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

Welcome To This 3+1 Bedroom Detached Home On A Quiet Street In The Heart Of Maple. Finish Basement, Family Sized Kitchen With California Shutters, Walk-Out To Fully Fenced Yard & Mature Trees. New Hardwood Floors (2019), Front & Back Interlocked With Remote Control Electric Awning. Custom Blinds , Across The Street From The Park. Walking Distance To Canada's Wonderland, Vaughan Mills, Future Site Of The Mackenzie Vaughan Hospital, Schools, Mins To 400, Go Station.**** Extras **** All Electrical Fixtures, All Window Coverings, Stainless Steel Fridge & Stove, Washer/ Dryer, Dishwasher, Central Air Conditioner, Garage Door Openers. (Id:23934)
CALL1.877.896.6727
Property Price
$998,800
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,880
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,451
Mortgage Insurance PST
$2,957
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,788
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,788
Monthly Payment
$4,064
Absolutely Exquisite 3 Bedroom End Unit Townhome In Thornhill Woods! Thousands Spent On Upgrades. Stunning Top To Bottom. Sun Filled- & Spacious Featuring Open Concept Living Space,Decorated With Designer Paint Colors. Hardwood Throughout Main, Custom Designed Raywall Kitchen With Breakfast Area & Walk-Out To Spectacular Private Yard Oasis. Unbelievable Master With Walk-In Closet. True Pride Of Ownership! Welcome To Your Dream Home!**** Extras **** Pls See Attachment For Full List. Stainless Fridge, Kitchenaid Gas Stve, Built-In Dishwsher, Microwve. Built-In Sound System, Washer & Dryer. Electrical Lighting Fixtures, Custom Shtrs, Light Fixtures, Trane Air Conditioner, Gas Burner, Central Vacuum, Backyrd Furniture. Too Much To List! (Id:23934)
CALL1.877.896.6727
Property Price
$999,900
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,990
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,473
Mortgage Insurance PST
$2,960
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,923
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,923
Monthly Payment
$4,069
Welcome To Kleinburg Crown Estates. This Stunning Stone And Brick 3050 Square Feet Home Sits On 42 X 116 Lot. This Gorgeous Home Features 2 Car Garage, Hardwood Floors, And Luxurious Upgrades All Throughout. Chef's Kitchen With Granite And Marble Countertops, Massive Master With 6 Piece Ensuite And Walk-In Closet And Organizers. This Home Is Completely Done And Ready To Enjoy. Definitely A Must See!**** Extras **** 2 Garage Door Openers, Stainless Steel Built In Fridge,Stove,Oven,Dishwasher,Microwave, Washer & Dryer.All Window Coverings, All Electrical Light Fixtures (Id:23934)
CALL1.877.896.6727
Property Price
$1,399,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$279,800
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$24,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$305,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$301,755
Monthly Payment
$4,734
Property Price
$475,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$23,750
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,975
Mortgage Insurance PST
$1,444
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$32,669
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$28,669
Monthly Payment
$1,985
Tunning 4 Bedroom Detached Executive Professionally Landscaped 60X125 Ft Lot. This Home Is Beautifully Upgraded, Crown Moulding, Hardwood Floors, Marble Flooring Through The Main Foyer And Kitchen. Granite Counter Throughout Main & 2Nd Flr, Built In Appliances, Completely Finished Basement With 2Nd Kitchen, Nannies Quarters And Gym. There Is Nothing In This House That Hasn't Been Renovated Completely Move In Ready. Central Location Close To All Amenities.**** Extras **** Stainless Steel Built In Fridge,Stove,Oven,Dishwasher,Hood Range,Microwave, Washer & Dryer.All Window Coverings & Rods. All Electrical Light Fixtures, Hot Water Tank (Rental),Security System (New Owner To Arrange Monitoring) See List Of Extras Attached (Id:23934)
CALL1.877.896.6727
Property Price
$1,699,800
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$339,960
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$30,471
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$371,931
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$367,931
Monthly Payment
$5,752

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.