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

Impressive Custom Home In Prestigious Nobleton. Maple Hardwood And Italian Porcelain Throughout. Eye Popping Gourmet Chef's Kitchen. Elevator To Each Floor. Walk-Up Basement To Your Own Oasis. Salt Water Pool And Cabana. Full Kitchen And Bath. Truly An Executives Pride Home. All 4 Bedroom Sizes And Their Ensuites Will Impress. There Is A Levy For The Sewers That Will Be Paid Upon Closing.**** Extras **** All Appliances Including Refrigerator In Cabana, Freezer In Garage, All Pool Equipment, 2 Air Conditioners, 2 Furnaces, Elevator, Central Vac And Accessories. (Id:23934)
CALL1.877.896.6727
Property Price
$2,299,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$459,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,839,200
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$43,950
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$505,250
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$501,250
Monthly Payment
$7,386
Spectacular Showpiece Bunglaloft Home Over 4000 Sf On A Premium 194' Deep Lot! No Expense Spared+Loaded With Upgrades! Wonderful Open Concept Floor Plan With Soaring Ceilings, Custom Built Kitchen With Island, Quartz Tops, Swarovski Crystal Accents, Pantry / Servery + Top Of Line Appliances! Huge 2-Storey Great Room,Wide Plank Hand Scraped Flooring,10+ Ft Ceiling, 8Ft Doors, Solid Oak / Glass / Iron Staircase, All Bdrms Have Ensuites+Wicc! 10++**** Extras **** Stone / Stucco, Cust Wall Covgs & Drapery, Chandeliers, Crown Mldgs, Built-In Speakers, U / G Trim / Doors, Top Of Line Stainless Steel Appliances, Irrig System, Security System With Cameras, Walk-Up Basement With 9' Ceilings, 7 Car Parking On Stone Driveway, And More!!! (Id:23934)
CALL1.877.896.6727
Property Price
$1,949,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$389,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,559,200
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$35,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$426,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$422,755
Monthly Payment
$6,262
Welcome To This Amazing Family Oasis.Set On A High Demand Crescent & Backing To Forest With A Serene, Separately Fenced Salt Water Pool & Pergola.Extensive Landscaping, Terraced Lawn & Well Maintained Perennial Gardens. 3470 Square Ft Of Versatile Living Space On 1 / 2 Acre With Fenced Yard. Stunning Master Bedroom Level With Balcony O / L Pool, With Ensuite & Den. Renovated Kitchen, Ll Bath & Recroom. Parking For 8 Cars. Separate Entry From Garage To Mudroom To Basement.**** Extras **** High Eff Forced Air Gas, Central Air Conditioning, Kinetico Water Softener, Uv System, Pot Lights,Custom Blinds 2017. Pool Pump 2019. Fridge,Stove, Dishwasher, High Eff Pool Pump,Pool Heater, Elf's. (Excluded D / R, Front Entrance Electrical Lighting Fixtures & Recroom Wall Cabinet. Fireplace ""As Is"". (Id:23934)
CALL1.877.896.6727
Property Price
$1,299,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$259,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,039,920
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$22,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$283,953
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$279,953
Monthly Payment
$4,176
Grand-Scale-Luxury,Custom Built Red Brick&Stone Tudor 6,250 Sf+2,900 Sf Walk-Up! This Stunning 5+1 Bed Residence Is Your Dream Home Come True In The Heart Of King City,Situated On A Pie-Shaped / Circular Drvway Lot Magnificent Designer Chef Kitchen With Rift Oak Interiors,Finest Finishes,Imported Italian Marble Countertops,Radiant Heating,Custom Family / Office Built-Ins,Wrght Iron Strcase, Opulent Master With 9Pc Ens+Heated Floor With Steam Sauna Massive Walk-In**** Extras **** Elevator,Gym,Theatre,Covered Loggia,Wine Room,Nanny Room,Dry Sauna,Sonos Automation,Speakers.Appliances:Built-In Subzero Fridge / Freezer, Wolf 6Burner &Grill Cooktop, Wolf Oven, Wolf Steam Oven, Wolf Microwave,Hoodfan,2 Asko Dishwshrs,2Washer / Dryer (Id:23934)
CALL1.877.896.6727
Property Price
$5,278,500
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$1,055,700
Mortgage Insurance ($)
$0
Mortgage Required ($)
$4,222,800
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$118,438
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$1,175,638
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$1,171,638
Monthly Payment
$16,958
This 3473 Square. Foot Residence Is For Those That Value The Contemporary Setting Along With Clean Elegant Lines And Sophisticated Tonality. Hidden Upscale Neff Cabinetry Is Sublime In Open Spaces That Flow Effortlessly From One To The Next. Ceilings Are Elevated, Architectural Details Are Refined And Windows Expose A Mature And Private Exterior. Ideal For Entertaining Or To Quietly Appreciate In This Established Gated Clublink Community With Resort-Style Living.**** Extras **** Beautiful Main Level Office. Spa En-Suite In A Very Serene Master Retreat. Lower Level (Over 2000 Square.Ft) Entertainment Room & Gym. Hot Tub, Gas Fire Pit, Surround Sound System, Car Lift, High End Appliances, Barbeque Are Just A Few Of The Extra (Id:23934)
CALL1.877.896.6727
Property Price
$2,999,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$599,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$2,399,200
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$61,450
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$662,750
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$658,750
Monthly Payment
$9,635

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.