East Gwillimbury Mortgage Calculator
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Enter the amount that you are planning on paying for the property
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
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Enter the amount that you will pay upfront
toward the property to obtain a mortgage
–
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CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
+
$19,000
$13,950
$11,900
$0.00
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Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
=
$494,000
$463,950
$436,900
$400,000
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Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
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Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
STEP 2
Select province to get current
mortgage rates
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Mortgage type specifies whether the interest
rate is variable or fixed
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Select
Select
Select
Select
4.59 %
4.64 %
4.64 %
4.74 %
4.79 %
4.99 %
5.09 %
5.14 %
5.14 %
5.39 %
5.39 %
5.49 %
5.74 %
5.74 %
6.49 %
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
–
–
–
–
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
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 East Gwillimbury are eligible for a Land Transfer Tax rebate of up to $4,000
East Gwillimbury Mortgage Calculator Examples
Immaculate 2 Bedroom Executive Townhome In Desirable Neighbourhood In Mt. Albert. Gorgeous Hardwood Flooring Throughout Main Floor. Beautiful White Kitchen Cabinetry And Granite Counter Tops, Stainless Still Appliances Overlooking Breakfast Area. Living / Dining Area Has Access To Backyard. Main Floor Laundry Has Access To Garage. 2Nd Floor Family Room With 2Nd Bedroom And Semi Ensuite. Fenced Yard And Driveway Asphalt Will Be Installed. Monthly Maintenance Fee Of $241.00 For Grass Cutting, Garbage & Snow Removal.**** Extras **** Included: Fridge, Stove, Dishwasher, Built-In Microwave, Washer & Dryer. All Electrical Light Fixtures & All Window Coverings. The Driveway Asphalt Is Paid & Will Be Installed. Exclusions: Hot Water Tank (Rental). Monthly Maintenance Fee Of $241.00. (Id:23934)
CALL1.877.896.6727
Property Price
$949,000
Minimum Down Payment (%)
7.37%
Minimum Down Payment ($)
$69,900
Mortgage Insurance ($)
$35,164
Mortgage Required ($)
$914,264
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 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
$5,106
New In 2022, This Beautiful, Bright, And Spotless Semi Is Ready For You To Enjoy. 1,714 Square Foot Bristol Model By Oxford With Thousands Of Dollars On Upgrades. Hardwood And Ceramic Tile Throughout - No Broadloom. 9 Foot Ceilings On Main Floor. Entertain And Cook In The Open Concept Main Floor, Centre Island With Quartz Countertop And A Cozy Upgraded Gas Fireplace In Living Room. Modern Gray Cabinetry In Kitchen With An Upgraded Pantry For All The Extras In Your Kitchen. Water Filtration System. Walk-In-Fi Thermostat. Second Floor Has Convenient Laundry Room With Sink. Large Primary With 5 Piece Ensuite - No Sharing Of Sinks :). Main 4 Piece Bathroom For Other Bedrooms. Untouched Basement For Your Future Design With 3Pc Rough-In. Close To Elementary Schools, Parks, Playfields & Amenities. 12 Minutes To Newmarket / 404 / Go Station For Easy Commuting! 7 Year Tarion Warranty. Be Sure To Check Out The Virtual Tour And Then Come In Person!**** Extras **** Inc: Stainless Steel Fridge, Stove, Dishwasher, Otr Microwave, Washer ,Dryer, Garage Door Opener & 2 Remotes, Water Filtration, Walk-In-Fi Thermostat, Tv Wall Mount, All Electrical Lighting Fixtures Light, Window Coverings, Water Softener, Hot Water Tank (Rental) Taxes Not Fully Assessed. (Id:23934)
CALL1.877.896.6727
Property Price
$1,050,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$210,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$840,000
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$17,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$228,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$224,975
Monthly Payment
$4,691
Ravine Park Front Gorgeous Great Gulf Built 5Bedrm Home With Bright Stunning Open Concept Layout * Over Than 3300Sqf * Dbl Door Entry & Large Foyer, Functional Huge Main Floor 5Th Bedroom With Walk-In Closet & Full Bath Optional Luxury Home Office, Large Primary Bedroom With Dbl Walk-In Closets & 5Pc Ensuite. Gourmet Kitchen With Extended Cabinetry,Oversized Center Island & Quartz Countertop.Front Walk Out Basement To The Garage, Potential Rental Income * Many Upgrades / Hardwood Floors,Gas Fireplace,Excellent Location Close To All Amenities:Public Transportation,Go Train,Costco Walmart,Homedepot,Upper Canada Mall,Shops,Banks, Parks, Theatre, Schools & Highways. Step To Nodikaa Trail. A Must See!**** Extras **** Stainless Steel Appliances: Stove, Hood Fan, D / With Fridge. Washer & Dryer. All Existing Elf's, Pot Lights, Tankless Wh (Rent). Central Air Conditioning,Window Coverings. 3D And Video Is Listed. (Id:23934)
CALL1.877.896.6727
Property Price
$1,288,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$257,600
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,030,400
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$22,235
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$281,335
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$277,335
Monthly Payment
$5,755
Stunning, Immaculate & In Mint Move-In Condition =>Centrally Located In Master Planned Queensville Community =>Home Sits On An Oversized 46.45 Feet Lot Frontage =>3208 Square Feet (Mpac) Entertainer's Home >Exceptional Open Concept Layout =>4 Spacious Bdrms & 4 Bathrooms =>9 Ft Ceilings =>Gourmet Kitchen With Granite Counters, Upgraded Stainless Steel Appliances, Stone Backsplash, Undermount Lights & Breakfast Centre Island =>Custom Built Stone Cast Fireplace Mantle & Wire Concealer System In Family Room =>Walkout From 2Nd Floor Hallway To An Open B A L C O N Y =>Prof Painted =>Smooth Ceilings =>Hardwood Floors =>Pot Lights =>Upgraded Bathrooms With Quartz Countertops =>Free Standing Tub In Master Bedroom Ensuite =>Upgraded (Owned) Security System Includes: Windows, Doors & Flood Sensors, Wireless Garage Door Opener & Door Unlock =>Home Light Connectivity & 4 Exterior Cameras (Buyer Needs To Purchase An A D T Subscription Plan - Seller Pays $47.48 Tax-In /Month) =>Truly A 10+ Home**** Extras **** Stainless Steel Fridge, Stainless Steel Gas Stove, Stainless Steel Hood Fan, Clothes Washer & Dryer, Reverses Osmosis System, Water Softener, Elf, Custom Sheers & Blinds =>Close To 404, Schools, Parks & Quick Access To All Amenities Of East Gwillimbury & Newmarket (Id:23934)
CALL1.877.896.6727
Property Price
$1,499,990
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$299,998
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,199,992
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$26,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$327,973
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$323,973
Monthly Payment
$6,702
The One You've Been Waiting For! Beautiful And Move-In Ready 4 Bed / 4 Bath Detached Home. 3800+ Square Feet Of Finished Living Space, Open Concept With 9 Foot Ceilings On Both Main And 2Nd Floor, Kitchen With Island And Quartz Counters, Maple Hardwood Floors, Primary Bedroom With Large Walk-In And 5 Piece Ensuite. Finished Basement With Both Kitchen And Bathroom Roughed-In. Professionally Landscaped Driveway And Backyard. Many Upgrades, New Fence '22, All Amenities Nearby, Wonderful Neighbourhood!**** Extras **** All Wdw Coverings (Zebra Blinds), All Electrical Lighting Fixtures, Fridge, Dishwasher, Stove, Range Hood, Washer & Dryer, 10'X12' Shed, Smart Home Upgrades (Light Switches,Video Doorbell,Motion Lights), Gas Fireplace, Wtr Soft. System. Hot Water Tank (Rental) Excluded. (2) Freezer (Id:23934)
CALL1.877.896.6727
Property Price
$1,648,800
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$329,760
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,319,040
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$29,451
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$360,711
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$356,711
Monthly Payment
$7,367
Mortgages In East Gwillimbury
No matter what your dream home is, you are bound to find it in East Gwillimbury in the Region of York! This city is perfect for home buyers that do not want to invest in the pricier city of Toronto, but want to be within easy access to it and surrounding cities like Newmarket, Richmond Hill, Vaughan, and Markham. East Gwillimbury offers a suburban lifestyle (golfing, lots of parks & conservation areas, schools, amenities & great transportation options). The housing market and MLS listings provide a smorgasbord of dwelling opportunities, as many homes are newer constructions with some multi-family homes and single family homes, while also matching many budgets. The East Gwillimbury mortgage calculator can assist you in working out a rough estimate on the monthly payment (with interest) on any given home's purchase pricing. A very handy tool, a mortgage calculator is only one of a few different kinds of calculators that can help sort out a direct bottom line of affordability. The Internet hosts many sites where calculators can be found (major banks, mortgage companies, credit unions, and more). This city is a great place to invest for its diversity and a mortgage loan can help you achieve your goals. There are different kinds of mortgages, so which one is the right one specifically for you?
East Gwillimbury is still growing with its economy and new housing, so is it a good time to buy a home? After you see how a mortgage calculator works out bits of information such as the mortgage loan type, interest rate, length of time the mortgage loan will be active, the start date, and so on, you can answer the question yourself... do you feel that you are ready for this long-term commitment financially? There are four main mortgage types: a variable rate mortgage, a fixed rate mortgage, an adjustable rate mortgage, and a hybrid mortgage that combines both a variable mortgage and a fixed mortgage. There are some considerations that lenders adhere to, such as where you stand financially and what mortgage products will you qualify for. The lender that you choose will offer you mortgage products that will keep pace with your finances and preferences, such as having an open mortgage or a closed mortgage. The lender will also ascertain whether your selected mortgage is a low ratio mortgage or a high ratio mortgage (high ratio mortgages will require separate insurance for the loan). Current home owners that have a mortgage already will be offered alternate kinds of mortgages that may utilize existing home equity or transfer of a mortgage called a portable mortgage.