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 Examples

Luxurious Home In A Great Location Thats Walking Distance To Go! Bright And Spacious,Open Concept Layout Of Approx 2000Sqft. Many Upgrades With Hardwood Flooring Throughout,Pot Lights,Smooth Ceilings On Main.Chef's Kitchen With Stainless Steel Appliances,Upgraded Cabinets And Granite. Finished.Basement With Walkout,Kitchen,Separate Laundry,In Law-Suite Or Income Potential.Enjoy Back Yard Entertaining On A New Large Deck And Maintenance Free Grass Turf. A Must See!**** Extras **** California Shutters, 2 X Stainless Fridge, 2 X Stainless Steel Stoves, 2 X Stainless Steel Dishwashers, 2 X Washers And 2 X Dryers (Id:23934)
CALL1.877.896.6727
Property Price
$969,900
Minimum Down Payment (%)
7.42%
Minimum Down Payment ($)
$71,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$15,873
Mortgage Insurance PST
$2,873
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$92,236
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$88,236
Monthly Payment
$4,179
Location! Located Near New Hospital, Schools, Parks, Shopping, Transit,Canada's Wonderland.Well Maintained Home In Demand Old Maple. 9Ft Ceilings.Smooth Ceiling. Double Door Entrance To 2 Storey Foyer With Sunlight. Double Garage With Inside Entry To Home And Separate To Basement . Lovely Renovated Backyard Playground. Newer Upgraded Kitchen Has Stainless Steel Appliances Facing To Family Room With Fireplace. Newly Renovated Basement With Fifth Bedroom And Bathroom.**** Extras **** Fridge, Stove, Washer, Dryer, All Light Fixtures, Garage Door Opener, Window Coverings, Laundry And Pool Table (Id:23934)
CALL1.877.896.6727
Property Price
$1,169,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$233,980
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$19,873
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$255,353
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$251,353
Monthly Payment
$4,188
**Greenbelt-Treed Lot! Absolutely Beautiful & Meticulously Maintained Family Home On Large Wooded Lot On 72' Premium Ravine Lot In Prestigious Patterson.Approximate[3059Sf(Main&2Nd)+1472Sf(Basement)+411Sf(Garage)], Bright, Spacious With Great Layout, Double Dining Room. Entry,2 Storey Grand Foyer,Main Flr Libr, Custom Eat-In Kitchen With Granite Counters&Centre Island,Hrdw Floor,Renov, Baths With Heated Flrs! Top Public,Catholic & French Immersion Schools,Park,407,Transit,Synagogue,Promenade**** Extras **** **Built-In Jenn-Air Appliances;[Fridge,Cooktop,Microwave,Owen,Dishwasher]And Samsung[Washer&Dryer],Closet Organizers, Garage Door Opener,Central Air Conditioning,Custom Drapes,Landscaping & Interlocked Driveway.Great Size Kitchen Combined With Breakfast Area.2Laundry Room(Main / Basement) (Id:23934)
CALL1.877.896.6727
Property Price
$1,638,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$327,600
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$29,235
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$358,335
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$354,335
Monthly Payment
$5,864
Entertainers Dream 3Car Garage Home With Custom Finishes T-Out Nestled On Quiet Crescent In Highdemand Vellorevillage! Offers 6,100+Sf Of Designer-Decorated Custom Space (4330Abovegrade)! Features Custom Eatin Kitchen With Porcelain Flrs, 9 Built-In High-End Appl-S, Batlers Servery,Granite C-Tops; Wainscoting; Flat 10' Ceil / Main, 9'/2Ndflr, 20'/Family; Hrdw & Custom Drapery T-Out;Circular Stairs With Custom Railings; 5 Custom Baths; Finished Basement With Home Theatre&Kitchen! See V-Tour!**** Extras **** 60'X130' Sidewalk Free Lot! 6Year New!Custom Entry Dining Room! Crystal Chandeliers & P-Lights! Ressessed Ceilings! Deck With Gazebo! 38""X48""Porcelain Flrs! Main Flr Office! Prof Finished Bsmnt!Electrical Lighting Fixtures.Stainless Steel Appl-S (Main & Bsmnt).With D. Steps To All Amenities! (Id:23934)
CALL1.877.896.6727
Property Price
$1,999,888
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$399,978
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$36,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$437,950
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$433,950
Monthly Payment
$7,159
Immaculately Maintained 3 Bedroom,3 Bathrooms Semi-Detached Home In Sonoma Heights For Sale! Large Rooms With Tons Of Windows Give You Lots Of Light And Make The Gleaming Parquet Floors Just Sparkle! Walkout From The Family-Sized Kitchen To The Huge Pie-Shaped Back Yard Just Waiting For Your Personal Touch. The Finished Basement With Pot Lights And Neutral Decor Is Ready For A New Family. Walking Distance To All Amenities**** Extras **** New Roof(2015) New Garage Door(2016) New Air Conditioner(2014) Newer Furnace Not More Than 5-6 Years Old. Basement Has Rough-In For Second Kitchen Or Bathroom.Included: Fridge, Stove, Microwave, Dishwasher, Washer, Dryer,Stand-Up Freezer, Gas Burner & Equipment (Id:23934)
CALL1.877.896.6727
Property Price
$850,000
Minimum Down Payment (%)
7.06%
Minimum Down Payment ($)
$60,000
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,475
Mortgage Insurance PST
$2,528
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$77,503
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$73,503
Monthly Payment
$3,676

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.