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

Lovely Home, Spacious And Well Taken Care Of!! Recent Renovations Include Kitchen 10 Years Ago, Main Upstairs Bath 7 Years Ago, Roof 4 Years Ago. Solarium At Back Of House Overlooks Long Scenic Backyard To Greenbelt. Extra Long Backyard. You Will Love It!! Nicely Landscaped.**** Extras **** Stainless Steel(Fridge,Stove,Dishwasher,Fan). New Washer, Dryer, Central Air Conditioning, Central Vacuum, Garage Door Opener, Enclosed Front Porch, Water Softener, Humidifier, Shed, All Window Coverings, All Elf's, Rear In Ground Sprinklers. (Id:23934)
CALL1.877.896.6727
Property Price
$1,149,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$229,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$919,200
Best Mortgage Rate (%)
2.10%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$19,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$250,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$246,755
Monthly Payment
$3,937
Don't Miss This Beautiful And Completely Renovated Top To Bottom Condo! Promenade Towers At Bathurst & Clark! High Demand Thornhill Community. 2 Bedroom Plus Den, 2 Bthrm. Quality Finishings With Attention To Detail! Top-Of-The-Line Appliances, Waterproof Laminate! This Condo Has It All! Quality Blinds And Window Coverings, Crown Moldings, And Closet Organizers. Top-Of-The-Line Appliances! Truly A Turnkey Unit! Built-In Closets In Mb, Private 4 Piece Ensuite, Balcony Walkouts From Mb, And 2Nd Bedroom. Beautiful Updated Kitchen With Courts Counters And Backsplash! Close To Public Transportation, Walking Distance To Houses Of Worship, Highway, Shopping Community Centers, Schools, And Library.**** Extras **** Fridge, Stove, Microwave, Dishwasher, Washer, Dryer, All Electric Light Fixtures, All Window Coverings. (Id:23934)
CALL1.877.896.6727
Property Price
$799,000
Minimum Down Payment (%)
6.87%
Minimum Down Payment ($)
$54,900
Mortgage Insurance ($)
$29,764
Mortgage Required ($)
$773,864
Best Mortgage Rate (%)
2.10%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,455
Mortgage Insurance PST
$2,381
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,236
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,236
Monthly Payment
$3,314
Gorgeous 1 + 1 Bedroom Unit In Prime Thornhill Location. Pet Freindly. Sought After West Facing Unit, Faces Into A Quiet Courtyard. Renovated Kitchen With Brand New Vinyl Flooring, Granite Countertops, High Cabinets, Undermount Sink, Faucet, Backsplash, Potlights. Renovated Bathroom. Freshly Painted. Beautiful Private Balcony O / Looking Gardens. Access To Private Gardens, Park, School. Private Gate With Security. Den Currently Used As A 2Nd Bedroom. Close To All Best Amenities. Minute To Finch Subway Station. Ready To Move In.**** Extras **** Stainless Steel Fridge, Dishwasher, Stove, Hood, Front-Load Washer & Dryer, All Blinds, All Electric Light Fixtures. High Demand Louis Honore Frechette French Immersion Public School, Thornhill Public & Secondary Schools, Yorkhill Elementary School. (Id:23934)
CALL1.877.896.6727
Property Price
$588,000
Minimum Down Payment (%)
5.75%
Minimum Down Payment ($)
$33,800
Mortgage Insurance ($)
$22,168
Mortgage Required ($)
$576,368
Best Mortgage Rate (%)
2.10%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,235
Mortgage Insurance PST
$1,773
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$45,308
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$41,308
Monthly Payment
$2,469
Absolutely Stunning Rarely Offered Bungalow In Vaughan Mills/ Islington Woods. Recently Renovated This Home Is The One You Have Been Waiting For. Hardwood Flooring, White Kitchen, Potlights, Open Concept, 9' Ceilings, Fully Landscapped Front And Back. Seperate Entrance With Finished Basement. Laundry On Main Level. No Sidewalk. Gorgeous Street. Close To Shopping, Transit, Highways, Malls,Grocery Stores.**** Extras **** All Appliances, All Electrical Lighting Fixtures, Hot Tub, Newer Roof, Newer Furnace,Newer Ac. New Windows And Doors To Be Installed Prior To Closing. (Id:23934)
CALL1.877.896.6727
Property Price
$2,188,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$437,600
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,750,400
Best Mortgage Rate (%)
2.10%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$41,175
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$480,275
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$476,275
Monthly Payment
$7,497
Detached For A Great Price! Location, Character & Charm With A Great Floor Plan! Enjoy The Open Concept Kitchen With Quartz Countertops, 4 (3+1) Large Bedrms, 3 Updated Bathrms And The Family Room With Gas Fireplace & Vaulted Ceiling. You'll Love The Finished Basement With An Open Entertainment Area, 3Pc Bath & An Extra Large Bedroom. In All, 2,388 Square Feet With The Finished Basement (1,576 + 812). The Interlock Backyard Is Maintenance Free And The Driveway Has Been Widened To Fit 4 Cars. Located Across The Street From A Park And Just A Few Mins Walk / Drive To All Amenities: New Vaughan Subway, Restaurants, Shopping, Schools, Parks, Etc. Several Recent Updates. Be The Lucky One!**** Extras **** Roof-6Yrs, Furnace & Ac-2014, St St Appliances (Fridge, Stove D / Washer, Washer & Dryer) White Fridge & Chest Frzer In Garage, All Elf, All Wndo Covgs (Shutters 'As Is'), Cen Vac Roughed-In, Agdo With 1 Remote, , Hot Water Tank-R. (Id:23934)
CALL1.877.896.6727
Property Price
$1,328,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$265,600
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,062,400
Best Mortgage Rate (%)
2.10%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$23,035
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$290,135
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$286,135
Monthly Payment
$4,550

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.