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

Stunning All Brick Executive Home In The Exclusive Buckingham Gates Community. Premium 87 Foot Wide Lot Backing Onto Greenspace, Complete Privacy In The Professionally Landscaped Backyard Oasis. Walkout Basement Boasts A Second Kitchen And Bonus Inlaw Suite. 4Th Bedroom Has Been Added To A Huge Master Bedroom Retreat, Easily Converted Back. Gleaming Hardwood Throughout This Well Cared For Home.**** Extras **** 9 Ft Ceilings, Interlock Driveway, Insulated 3 Car Garage, Landscape Lighting, Sprinkler System, Granite Countertops, 16 * 22 Ft Cedar Deck Overlooking The Private Grounds. (Id:23934)
CALL1.877.896.6727
Property Price
$1,674,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$334,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,339,920
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$29,973
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$366,453
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$362,453
Monthly Payment
$7,483
This Desirable 2 Bed / 2.5 Bath,1100+Square Feet, End Corner Suite At The Market District Towns Is Perfect For Your Busy Lifestyle. Mins To 401 / 407,Pickering Twn Ctr & Go Stn, It's Ultra Convenient. Built 2019 By Icon Homes, This Bright & Sunny End Corner Suite Includes $1000'S In Upgrades: Smooth Ceilings, Modern Flooring, Potlights, Granite Counters, Breakfast Bar, Ceiling Height Kitchen Cabinets & More. Easy Barbeque'ing On The Patio. Status Cert & Tarion Warranty Avail.**** Extras **** Stainless Steel Refrigerator, Stainless Steel Stove, Dishwasher ,Stackable Washer / Dryer, Electric F / P,1 Underground Pkg. Seller Will Cover New Owners First 6 Months Of Condo Fees!! Full Feature List Avail. Tankless Hot Water Dual / Heating System Rental $79.+Hst. (Id:23934)
CALL1.877.896.6727
Property Price
$724,900
Minimum Down Payment (%)
6.55%
Minimum Down Payment ($)
$47,490
Mortgage Insurance ($)
$27,096
Mortgage Required ($)
$704,506
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,973
Mortgage Insurance PST
$2,168
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$62,131
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$58,131
Monthly Payment
$3,935
Highly Desirable South Facing Suite At San Francisco By The Bay! Ideally Located Steps To Pickering Go Station, Transit, Hwy 401, Pickering Town Centre & Other Shopping, Restaurants And Waterfront. Fantastic One Bedroom With Parking & Locker, Clear Views & Efficient Layout. The Suite Boasts Granite Counters, Stainless Steel Apliances, Laminate, Ensuite Laundry. A Haven Of Amenities Include : Concierge, Indoor Pool, Gym, Party Room, Rooftop Terrace, Guest Suite And More!**** Extras **** Stainless Steel Fridge, Stove, Dishwasher, Microwave, White Stacked Washer & Dryer, All Elf's And Window Coverings (Id:23934)
CALL1.877.896.6727
Property Price
$510,000
Minimum Down Payment (%)
5.10%
Minimum Down Payment ($)
$26,000
Mortgage Insurance ($)
$19,360
Mortgage Required ($)
$503,360
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,675
Mortgage Insurance PST
$1,549
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$35,724
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$31,724
Monthly Payment
$2,811
Nicely Nestled In The Heart Of Amberlea Pickering Boasting Fully Landscaped Wonderful Manicured Lawns, This Fully Detached 3 Bedroom Plus 4 Bath Is Perfect For The Growing Family. Featuring A Finished Basement, Main Floor Family Room With Fireplace, Walkout From Updated Kitchen To The Beautiful Private Backyard With Interlock Patio, Updated Windows, Furnace, Central Air Conditioner And Roof. Conveniently Close To All Amenities Including Walking Distance To Shopping, Transit, Restaurants, Parks, Highbush Public School, St Elizabeth Seton School District, Dunbarton And St Mary's High School. Also Very Easy Access To 401, 407 & The Go Station.**** Extras **** Include Current ""As Is"" Fridge, Stove, Built In Dishwasher, All Elf's, All Window Coverings, Washer, Dryer, Central Air Conditioning, Garage Door Opener And Remote Plus Garden Shed. (Id:23934)
CALL1.877.896.6727
Property Price
$875,000
Minimum Down Payment (%)
7.14%
Minimum Down Payment ($)
$62,500
Mortgage Insurance ($)
$32,500
Mortgage Required ($)
$845,000
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,975
Mortgage Insurance PST
$2,600
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$80,575
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$76,575
Monthly Payment
$4,719
Attention Builders, Flippers And Those With Vision. With A Little Effort And Imagination This Could Be Your Dream Home. Keep Your Boat A Few Steps From Your Front Door. Imagine Living On The Water In The Gta. The Foot Print Is 40X40 For The Existing Home.**** Extras **** 1 / 5Th Ownership In The Street And Waterfront. Street Is Privately Owned By The 5 Adjoining Homes. (Id:23934)
CALL1.877.896.6727
Property Price
$975,000
Minimum Down Payment (%)
7.44%
Minimum Down Payment ($)
$72,500
Mortgage Insurance ($)
$36,100
Mortgage Required ($)
$938,600
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$15,975
Mortgage Insurance PST
$2,888
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$92,863
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$88,863
Monthly Payment
$5,242

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.