Milton 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 Milton 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

Milton Mortgage Calculator Examples

Absolutely Stunning!!! Lots Of Upgrades In This Executive 4 Bed Room Detached Home 2421 Square Ft As Per Mpac, In The Perfect Location Of Very Desirable Scott Area Of Milton. 9'Ceiling On Main Floor, Updated Kitchen With Granite Countertop, Separate Living Room And Dining Room. Hand Scraped Hardwood On Main Level, Spacious 2Nd Level With Large Master Bedroom With Walk-In Closet And Luxurious Bathroom With Separate Shower And Bathtub.Minutes To All Amenities, No Sidewalk**** Extras **** Steps To Pl Robertson Public School, Minutes To Grocery Store And Shopping Plaza.Fridge, Stove, Built-In Dishwasher, Washer, Dryer, Central Air Conditioning, All Window Blinds & Coverings, Electrical Light Fixtures. (Id:23934)
CALL1.877.896.6727
Property Price
$979,900
Minimum Down Payment (%)
7.45%
Minimum Down Payment ($)
$72,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,073
Mortgage Insurance PST
$2,902
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$93,465
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$89,465
Monthly Payment
$4,220
Stunning 3 Storey Mattamy Built Freehold Townhouse Located On A Quiet Street In Hawthorne Village And Has The Ideal Location. Just Minutes From Shopping, Entertainment, School, Transit And Hwy 401! Entertain Your Guests On 2Nd Level Large Living Room With Walk-Out To Balcony. Large Windows In The House With Lots Of Natural Lights. Generous Size Eat-In Kitchen. Huge Master Bedroom With Double Closets. No Carpet In The House. Big Garage With Access Door To Home**** Extras **** Fridge, Stove, Dishwasher, Washer, Dryer, Built In Microwave With Exhaust, All Elf's, All Window Coverings, Garage Door Opener With Remote. Hot Water Tank & Water Softener Are Rental (Id:23934)
CALL1.877.896.6727
Property Price
$639,900
Minimum Down Payment (%)
6.09%
Minimum Down Payment ($)
$38,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,273
Mortgage Insurance PST
$1,923
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$51,686
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$47,686
Monthly Payment
$2,796
Absolute Showstopper With Many Upgrades! 45 Ft Wide Overlooking Ravine. All Brick 4Br & 4 Wr. Open Concept Living / Dining. Large Size Family Room With Fireplace. Eat In Kitchen With Walkout, Granite Top Island & Stainless Steel Built-In Appl, Valence Lights. Gas Stove And Upgraded Back Splash. Double Door Entry With Customized Doors. Main Floor 9 Ft. Lots Of Pot Lights And Upgraded Light Fixtures. California Shutters On All Windows. Oak Stair Case With Iron Pickets.**** Extras **** Stainless Steel Fridge, Built-In Gas Stove, Oven, Microwave, Dishwasher, Stainless Steel Hood Fan. Front Load Washer & Dryer. All Window Coverings And Light Fixtures (Except For The One In The Foyer), Cold Cellar, Rough In For Wr In Basement. Rough-In Central Vacuum, All Gdas. (Id:23934)
CALL1.877.896.6727
Property Price
$1,099,999
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$220,000
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$18,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$239,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$235,975
Monthly Payment
$3,938
Wonderful 3-Bedroom, 2-Bathroom Immaculately Maintained Family Home With In-Ground Heated Pool On One Of Timberleas Most Sought-After Streets. This Fabulous Home Has Been Completely Renovated With High-End Finishes. It Features A Traditional Main Floor With Hardwood & Ceramic Flooring Throughout. The Newly Renovated White Kitchen Has Granite Counters, Plenty Of Cabinetry, Undermount Lighting, Tile Backsplash, Pot Lights & A Gas Stove. The Spacious Dining / Living Room Features A Beautiful Bright Window, Stone Fireplace & Walk-Out To The Massive Private Back Yard With Custom Covered Porch And Massive Deck Overlooking The Large Pool, Beautiful Gardens & 10' X 10' Outdoor Shed For Additional Storage. There Are 3 Bedrooms All Featuring Hardwood Floors, Including The Large Master Bedroom Retreat. Gorgeous 4-Piece Bath With Tub Surround. The Finished Basement Has A Large Recreation Room With Tons Of Storage. Add'l Features (See Attachments) Include: Roof (2018), Gutter Guards (2017), New Flooring (2018 / 19), New Kitchen (2019), Inside Entry From Garage, Natural Gas Barbeque Hook-Up (Never Run Out Again!) And Parking For Four Vehicles In The Driveway. The Home Has Recently Been Freshly Painted Throughout In Soothing Neutral Tones To Match Any Decor. Ideally Located Close To All Amenities: Steps To E.With Foster Public School (English & French Immersion), Parks, Sherratt Trail, Public Transit, Library, Groceries, Community Centres. Completely Turn-Key And Waiting For Your Family By The Pool! (Id:23934)
CALL1.877.896.6727
Property Price
$899,000
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,455
Mortgage Insurance PST
$2,669
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,524
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,524
Monthly Payment
$3,882
Fantastic 4 Bedroom, 3 Bathroom Home. Main Floor Has Open Concept Floor Plan With 9Ft Ceilings. Walkout From Eat-In Kitchen To Private Landscaped Rear Yard. Second Floor Has 4 Spacious Bedrooms With Large Closets Including A Walk-In Closet In The Master Bedroom As Well As A Conveniently Located 2Nd Floor Laundry. Upgrades Include Granite Countertops In Kitchen And 2 Full Baths. Close To Schools, Parks, Shopping And Transit. ** This Is A Linked Property.** (Id:23934)
CALL1.877.896.6727
Property Price
$874,900
Minimum Down Payment (%)
7.14%
Minimum Down Payment ($)
$62,490
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,973
Mortgage Insurance PST
$2,600
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$80,563
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$76,563
Monthly Payment
$3,781

Mortgages In Milton

Just a hop, skip and jump away from Hamilton and Toronto, the ideal location for home buyers to search the MLS listings is the charming city of Milton! All of the desirable 'ingredients' are present in this small-town feeling city, like a great independent economy, plenty of amenities & activities, safer for families, affordable, loads of parks to explore, great schools, and excellent transportation routes. The varied collection of real estate found in this city is a lovely fusion of estate homes, executive townhomes, older 19th century homes, farm properties, vacant lots just waiting for development, and so much more... welcome home! To figure out where you stand with affordability, just simply use the Milton mortgage calculator! A mortgage calculator will come in very handy, especially for first time home buyers who are not sure how mortgage loans work. Mortgage loans are based on the principal amount to purchase the home, the interest rate (which can vary between lenders and the prime rate), the amount of years it will be before the loan is paid back in full and the monthly payment frequency (bi-weekly or monthly). What mortgage product you are offered by a lender depends on your financial standing, the location & province the home is in, the level of risk you pose to the lender and other factors.
There are several mortgage product types, but not all of them may apply to you and your finances to purchase your home in Milton. For borrowers that have at least a 20% down payment and have an excellent financial standing may have a conventional mortgage/low ratio mortgage offered to them. A higher risk borrower may be offered a high ratio mortgage. A mortgage product (fixed rate, variable rate, hybrid or adjustable rate) may be a closed mortgage which is non-negotiable after the terms & interest rate is set, or an open mortgage where the conditions are more flexible without a penalty should changes be made like an early pay off or alteration to the amortization. A mortgage calculator that you used is just the starting point, a lender must go more in-depth with your background financially and the background of the home & its appraised value ratio. Before, during and after the mortgage process and closing of the home purchase transaction, you should keep in mind that there will be other costs like moving, utility hook-up, property taxes, insurances, and any immediate 'd�cor tweaking'. Buying a home is a big step, but it is a big investment too that will, over each year, grow valuable equity.