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 Examples

Don't Miss Out On This One. Premium Corner Lot. Backs Onto Green Open Space. No House On One Side Or Back. Lookout Windows. Bright Basement And House. Hand-Scraped Hardwood On Main Floor. Granite Counter Top In Kitchen And Quartz Counter In Bathrooms. Close To School.**** Extras **** Includes: Stainless Steel Fridge, Stove, Dishwasher, Washer And Dryer, Air Conditioner, All Window Coverings. Excludes: Turkish Chandelier In Foyer, Will Be Replaced, Hot Water Tank Is Rental, All Wall Hangings And Security Cameras (Bell) (Id:23934)
CALL1.877.896.6727
Property Price
$759,000
Minimum Down Payment (%)
6.71%
Minimum Down Payment ($)
$50,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,655
Mortgage Insurance PST
$2,266
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$66,321
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$62,321
Monthly Payment
$3,295
Perfect Opportunity In The Heart Of Milton >>This Gorgeous Mattamy Built Home Is Located On Low-Traffic Family Friendly Street >>Open Concept >>Full Of Natural Sunlight >>Stunning Updated Eat-In Kitchen With New Stainless Steel Appliances (Dec 2019), Gleaming Laminate Floors, Led Pot Lights >>Walking Distance To Public & Catholic Elementary Schools >>Parks. Easy Access To 401 & Go Station>>No Walkway >>>**** Extras **** Stainless Steel Fridge, Stove, Dishwasher, Over The Hood Microwave (1 Year Manufacturer Warranty) Cloth Washer , Dryer, Existing Light Fixtures (Id:23934)
CALL1.877.896.6727
Property Price
$599,000
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,455
Mortgage Insurance PST
$1,805
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,660
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,660
Monthly Payment
$2,625
Welcome To 746 Maddocks Trail. This Bright And Open Executive Milton Home In The Desirable Coates Neighbourhood Is Sure To Impress! 3598 Square. Ft. Above Grade! This 4+1 Bed, 5 Bath Home Offers A Fantastically Unique Design With Luxury Features Including Double Staircase, Rounded Corners, Custom Art Niches, California Shutters, Tray And Vault Ceilings And More! Close To Parks, Schools, Shopping And Highways This Is A Great Location For Commuters! (Id:23934)
CALL1.877.896.6727
Property Price
$1,199,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$239,980
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$20,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$261,953
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$257,953
Monthly Payment
$4,295
Stunning Home Features Double Door Entry, Professionally Landscaped Yard, Vintage Hand Scraped 7"" Hardwood Flooring, Upgraded Trim, Pot Lights, Shutters, Open Concept Kitchen With Over Sized Patio Doors, Family Room Has A Fireplace And Built In Wire System For The Tv, Freshly Painted, New Berber Carpet, 4 Generous Size Rooms, Master Retreat Features Walk In Closet And 5 Piece Ensuite, 2Nd Floor Laundry.**** Extras **** Stainless Steel Fridge, Stainless Steel Stove, Stainless Steel Dishwasher, Washer / Dryer, Electrical Light Fixtures, Window Coverings, Garage Door Opener With 2 Remotes, Central Air Conditioning, Furnace (Id:23934)
CALL1.877.896.6727
Property Price
$849,000
Minimum Down Payment (%)
7.06%
Minimum Down Payment ($)
$59,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,455
Mortgage Insurance PST
$2,525
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$77,380
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$73,380
Monthly Payment
$3,672
Location Location!! Fabulous 3 Bedroom Luxury Townhome Conveniently Located Steps To Downtown With Easy Access To Major Highways, Go Station, Shopping Plazas, Schools And Many More Amenities. This Corner Unit Soars 9Ft Ceilings, Pot Lights, Espresso Hardwood Floors, Granite Countertops, Backsplash, Oak Stairs + California Shutters. Master With Ensuite And His&Hers Closet. Freshly Painted And Turn Key Ready. Definitely A Must See!**** Extras **** Fridge, Gas Stove, Dishwasher, Microwave, Washer / Dryer, Garage Opener, All Elf's, California Shutters. Common Element Expense: $98.23 / Month. Hot Water Tank Rental. Exclude: Bidet Seats In All Bathrooms. (Id:23934)
CALL1.877.896.6727
Property Price
$599,000
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,455
Mortgage Insurance PST
$1,805
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,660
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,660
Monthly Payment
$2,625

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.