King 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 King 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

King Mortgage Calculator Examples

Breathtaking!! The Only Way To Describe The Views From This 10-Acre Lot! Located In The Sought After King City Area And A Short Distance To Aurora. The Possibilities Are Endless! Live In The Charming Existing Bungalow, Rent It Out, Build Now! Build Later! Your Custom Dream Home Awaits You! Why Buy Someone Else's Build When You Can Build Your Own Masterpiece At A Better Value.**** Extras **** The Exis Bungalow Features 3 Brs,Living Room, Dining With Walkout To Deck, Kitchen With Access To The Garage. Master Bedroom With 2 Piece Ensuite.Finished Basement With Laundry And Recreation Room. Fridge, Stove, Dishwasher, Washer, Dryer. View Drone Tour (Id:23934)
CALL1.877.896.6727
Property Price
$1,699,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$339,800
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$30,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$371,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$367,755
Monthly Payment
$5,749
Rare & Highly Sought After 1,325 Sf Condo In Charming Schomberg. Elegant Living At Its Finest. Only 7 Gala Suites In Building With This Unit Having A Unique Floor Plan. Beautifully Finished Top To Bottom. Lrge Balcony With 2 Walk-Outs, Barbeque Gas Hookup, Overlooks Lush Mature Treed Conservation With Creek. Upgrd Kitch With Stainless Steel Appls, Two Master Bedroom Suites With Full Ens Bthrms. Exceptional Building Amenities You Won't Find Anywhere Else. Superb Financials. Well Run / Maint Building.**** Extras **** 3 Coffered Ceilgs / All Smooth Ceilgs Included Crown Mouldg, Hardwood Flrs, Lrge Closets With High End Organizers, Massive Glass Shower In Ens Bthrm. 2 Lockers, Extra Wide Pkg Space. See Info Insert In Feature Brochure For Full Features / Incls / Excls. (Id:23934)
CALL1.877.896.6727
Property Price
$629,800
Minimum Down Payment (%)
6.03%
Minimum Down Payment ($)
$37,980
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,071
Mortgage Insurance PST
$1,894
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$50,445
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$46,445
Monthly Payment
$2,603
Fabulous Family Residence In Upscale Gates Of Nobleton! Meticulously Appointed, Custom Designed Kitchen With 7 Built-In Jenn Air Professional Appliances. Open Concept Kitchen, Breakfast And Family Room ~ Ideal For Entertaining Or Just Watching The Kids Play! Walkout From Breakfast Room To 3 Season Covered Loggia Overlooking The Pool, South Facing Yard And Farm Fields. 4 Large Family Bedrooms, 5 Bathrooms, 2Nd Flr Laundry. Mud Room With Access To Yard & Garage.**** Extras **** Finished Basement With 4Pc Bath, & Recreation Room. Professionally Landscaped ~ Pool, Hot Tub, Stone Patio, Trees, Gardens, Custom Curbs, Sidewalks! Turn-Key, Just Move In And Enjoy! Virtual Zoom Walk Through Can Be Arranged Via Listing Agent! (Id:23934)
CALL1.877.896.6727
Property Price
$1,799,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$359,800
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$32,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$393,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$389,755
Monthly Payment
$6,087
Stunning Luxurious End Unit Link Home With A Contemporary Feel And An Abundance Of Light. This Edinburgh Model Is One Of The Rare And Largest (2714 Sf) Home With Over $100,000 Of Upgrades. Soaring Ceilings (10 Ft Main And 9Ft On 2Nd Floor). Open Concept Floor Plan And Large Picturesque Windows Overlooking The Landscaped Backyard. Grand Master Bedroom With Spa Like Bathroom And 2 Walk-In Closets. Professionally Finished Basement, Great For Entertaining!**** Extras **** No Sidewalks Or Neighbors In Front Of The House. Only Linked By The Garage. Great Home For Families Or Empty Nesters. Walking Distance To The Go Train, Fabulous Restaurants And Trails. (Id:23934)
CALL1.877.896.6727
Property Price
$1,249,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$249,800
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$21,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$272,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$268,755
Monthly Payment
$4,226
Beautiful Family Home Situated On A Treed Pool Size South Lot In A Mature Country Like Setting But Steps To Park,Ravine,School,Recreation Centre & Main St. Shops & Restaurants.Many Updates & Upgrades T / O(List On Treb),Included Hardwood & Bamboo Flooring,Updated Ensuite & Kitchen Which Is Open To The Dining Room,Finished Basement Upd In 2019, Bright 4 Season Sunroom With Heated Floors & Walk Out To One Of The Many Decks & Patios,Cozy Family Room With Gas F / P & Tasteful Decor.**** Extras **** Include; Existing Stainless Fridge,Stove,Bi D / With 2019),Washer,Dryer,Microwave (2018),Window Coverings's & Light Fix's,Basement Freezer & Fridge,Garage Door Openers & Remotes,Central Vac & Att,Water Soft,Satellite, Gas Fp & Woodstove,Central Air,3 Sheds (Id:23934)
CALL1.877.896.6727
Property Price
$1,125,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$225,000
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$18,975
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$245,475
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$241,475
Monthly Payment
$3,807

Mortgages In King

Positioned right where the Greenbelt begins is the township of King (just north of Toronto). As one of the more picturesque places in Ontario with its Oak Ridges Moraine hills, multiple golf courses dot the landscape too, along with small ponds, rivers, and conservation areas worthy of exploration. Cycling paths & the biking park are big draws for active kids, and there are lots of outlets for adult enjoyment such as exquisite dining venues, cultural facilities, the arts community, shopping & entertainment venues. This community possesses a great collection of schools, transportation options, amenities, healthcare, eateries & bakeries, and of course, a weekly farmer's market. The real estate opportunities in King come in various sizes and shapes (mansions with acreage for complete privacy, dimensionally generous multi-storey executive homes, spacious multi-storey townhomes, condominium complexes, and rancher & bungalow styled larger homes). Obtaining a mortgage loan is within reach of many home buyers financially, and to get started, use the King mortgage calculator to know roughly the monthly amount that would be due on the loan. Ascertaining your personal financial strategy should stem from knowing where your affordability zone is via a mortgage calculator (this 'zone' should be stressed to your lender when you are ready to apply for a mortgage loan).
Obtaining approval for a mortgage loan for your King home requires preparation and being armed with pertinent information, just like what you needed to use a mortgage calculator. Your lender will want you to provide 'proof' as to your credit rating, your total income, and verification from the source(s) of that income, any outstanding debts, any assets that you own, account for all monies that you have saved including a down payment if available, and more. The trick to winning over your lender with a pre-approval for a mortgage loan is to have little to no debt, a great credit rating, ample income that supersedes your monthly outgoing, show steady employment with no major changes on the horizon, and easily show that you not only pay off any debts that you have accrued, but you have owned assets as a result. The more stable you are financially, the less risk you pose to a lender, and it will qualify you for a better interest rate too! When home buyers are a higher risk, they will pay for it along the way (higher interest rate, additional loan insurance and even lose mortgage product options as a result). You can negotiate your mortgage loan & product type with a lender, so shop around with lenders to see which one will offer you the better mortgage.