Pickering 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 Pickering 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

Pickering Mortgage Calculator Examples

Welcome To Amazing Less Than 5 Years Old Prestigious Waterfront Model Glen Rouge Home On A Prime Ravine Lot Approx 2700 Square.Ft. This 4 Bedrooms, 4 Bathrooms Home Has A Bright Open Concept Design, Oak Stairs, High Ceilings, Fireplace, Must See! Walk To Mosque, Church, Close To Hwy 401, 407, Mall, Go Train, Close To All Other Amenities And Much More !!**** Extras **** All Existing Electrical Lighting Fixtures, Stainless Steel Stove, Fridge, Built-In Dishwasher, Front Load Washers & Dryers, Central Air Conditioning, Versized Basement Windows, 3Pc Bath Rough-In Basement ** Tenants Willing To Move Out Or Stay ** Pls See Virtual Tour Of This Beautiful Home** (Id:23934)
CALL1.877.896.6727
Property Price
$1,179,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$235,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$943,920
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$20,073
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$257,553
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$253,553
Monthly Payment
$3,729
Welcome To This Gorgeous End-Unit 3 Bedroom, 3 Bath Townhome In The Stunning Chateau By The Park Community! Over 1600Sf Of Living Space. Freshly Painted. Hardwood On The Main. Brand New Carpet On Stairs & Second Floor! Gas Fireplace In Living-Room. Walk-Out To Garden Patio. 2Nd Floor Features A Large Master With Walk-In Closet, 2 More Sizeable Bedrooms & Laundry-Room. Basement Features A Recroom, Powderoom & Direct Access To 2 Car Parking Underground Garage!**** Extras **** Maintenance Fees Include Cable Package & Internet. Chattles Included: Stainless Steel Fridge, Stove, Dishwasher, Microwave, Washer(2020), Dryer, Window Coverings, All Light Fixtures. Hwh(Approx10 Yrs) Excluded: 3 Freezers In Basement (Id:23934)
CALL1.877.896.6727
Property Price
$649,900
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$39,990
Mortgage Insurance ($)
$24,396
Mortgage Required ($)
$634,306
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,473
Mortgage Insurance PST
$1,952
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,915
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,915
Monthly Payment
$2,506
Beautiful Kept Large 2 Bedroom Home. With A Great Entertaining Balcony. Two Good Sized Bedrooms With Two Full Bathrooms. Large Kitchen With Breakfast Bar & Newer Appliances. Upstairs Laundry Room. Great Family Neighbourhood, With Easy Access To Public Transportation, 401 / 407, Parks, Golf And Great Trails. Extra Deep Garage With Access Into House (Now A Finished Game Room)**** Extras **** Fridge('19), Stove('19), Washer, Dryer, Built-In Dishwasher('19), Built-In Microwave, Shutters, All Electrical Light Fixtures, Garage Door Opener, Rough-In Central Vac. Hot Water Tank(Rental $53.10 / Mth). Large Driveway, For 2 Cars. (Id:23934)
CALL1.877.896.6727
Property Price
$689,800
Minimum Down Payment (%)
6.38%
Minimum Down Payment ($)
$43,980
Mortgage Insurance ($)
$25,833
Mortgage Required ($)
$671,653
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$10,271
Mortgage Insurance PST
$2,067
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$57,818
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$53,818
Monthly Payment
$2,653
A Must See For First Time Home Buyers Or Downsizers! Beautifully Renovated Freehold Townhouse, 3 Bedrooms, Well Maintained, Irregular Wide Lot, In Pickering. Great Location, Close To Stores, Amenities & Hwy 401 Access. 12Ft Ceiling Living Room With Pot Lights, Walk-Out Access To Newly Built Deck. Fully Renovated Modern White Kitchen With Stainless Appliances, Center Island, Countertop & Backsplash. Dining Room With Crown Moulding & Glass Railing Overlooking Living Room...**** Extras **** Stainless Steel Gas Range, Hood Fan, Fridge, Dishwasher, Washer & Dryer. Brand New Furnace, Ac. $$$ Spent On Renovations. Upgraded Light Fixtures. Laundry Room With Additional Shower In Basement. Backyard Pergola. Beautifully Landscaped. Gas Line For Barbeque. (Id:23934)
CALL1.877.896.6727
Property Price
$599,900
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,990
Mortgage Insurance ($)
$22,596
Mortgage Required ($)
$587,506
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,473
Mortgage Insurance PST
$1,808
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,771
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,771
Monthly Payment
$2,321
Fall In Love & Buy 1603 Deerbrook Dining Room Today! This Stunning Turn Key Home Has Nothing Left To Do! Spectacular 4 Bedroom 4 Bathroom Home Will Impress You The Moment You Arrive. Sunken Double Door Formal Entryway Leads To Spiral Staircase 2 Story Foyer. Renovated Kitchen Features: All The Bells &Whistles. Open Concept Dining Room Overlooks Sunken Family Room With F / P &Walk-Out To Private Backyard. Formal Living Room With French Doors &Main Floor Study Is Perfect Office / Virtual Classrm**** Extras **** Huge Master Retreat Features: Spa Inspired Ensuite &Walk-In Closet. Generous Secondary Bedrooms With Double Closets +Renovated Main Bathroom. Finished Basement With 5Th Guest Bedroom, 3Pc Bathroom &Open Concept Recreation Room. *See List Of Upgrades* (Id:23934)
CALL1.877.896.6727
Property Price
$1,368,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$273,600
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,094,400
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$23,835
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$298,935
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$294,935
Monthly Payment
$4,324

Mortgages In Pickering

Sitting just east of Toronto but within an easy commute of it, the city of Pickering is highly desired by home buyers for its collection of micro-neighbourhoods (each with its own personality), city conveniences, and real estate price point flexibility. This city oozes suburban sophistication with its universities & schools, explorable parks & conservation area, golfing & boating opportunities and the overall sense of 'family-oriented'. The Pickering mortgage calculator is a very clever way of knowing if a mortgage loan is right for you by working out the monthly payment amount against the purchase price & interest on a desirable home. A mortgage calculator is not the only tool that you can access via the Internet about mortgage loans and the various mortgage products. First time home buyers have made the mistake of just 'jumping in' and rushing the mortgage process while not knowing very much about it. The best tip to all home buyers is... you should be somewhat knowledgeable about mortgage products, the different types of lenders that deal in mortgage loans, and understand how the interest rate percentage works. When you are armed with accurate information, speaking to lenders about a mortgage loan will be far more comfortable for you.
Mortgage products vary, each with its own list of criteria, terms, interest rate & amortization schedule. A mortgage loan can be either a financial solution for you or a heavy burden. Lenders want to see a sizeable down payment (20% or more of the value of the home), an excess of readily available funds for closing costs, a great credit rating, income stability and very little debt. Most home buyers have a tough time meeting the criteria that most lenders set, but there are entities that deal in mortgage loans for people that are not 'spec-perfect' (these lenders charge a higher interest rate because they are taking more risk with the borrower). Pickering is an affordable city because of its diverse real estate collection, so beginning with a mortgage calculator, you can yourself ascertain your affordability zone. The key here is to pay as little interest on your mortgage loan as possible and shorten the time frame in which you will carry the loan (this is save you loads of money). Some home buyers want to lock in a great interest rate, which would be a fixed rate mortgage. Other home buyers want the opportunity to have their interest rate go lower if the prime rate does, so they opt for an adjustable rate mortgage or a variable rate mortgage.