Newmarket 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 Newmarket 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

Newmarket Mortgage Calculator Examples

Spotless And Stunning 3+1 Bedroom Summerhill Estate Home. Main Floor Offers 9' Ceilings. Combined Living / Dining Room With Hardwood Floors. Update Eat-In-Kitchen With Granite Countertop & Backsplash, Pantry & Walk-Out To Private Yard. Large Bedrooms With Hardwood Floors. Master Has 3 Piece Ensuite With Separate Shower.Apartment Offers Newer Kitchen & Open Living Space. Great Curb Appeal With Interlock Walkway & Flagstone Patio In Yard. Vestibule. Garage Access. Shows 10++**** Extras **** Stainless Steel Appliances. Gas Stove & Built-In Dishwasher. All Window Coverings & Light Fixtures. Apartment With Fridge & Electric Stove. Clothes Washer & Dryer. Garage Door Openers. Central Air. Shingles 2016.No Survey In Sellers Possession.Fenced Yard (Id:23934)
CALL1.877.896.6727
Property Price
$1,099,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$219,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$879,200
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$18,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$239,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$235,755
Monthly Payment
$3,453
Welcome To The Home You've Been Searching For Nestled In One Of Newmarket Most Sought After Neighborhoods. This Meticulously-Maintained Century Home Has Recently Renovated Bathrooms An Upgraded Kitchen And Boasts 9Ft Ceilings. A Beautiful Family Home With 4 Brms Also Has An Amazing Backyard And Zoned A Legal Duplex. Conveniently Located Steps From Downtown Newmarket, Hwy 404, Go-Train, Local Transit, Schools, Parks And Shopping. Ideal For A Family / Investor.**** Extras **** Stainless Steel Refrigerator, Stainless Steel Stove, Stainless Steel Dswr, Stainless Steel Bi Microwave, Washer, Dryer, Refrigerator(Basement) Excluding: Above Ground Swimming Pool, Swing Set In The Backyard (Id:23934)
CALL1.877.896.6727
Property Price
$1,188,888
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$237,778
Mortgage Insurance ($)
$0
Mortgage Required ($)
$951,110
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$20,253
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$259,530
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$255,530
Monthly Payment
$3,735
Incredible Opportunity To Own A Amazing Home Just Minutes From Davis / Yonge With All The Amenities Such As Grocery, Schools, Transit, Parks & So Much More! This Perfect Family Home Has Two Kitchens And Five Bedrooms Or You Can Use It As A Great Investment Property , Easy To Buy And Easy To Manage. Ample Parking And Good Curb Appeal**** Extras **** Two Stoves, Two Refrigerators, Washer, Dryer, Fenced Yard And Large Tool Shed, Furnace 2014, C.A.C 2014, Most Windows 2003, Upstairs Upgraded Floor 2017, Fire Sprinkler System At Basement , Heat Water Tank Is Rented (Id:23934)
CALL1.877.896.6727
Property Price
$799,000
Minimum Down Payment (%)
6.87%
Minimum Down Payment ($)
$54,900
Mortgage Insurance ($)
$29,764
Mortgage Required ($)
$773,864
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,455
Mortgage Insurance PST
$2,381
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,236
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,236
Monthly Payment
$3,039
Premium Lot Located On A Sought After Court Of Summerhill Pocket! Detached Acorn Built-Backing Onto Green Space. No Neighbours Behind & Walking Trails! This 4Br, 4 Bthrms With Finished Basement Is Perfect For Entertaining & Sunset Nights! Master Bedroom With Separate Shower, Soaker Tub & Walk-In Closet & 4Th Bedroom With 4Pce Ensuite & High Ceilings! Hrwd Flr'g On Main Level & Gas F / P In Family Room For Cozy Nights!Large Recreation In Basement. Close To Schools,Parks & Amenities.**** Extras **** All Electric Light Fixtures, All Window Coverings, Existing Fridge, Stove, Dishwasher, Clothes Washer & Dryer, Garage Door Opener With Remote, Central Vac / Attachments, New Shingles (2018). Cont'd...Over Pt 8, Pl 65R25793, As In Yr271072. (Id:23934)
CALL1.877.896.6727
Property Price
$1,320,888
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$264,178
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,056,710
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$22,893
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$288,570
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$284,570
Monthly Payment
$4,150
A Rare Find!! Spacious Walk-In Bungalow, Just Under 1500 Square Ft Located At End Of Quiet Crescent. Eat-In Kitchen With Pantry. Bsmnt Walk-Out To Deck & Private Yard, Lrg Living / Dining Room With Bay Window. Huge Master Bedroom, With 2 Extra Lrg Closets. Finished Basement (Separate Entrance) With Rough-In Apartment (3Rd Bedroom), Huge Recreation Room, 3 Piece Bath & Rough-In Kitchen. Enclosed Front Mudroom, Fully Fenced Yard, A Diamond In The Rough With Possibilities Galore In Mature Established Location.**** Extras **** Included: Stove, Built-In Dishwasher (As-Is), C / Air, All Electrical Lighting Fixtures, Window Coverings, Shingles 2020, Garage Door Opener+ Remote Garage Door 2020, Furnace 2009, 2Windows 2013, 200 Amps Electrical Panel. Excluded: Hot Water Tank (Rental) (Id:23934)
CALL1.877.896.6727
Property Price
$799,888
Minimum Down Payment (%)
6.87%
Minimum Down Payment ($)
$54,989
Mortgage Insurance ($)
$29,796
Mortgage Required ($)
$774,695
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,473
Mortgage Insurance PST
$2,384
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,345
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,345
Monthly Payment
$3,043

Mortgages In Newmarket

Newmarket is a unique place to live for a variety of reasons yet entices home buyers from all over Canada and beyond! Newmarket is approximately a 45-minute public transit commute to Toronto (a huge perk!), there is just about any type of housing stock here including vacant land to build on, homes are affordable, and neighbourhoods are 'family-oriented'. There are countless parks, city-like amenities, great schools, excellent trails for cycling & walking, and top-notch golfing venues. If you have spotted a home that would be perfect for you, then why not use a Newmarket mortgage calculator to see just how much that home would cost you each month via a mortgage loan? There are choices when it comes to mortgage types, like an adjustable rate mortgage (reviewed regularly and your interest rate adjusts to the prime rate), a variable rate mortgage (your interest rate keeps pace with the prime rate) and a fixed rate mortgage (your interest rate is locked in for a certain term). There are other mortgage products like a hybrid mortgage (utilizes the benefits of both a fixed rate mortgage & a variable rate mortgage), and a conventional mortgage (substantial down payment of 20% or more). Therefore, this explains why a mortgage calculator is such a great tool!
Newmarket offers home buyers a well-balanced lifestyle and thus makes it a fantastic place to start or raise a family. After repeatedly using a mortgage calculator, you can sit down with a mortgage broker, your mortgage specialist at your bank or any other lender to ascertain your affordability for a new home. Keep in mind that the more risk you pose to the lender financially, the higher the interest rate will be imposed on you. Lenders want to see great credit, little debt, solid income, and a fat down payment with lots of money saved to spare for closing costs. You will have moving expenses too, new utilities hookup, land/property taxes to pay, and maybe be asked to insure the mortgage loan itself, besides obtaining insurance for your home & property if applicable. Do you get the mortgage loan put into your hands and then you make an offer on a home? No. You will have to have a lawyer who (if you are approved for a loan) will hold the loan funds in trust. Do you need a real estate agent? Having a professional realtor work on your behalf is a personal choice, but advisable as realtors know every detail involved in purchasing a home.