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

*Immaculate 4 Bedrooms Detached In Prestigious Neighbourhood * Approx 2500Sq.Ft * Tons Of Great Features: 9' Ceiling On Main Floor, Service Stair To Basement, Hardwood Floor T / O, Oak Staircase, Indoor Access To Garage, Bright Eat-In Kitchen With Pantry, California Shutters On Main Floor, Spacious Master Bedroom With 4Pc Ensuite And Walk-In Closet * Mins To Upper Canada Mall, Schools, Restaurants And Shops. Close To Hwy 404.**** Extras **** All Existing: Fridge, Stove, Dishwasher, Washer, Central Air Conditioning, Water Softener, Hot Water Tank( Rental) (Id:23934)
CALL1.877.896.6727
Property Price
$1,289,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$257,800
Best Mortgage Rate (%)
1.85%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$22,255
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$281,555
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$277,555
Monthly Payment
$4,292
Pride Of Ownership! Premium Lot In Stonehaven Community. This Spacious 105Feet Frontage, 4 +3 Bedroom,6 Bathroom More Than 5,000Sq.Ft. Of Spectacular Stone+Brick Exterior. Renovated Basement In 2018. Big Recreation Room With Ensuite Bathroom.3Bedroom With Living Room And Bathroom. This Is Truly A Place You Will Call Home! Luxury Living At Its Finest In Newmarket. 2018 Roof And Fully Fence.**** Extras **** Stainless Steel Fridge, Stove, Range Hood, Dishwasher.All Window Coverings. All Electrical Lighting Fixtures. Air Conditioner, Waterfilter / Softener. Hot Water Tank Is Rental. (Id:23934)
CALL1.877.896.6727
Property Price
$1,850,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$370,000
Best Mortgage Rate (%)
1.85%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$33,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$404,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$400,975
Monthly Payment
$6,160
Brand New Executive Three Bedroom Townhouse Located In High Demand And Desirable Community. This ""Bur Oak"" Model Is Approx. *1927 Square.Ft*. Very Spacious And Bright With Excellent Floor Plan. Gourmet Kitchen With Large Breakfast Area. Custom Glass Shower And Upgraded Window Coverings. Finished Lower Level With Walk Out. Close To All Amenities Including High-Ranked Newmarket High School, Parks, Shopping, Public Transit, Hospitals, And Highways. A Must See!!!!**** Extras **** Top Of The Line Stainless Steel Fridge, Stove And Dishwasher. Upgraded Railings On Staircases, Hardwood On Main Floor, Electric Fireplace, 9Ft Ceilings On 2Nd Floor. Automatic Garage Door Opener. (Id:23934)
CALL1.877.896.6727
Property Price
$749,900
Minimum Down Payment (%)
6.67%
Minimum Down Payment ($)
$49,990
Best Mortgage Rate (%)
1.85%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$11,473
Mortgage Insurance PST
$2,240
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$65,203
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$61,203
Monthly Payment
$3,030
Check Out This Fabulous 3+1 Bedroom 4 Baths Detached Home Located In Sought After Woodland Hills. Main Floor Boasts Hardwood Floors, Dining Room With Coffered Ceilings, Eat-In Kitchen With Stainless Steel Appliances And Family Room With Cathedral Ceilings. Upstairs Includes Large Master With Walk-In Closet And Ensuite Plus The Additional 2 Large Bdrms. Prof Finished Basement With Wet Bar, 4Th Bedroom, And Ample Storage. Professionaly Landscaped Front & Back With Nothing Left To Do But Move In.**** Extras **** Includes: All Existing Stainless Steel Appliances, Washer & Dryer (2Nd Floor Laundry), All Window Coverings, All Electrical Light Fixtures, Gazebo, Central Vac, & Accessories. (Id:23934)
CALL1.877.896.6727
Property Price
$819,000
Minimum Down Payment (%)
6.95%
Minimum Down Payment ($)
$56,900
Best Mortgage Rate (%)
1.85%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,855
Mortgage Insurance PST
$2,439
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$73,694
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$69,694
Monthly Payment
$3,299
Professionally Renovated From Top To Bottom Including Open Concept Kitchen With Centre Island And Granite Counter-Top, Newer Hardwood Floors, 200 Amp Electric Panel And Wiring, Updated Window, Front / Back / Garage Doors, Tastefully Upgraded Lighting Fixtures Including Led Pot Lights. Newer Air Conditioner And Furnace (5 Yrs). Located In A Quiet Neighborhood But Also Convenient - Walk To Malls, Restaurants, Parks And Schools.**** Extras **** !!= 3D Virtual Tour =!! Stainless Steel Samsung Appliances Including Counter-Depth 4Door Fridge, Stove, Microwave, Built-In Dishwasher, Washer, Dryer, Furnace, Air Conditioner (Id:23934)
CALL1.877.896.6727
Property Price
$748,000
Minimum Down Payment (%)
6.66%
Minimum Down Payment ($)
$49,800
Best Mortgage Rate (%)
1.85%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$11,435
Mortgage Insurance PST
$2,234
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$64,969
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$60,969
Monthly Payment
$3,022

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.