Vaughan 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 Vaughan 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

Vaughan Mortgage Calculator Examples

Finest Example Of High-End Home With Years Of Excellent Care & Love Beatifully Situated In The Most Prestigious Upper Thornhill Estates Community! This Stunning Family Home Offers 3,853 Square.Ft.Of Luxurious Living Space Plus Unspoiled Basement With Extra Large Windows On South Side & 3 Car Tandem Garages. Added Approx 300K Upgrades For Extra Upscale Gormet Kitchen, Top Tier Quality Floors & Spa Like Bathrooms. Soaring Approx 19Ft Ceilings In The Foyer, Living & Grand Family Rooms, 9Ft Ceilings In All Floors. Upgraded Spiral Staircase From Main To 2Nd Floor, Additional Service Stairs To The Basement, California Shutters Through / O. Sunny South Facing Front Side Brings Lots Of Natural Lights With Warmth & Welcoming Feelings, Real Pro-Lanscaped Front & Back Yard With Beautiful Trees & Flowers, Extensive Use Of Interlocking Stones For Walkways & Patio. Huge Enjoyable Deck From Breakfast Area Over Looks Half Green Area. 1 Min Walk To Trails, Short Walk To Schools, Parks & Transit.**** Extras **** Priced To Sell!! (Id:23934)
CALL1.877.896.6727
Property Price
$2,588,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$517,600
Mortgage Insurance ($)
$0
Mortgage Required ($)
$2,070,400
Best Mortgage Rate (%)
4.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$51,175
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$570,275
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$566,275
Monthly Payment
$12,030
Reside In An Exclusive Enclave Of Executive Residences Nestled In Downtown Maple, Conveniently Located At Keele & Major Mackenzie. Enjoy Close Proximity To The Maple Go Station And A Plethora Of Sought-After Amenities. 5 Saint Julien Court Boasts 3 Bedrooms, 2.5 Baths, And Features Engineered Flooring And Top-Tier Finishes Throughout. Indulge In The Luxury Kitchen Equipped With High-End Appliances Including A Wolf Gas Range And Panelled Sub Zero Fridge, Complemented By A Spacious Island And Under Cabinet Lighting. Unwind By The Built-In Fireplace In The Living Room Or Entertain Guests In The Family Room With A Walk-Out To The Rear Yard. The Recently Landscaped Backyard, Complete With A Newly Installed Fence, Provides An Ideal Setting For Hosting Unforgettable Summer Gatherings. Embrace The Allure Of This Historically Charming Village Make It Your Home Today!**** Extras **** Fridge, Stove, Dishwasher, Washer, Dryer, Garage Door Opener (Id:23934)
CALL1.877.896.6727
Property Price
$999,000
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,900
Mortgage Insurance ($)
$36,964
Mortgage Required ($)
$961,064
Best Mortgage Rate (%)
4.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,455
Mortgage Insurance PST
$2,957
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,812
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,812
Monthly Payment
$5,584
Stunning Suite With Bright, Open Concept, Lots Of Closet Spaces, Laminate Flooring Throughout. A Must-See-For-Yourself To Believe! Upgraded Kitchen Cabinets, Quartz Counter Tops, Backsplash, Stainless Steel Appliances, Zebra Blinds, Through Out With Remote In Living Room Area,(Blk Out / Bdrms) Wall To Wall Custom Bookcase In Den.,Ensuite Laundry. 2 Ungrnd Prk Spts. Sauna, Swim Pool, Prty Room, Gym &Yoga Room. Steps To Subway, Shops & Major Highways. Pets Allowed.**** Extras **** Fridge, Stove, Built-In Microwave Hood Fan, Built-In Dishwasher, Washer & Dryer. All Electrical Lightfixtures, Zebra Window Blinds Thru-Out With Remote For Living Room Area. Custom Bookcase In Den & Primary Bedroom. (Id:23934)
CALL1.877.896.6727
Property Price
$899,000
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,900
Mortgage Insurance ($)
$33,364
Mortgage Required ($)
$867,464
Best Mortgage Rate (%)
4.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,455
Mortgage Insurance PST
$2,669
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,524
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,524
Monthly Payment
$5,040
The One You've Been Waiting For: Panoramic Views Of Old Woodbridge, A Bright, Spacious, Freshly Painted, Very Clean, Large 1+1 Bedroom With Walk Closet, Living Room To An Oversized Balcony With Gas Barbeque H / Up Ample Space For Outdoor Furniture. Marble Counter Stainless Steel Appliances, Full Walk-In Laundry Room Storage Locker, And One Parking Spot Steps To Market Lane. (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 (%)
4.99%
Mortgage Type
5 Years Fixed
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
$3,414
Elegantly Finished Home On A Spectacular Oversized Corner Lot In The Prestigious Patterson Neighbourhood. Hardwood Flooring Throughout With An Abundance Of Natural Sunlight. High End Light Fixtures And Designer Window Coverings Add To A Luxurious Atmosphere. Gourmet Kitchen Featuring Top Of The Line Stainless Steel Appliances And Walk Out To An Incredible Backyard Oaisis. The Heated Salt Water Pool With A Separate 7 Person Spa As Well As A Lounge Area With A Cozy Gas Firepit Provides An Exceptional Outdoor Entertainment Experience. There Is Also A Gas Line Barbecue Hook Up In The Backyard For The Resident Grill Master. An Inground Sprinkler System Provides Added Convenience. The Fully Finished Basement Provides Additional Living Space Perfect For An Extended Family, Personal Gym Or A Home Based Business Office. There Are No Sidewalks Bordering The Property Which Provides An Added Element Of Privacy And Convenience Of Not Having To Shovel Snow. Open House Saturday And Sunday 2Pm To 4Pm.**** Extras **** The Second Floor Laundry Room With A Top Of The Line Washer And Dryer Provides An Added Level Of Convenience And Luxury. New Roof In 2021, New Pool Equipment In 2021. This Property Has Been Meticulously Cared For And Will Not Disappoint. (Id:23934)
CALL1.877.896.6727
Property Price
$1,950,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$390,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,560,000
Best Mortgage Rate (%)
4.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$35,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$426,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$422,975
Monthly Payment
$9,064

Mortgages In Vaughan

A rich fusion of desirable conveniences & niceties awaits home buyers in the city of Vaughan! Armed with a wealth of diverse real estate opportunities, home buyers will quickly see that the surroundings that encompass these great neighbourhoods are abundant in explorable parks & conservation areas, golfing venues, excellent amenities, handy transportation methods and kid-friendly schools. Scaling all levels of budgets, the realty in this city is not only affordable, but offers a wide swath of choices. By using a Vaughan mortgage calculator, buyers can source the bottom line when it comes to blending the purchase price, amortization & interest rate into the mortgage calculator (found online on bank websites & miscellaneous websites). Some calculators also factor in property taxes, annual income, insurance fees and more. Banks offer many useful tools via their websites to aid home buyers further in their search for mortgage-related matters, like comparing mortgage products, mortgage pre-approval, and in-depth information on home equity, and so on. There is no time like the present to dive into the world of facts when it comes to mortgage loans, such as "what kind of lenders are available outside of regular banks" and the 'ins & outs' of mortgage products. Knowledge IS power in this case!
Mortgage products that are associated with mortgage loans can be a bit confusing for some home buyers, but it is always a smart strategy financially to know what mortgage product will work the hardest for your new home investment. By utilizing a mortgage calculator, you have discovered how to tweak the financial information repeatedly to gain the right bottom line or monthly payment you had in mind. Now for the nitty-gritty facts of mortgage loan products.. For a secure mortgage that the interest rate does not fluctuate/is locked in... this is called a fixed rate mortgage. For a mortgage that the interest rate keeps pace (up and down) with the market trends... this is called a variable or adjustable rate mortgage. Some mortgages can be open mortgages (there is no penalty for paying off the mortgage loan early), and some can be closed mortgages (zero negotiating; the contract terms and interest rate are locked up for the whole amortization period). Now comes the consideration towards your down payment. Is it around or more then 20% of the home's value? If so, then you will have a low ratio mortgage. If your down payment is substantially less then 20%, then you will have a high ratio mortgage. Keep in mind that the larger the down payment on a Vaughan home, the less money is borrowed.
The monthly payments on a mortgage loan can be broken up into bi-weekly, semi-monthly, or monthly payment periods over the amortization schedule. Think of a mortgage loan this way; it is like any other kind of loan, which means the more money you pay on it and the higher the frequency of payments, the sooner it will be paid off. Vaughan lenders want you (the borrower) to be motivated in paying your mortgage loan off as fast as possible (which relieves THEM financially), but on the flip side, some lenders want to 'make their money' off you and try to push an extended amortization period. This is where you might have a lender talk to you about mortgage loan insurance (that's right; you may have to get insurance for your mortgage loan to protect the lender in case you default on the loan). You can probably now see how beneficial a mortgage calculator is, as some of these calculators can factor in additional information like insurance & taxes. The amortization period (sometimes called the maturity date) can seem far away after purchasing a new home, but there is a silver lining in that you are making your money work harder for you, and you are simultaneously growing equity each year.