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

Beautiful Semi-Detached House In The Prestigious Neighborhood Of Vellore Village. Beautiful Open Foyer And Main Floor Laundry With Access To Garage. The House Features Beautiful Kitchen With Upgraded Stainless Steele Appliances And Granite Counter Tops. Dining Area Adjacent To The Living Area With Fireplace. Beautiful Hardwood Floors On The Main. Separate Entrance To Professionally Finished Basement With Recreation Room And Full Bath With Glass Shower.**** Extras **** Stainless Steele Double Door Fridge, Dishwasher, Stove, Washer And Dryer, Central Air Conditioner, Garage Door Opener (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 (%)
1.64%
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
$3,524
Welcome To This Beautiful 1+1 Modern And Spacious Unit In The Fountains. This Unit Features 9 Foot Ceilings, A Large Den, Can Be Used As An Office / Guest Room. Stunning Unobstructed North + West Facing Nightly Sunset Views. Stainless Steel Appliances And Granite Counters. Close To Public Transit, Restaurants, Parks, Shopping, Schools Etc. Amenities Such As 24Hr Concierge, Indoor Pool, Gym And More!! 1 Parking & 1 Locker! Option To Keep Tv & Floating Wall Unit.**** Extras **** Stainless Steel Stove, Stainless Steel Fridge, Stainless Steel Dishwasher, Over-The-Range Microwave. All Electrical Light Fixtures. All Window Coverings. Washing Machine / Dryer. (Id:23934)
CALL1.877.896.6727
Property Price
$499,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,995
Mortgage Insurance ($)
$18,996
Mortgage Required ($)
$493,901
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,473
Mortgage Insurance PST
$1,520
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$34,488
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$30,488
Monthly Payment
$2,007
Surrounded By All Of Your Amenities Including Transit, Highways, Groceries & Restaurants. This Gorgeous 1+1 Bedroom Is Carpet Free & Features Modern Finishes Throughout, A Private Balcony & A Spacious Layout! The Building Offers State Of The Art Amenities Like An Indoor Pool, Hot Tub, Fitness & Yoga Centre, Sauna, Barbeque Terrace, Party & Media Rooms, Bocce Courts, Golf Simulator & Guest Suites. 1 Parking Spot Is Included.**** Extras **** Included: Fridge, Stove, Dishwasher, Microwave, All Electrical Light Fixtures & Window Coverings, Washer & Dryer (Id:23934)
CALL1.877.896.6727
Property Price
$549,900
Minimum Down Payment (%)
5.45%
Minimum Down Payment ($)
$29,990
Mortgage Insurance ($)
$20,796
Mortgage Required ($)
$540,706
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$7,473
Mortgage Insurance PST
$1,664
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$40,627
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$36,627
Monthly Payment
$2,197
Farm-Like Setting With A Stream Of Running Water At The Edge Of The Large Lot. Rare Opportunity To Own A Property With Endless Potential, Surrounded By Commercial / Industrial Establishments. Highway Signage Exposure In A Home Run Business. Currently Occupied By Excellent Long Term Tenants (Willing To Stay) Or Vacant Possession. Possibility Of Land Assembly With Adjoining Properties. Seller / Agent Do Not Warrant Retrofit Status Of The Basement.**** Extras **** 2 Stoves, 2 Fridges, Washer, Dryer And Light Fixtures Included. Hot Water Tank (Rental) One Of The Sellers Is Registered Real Estate Agent. 1949 Hwy. 7 Is For Sale As Well. Home Is Sold In As-Is Condition. Buyer / Agent Must Do Their Own Due Diligence. No Warranties Of Any Kind. (Id:23934)
CALL1.877.896.6727
Property Price
$1,299,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$259,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,039,200
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$22,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$283,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$279,755
Monthly Payment
$4,222
S-H-O-With S-T-O-P-P-E-R! Custom Built New Home, On Expansive Pool Size Lot. This Property Is In A Most Elite & Prestigious Area Of Kleinburg, Within Walking Distance To Downtown. Classic, Contemporary Architecture & Brilliant Design. Boasting Nearly 6000 Square.Ft. Soaring Ceilings, Elevator, Chef's Kitchen, With Island & Waterfall With Gran / Top,Spa Inspired Baths, Hardwood Floors, Laundry Shoot, Cantinas, Top Of The Line Appliances, Boasting The Finest Finishes + More!**** Extras **** All Light Fixtures, All Window Coverings, Built-In Fridge, Built-In Dishwasher, Gas Range & Hood, Security System, Air Conditioning, 2 Furnaces, Elevator, Garage Door Opener & Remotes. *-*-*View Extensive List Of Extras Under Attachments. (Id:23934)
CALL1.877.896.6727
Property Price
$4,480,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$896,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$3,584,000
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$98,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$995,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$991,975
Monthly Payment
$14,561

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.