$43,500
Mortgage Insurance ($)
$25,660
Mortgage Required ($)
$667,160
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$10,175
Mortgage Insurance PST
$2,053
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$57,228
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$53,228
Monthly Payment
$2,726
You Will Love This Home And Its Quiet Location. Decorated And Lovingly Finished Top-To-Bottom Includes A New Custom Kitchen With Quartz Counters And New Lower Level Carpeting. The Private Backyard Offers A Large Brick Patio, Cedar Hedging And An Oversize Shed. Note: Stair And Upper Hallway Carpeting Will Be Replaced Before Closing (See Sample In Home). Shingles 2019. ** This Is A Linked Property.** **** Extras **** Included: Fridge, Stove, Dishwasher, Washer, Dryer, Microwave Rangehood, Window Blinds, Light Fixtures, Central Air, Hot Water Tank, Shed, Garage Door Opener & 2 Remotes. Excluded: Fabric Window Covs, Din Room Mirror, Liv Room & Recreation Room Candle Holders (Id:23934)
CALL1.877.896.6727
Property Price
$499,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,995
Mortgage Insurance ($)
$18,996
Mortgage Required ($)
$493,901
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$6,473
Mortgage Insurance PST
$1,520
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$34,488
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$30,488
Monthly Payment
$2,018
Move In Today! Welcome To The Danforth: 1200 Square. Ft. Of Modern Luxury. This Corner Suite Has A Beautiful North-Eastern Exposure. Open-Concept Living Space And 2 Spacious Bedrooms With Their Own Bathrooms! Underground Parking, Large Storage Locker, And Convenient Ensuite Laundry! Building Offers Elevator, Amenity Room & Outdoor Courtyard.**** Extras **** Building Features Elevator, Amenity Room & Outdoor Courtyard. Quality Construction Solid Steel / Concrete For Sound Separations / Fire Safety & Geothermal Energy System Keeps Your Costs Low. Included: Underground Parking, Locker & 5 Appliances! (Id:23934)
CALL1.877.896.6727
Property Price
$489,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,495
Mortgage Insurance ($)
$18,616
Mortgage Required ($)
$484,021
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$6,273
Mortgage Insurance PST
$1,489
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$33,757
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$29,757
Monthly Payment
$1,978
Amazing Opportunity To Own 1.78 Acres In The Heart Of Bowmanville. Restore This 1875 Century Home, Full Of Character, To It's Original Beauty. Formal Living / Dining Room With Custom Trim & Decorative Crown Molding Offering Lots Of Natural Light. Family Sized Eat In Kitchen With Gas Fireplace. Enjoy The Extra Space With 3 Sunrooms, One Offering A Walk-Out To The Back Patio. Upstairs Boasts 5 Bedrooms & 9 Ft Ceilings!**** Extras **** Main Floor Laundry With Large Pantry. Detached Double Garage With Steel Roof & Greenhouse Off The Back. Barn With Hydro Provides Extra Room For Hobbies & Storage! (Id:23934)
CALL1.877.896.6727
Property Price
$839,900
Minimum Down Payment (%)
7.02%
Minimum Down Payment ($)
$58,990
Mortgage Insurance ($)
$31,236
Mortgage Required ($)
$812,146
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
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
$3,319

Mortgages In Clarington

Country charm, cozy family-oriented & friendly neighbour communities, and city life all rolled up into Clarington! It is all right here; desirable urban conveniences, country peacefulness, and suburban neighbourhoods all come together to make a home buyer's dream! Nestled within these fantastic neighbourhoods that makes up this city are a variety of real estate options that can tap any budget. Cute smaller homes, larger townhomes, new builds & established homes, lofts & condos... you name it, it exists here (even vacant lots with loads of new home potential!). For buyers that will finance via a mortgage, they should scout out the perfect home and use the Clarington mortgage calculator. You may be familiar with a mortgage calculator, but if you are not, it can be found on your bank website or a mortgage broker website, and you simply enter the cost of the home, choose an interest rate, pick the duration of the loan, and you will have a base monthly payment amount. Your goal here is to see exactly where your affordability is, and by working out important pieces of information regarding the home, you will see that the monthly payment amount plus interest may be in your budget and it may not be in your budget.
The kind of mortgage loan that you have in mind will determine a lot about your mortgage because not only is the interest rate a huge factor, but so is the length of time that you will want to carry the mortgage loan (amount of years). The longer the mortgage loan goes and the amount you pay monthly & the frequency, the more interest you will pay, pure and simple. By using a mortgage calculator, you would have seen right away that the length of time for the loan and the frequency of the monthly payments both have a big impact on the bottom line. Your finances will dictate which kind of mortgage loan that you will qualify for, so doing a bit of research on the various mortgage loan types is important. Clarington is more then affordable for most people and a great financial investment (the location & province of the home is important to lenders, as they need to know they can sell your home fast if you default on the mortgage loan somehow). Lenders also want the reassurance that you will live in the home as opposed to renting it out, as they do not feel comfortable with that risk, just like insurance companies frown on renters as opposed to owner-occupied.