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

Stunning Luxury Townhouse Located On A Private Court Overlooking Breathe Taking Pond And Ravine Views. This Property Has The Look And Feel Of A Detached Home At A Fraction Of The Price. Large Open Concept Floor Plan With 10' Ceilings On Main, Combined Living And Dining And Extra Large Eat In Kitchen With Walkout And Views Of The Ravine. 3 Extra Large Bdrms With Huge Master, Ensuite And Walk-In Closet. Large Basement With Walkout To Yard.**** Extras **** Just Painted And Modernized This Property Is Priced To Sell. Include Stainless Steel Fridge, Stove Built-In Range And Dishwasher, Washer Dryer All Electric Light Fixtures (Excluding Dining) And Window Covering (Id:23934)
CALL1.877.896.6727
Property Price
$899,900
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,990
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,473
Mortgage Insurance PST
$2,672
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,635
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,635
Monthly Payment
$3,757
Welcome To 135 Monte Carlo Dining Room - Wow! Meticulously Clean & Very Well Kept By Original Owners. One Of The Best Layouts In Sonoma Heights Apprx 2,010 Square Feet With 3 Bedrooms 4 Bathrooms 9Ft Ceilings, With Finished Basement. Large Rooms T / O With With Tall Ceiling & Windows In Living Room Overlooking The Picturesque Backyard. Walk-Out To Backyard Deck & Watch The Kids Play On The Play Set! Finishes Include Hrdwd, Parquet & Ceramic Floors T / O, Crown Moulding & Pot Lights.**** Extras **** Stainless Steel Fridge, Stove, Dishwasher, Clothes Washer / Dryer. Playset In The Backyard. Garage Door Opener & Remotes. All Electrical Lighting Fixtures, Window Coverings & Blinds. Gas Line In Back. Newer Furnace (Rental) & Hot Water Tank (Owned). Roof & Driveway 2019. See Iguide Tour For Measurements (Id:23934)
CALL1.877.896.6727
Property Price
$899,000
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,900
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 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
$3,753
Rarely Offered Unique, Upgraded & Reconfigured To 3500 Sf. See Attached., Overlooking The Pond. Custom Kitchen Cab., Gaggenau Appl's, Wine Fridge, Steam Oven, Granite Counters Onyx / Glass Backsplash, Fmly Room Gas F / P, Display Swarovski Showcase With Built-In Cabinets, Main Flr Office With Cabinets,, 2Nd Flr Lndry Room, Custom Mud Room Cab., Entry Door, Marble Foyer Flrs, Closet Organizers, Potlights, Walk-Out Basement, Oversized Lot, Deck, Awning, Upgraded Door Handles,**** Extras **** All Gaggenau Top Line Built-In Stainless Steel App., Included: Fridge, Wine Fridge, Steamer, Oven, Gas Cook Top Coffee Machine, Island Exhaust Fan, Dish, Samsung F / L With D, Central Vacuum, Garage Door Opener + 2 Rmts, All Exstng Elf's & Window. Cverngs, Awning, Barbeque Gas, Alarm, Sprinkler System (Id:23934)
CALL1.877.896.6727
Property Price
$1,598,800
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$319,760
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$28,451
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$349,711
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$345,711
Monthly Payment
$5,534
Priced To Sell. Amazing Home In High Demand West Woodbridge. 5000 Square Feet Of Living Space With 4+1 Spacious Bedrooms,Large Family Room(25Ftx18ft). Biggest Lot In The Neighborhood(Refer Survey). Recently Renovated ,New Kitchen,Hardwood,New Floors, New Windows , New Furnace,New With Rs ,Huge Backyard With Large Deck, Interlocking Pathways,Multiple Sheds & Vegetable Garden.Custom Built Home.Finished Basement With Separate Entrance,Can Be Converted To 3 Bedroom Apartment.**** Extras **** Seller May Offer 1St Mortgage To Qualified Buyer. Price Includes Stainless Steel Stove (Gas)/Oven, Built-In Dishwasher, Refrigerator, Washer & Dryer, Elf's. 2 Wood Burning Fireplaces. Cvc ,Sprinkler System. Garage Door Openers, Hot Water Tank Owned. (Id:23934)
CALL1.877.896.6727
Property Price
$1,299,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$259,800
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 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
$4,496
Welcome To Vellore Village! This Detached Home Is Situated On A Quiet Street Near A Ravine With An Above Ground Pool. No Direct Neighbour On The South Side And No Sidewalk! 4 Bed , 4 Bath With A Finished Basement. Hardwood Floors Throughout Main. Dishwasher (2019) Roof (2018) Front And Garage Door (2018) Kitchen Refaced (2017) Close To Highway 400 And A Plethora Of Amenities Including: Shops, Schools, Parks And Restaurants.**** Extras **** Fridge, Stove, Dishwasher, Air Conditioner, Furnace. Range Hood, All Electrical Light Fixtures. Central Vacuum, Pool And Attachments. (Sellers Willing To Remove Pool) (Id:23934)
CALL1.877.896.6727
Property Price
$1,190,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$238,000
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$20,275
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$259,775
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$255,775
Monthly Payment
$4,119

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.