Whitby 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 Whitby 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

Whitby Mortgage Calculator Examples

Stunning Executive Tribute Townhome In Family Friendly Brooklin. 5 Yrs New! Gourmet Kitchen With Quartz Countertops & Centre Island. Stainless Steel App. Undermount Sink. 8' X 8' Sliding Glass Doors Lead To Private Oasis - 230 Square. Ft. Deck With Gas Line For Barbeque. 9 Ft Ceilings With Pot Lights On Main Floor, Smooth Ceilings Throughout. Oak Hardwood Throughout Main Floor. Oak Stairs With Wrought Iron Pickets. Cozy 2-Sided Fireplace. Master Bedroom Retreat With 4 Pce Ens & Walk-In Closet.**** Extras **** Finished Recreation Room & Access To Dbl Car Garage. California Shutters Throughout. Nest T-Stat. Security Cameras. Stacked With D. Dbl Closets. Buyer Agents & Buyers To Adhere To All Health & Safety Protocols As Outlined In Rlp Showing Policy. (Id:23934)
CALL1.877.896.6727
Property Price
$669,900
Minimum Down Payment (%)
6.27%
Minimum Down Payment ($)
$41,990
Mortgage Insurance ($)
$25,116
Mortgage Required ($)
$653,026
Best Mortgage Rate (%)
1.60%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,873
Mortgage Insurance PST
$2,009
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$55,372
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$51,372
Monthly Payment
$2,641
Stunning 4+1 Bedroom,4 Bath With Backyard Oasis Featuring Heated Inground Pool And Perennial Gardens. Extensively Upgraded Throughout, This Home Is Absolutely Move In Ready.Upgrades Include Kitchen,All 4 Bathrooms, Flooring, Trim, Windows,California Shutters And More. The Large Bright Eat-In Kitchen With Granite Countertops And A Sliding Glass Door Walkout To The Tremendous Backyard.The Master Suite Offers His And Hers Closets And A Spa Like Master Bath.**** Extras **** The Finished Basement Offer An Extra Bedroom, 3Pc Bath And Huge Recreation Room With Wet Bar. Pool Pump And Heater Replaced (2019) Exclude: Stained Glass Above Front Door And Gazebo. (Id:23934)
CALL1.877.896.6727
Property Price
$925,000
Minimum Down Payment (%)
7.30%
Minimum Down Payment ($)
$67,500
Mortgage Insurance ($)
$34,300
Mortgage Required ($)
$891,800
Best Mortgage Rate (%)
1.60%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,975
Mortgage Insurance PST
$2,744
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$86,719
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$82,719
Monthly Payment
$3,606
Click On Virtual Tour To Walk Through This Home. Click On Realtor's Link For Floor Plans & Feature Sheet. See Attached For List Of Upgrades & Improvements. Stunning 3 Bedroom Townhouse With Thousands Spent On Upgrds & Imprvmnts. Close To All Amenities, Situated On A Lrg Lot With No Neighbours Behind. Family Size Kitchen With Solid Walnut Cabinets, Stainless Steel Undermount Sink, Ceasarstone Countertops & A Brkfst Area With With Out To A Patio With Pergola & Lots Of Privac**** Extras **** The Family Room Features An Accent Wall & Upper Level Boasts Of 3 Lrg Bedroom Inc A Master Suite With With In Closet & Upgraded Spa-Like Ensuite Bath. Too Many Upgrades To List. Dcecc 272 Potl Fees Cover Snow Removal, Landscaping & Garbage Pick Up. (Id:23934)
CALL1.877.896.6727
Property Price
$649,000
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$39,900
Mortgage Insurance ($)
$24,364
Mortgage Required ($)
$633,464
Best Mortgage Rate (%)
1.60%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,455
Mortgage Insurance PST
$1,949
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,804
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,804
Monthly Payment
$2,562
Absolutely Stunning Family Home In Prestigious & Highly Sought Out Williamsburg Neighborhood! This Elegant 4+1 Home Has Formal Living And Dining Room With Gleaming Hardwood Floors. Spacious And Cozy Family Room Is Open And Overlooking From Upstairs. Family Size Kitchen With Walk-Out To Spacious Back Yard With Stone Patio. Bright & Spacious Finished Basement Perfect For Entertainment. Walk To Schools, Parks & Just Mins To Hwy 401 / 407 / 412.**** Extras **** Stainless Steel Fridge, Stainless Steel Stove, Stainless Steel Built-In D / With Washer, Dryer, All Electric Light Fixtures, Hot Water Yank Owned, Central Vacuum. (Id:23934)
CALL1.877.896.6727
Property Price
$929,888
Minimum Down Payment (%)
7.31%
Minimum Down Payment ($)
$67,989
Mortgage Insurance ($)
$34,476
Mortgage Required ($)
$896,375
Best Mortgage Rate (%)
1.60%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$15,073
Mortgage Insurance PST
$2,758
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$87,320
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$83,320
Monthly Payment
$3,625
Attention Investors And First Time Buyers! Solid 3 Bedroom Bungalow Townhouse In A Terrific Whitby Location. Could Use Some Cosmetic Updating. Flexible Immediate Possession Available. (Id:23934)
CALL1.877.896.6727
Property Price
$339,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,995
Mortgage Insurance ($)
$12,916
Mortgage Required ($)
$335,821
Best Mortgage Rate (%)
1.60%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,574
Mortgage Insurance PST
$1,033
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$23,102
First Time Home Buyer
Land Transfer Tax Credit
-$3,574
Cash Needed
$19,528
Monthly Payment
$1,358

Mortgages In Whitby

What's not to love about the city of Whitby? It is super-charged for families with children, singles & couples with a thriving economy, urbanistic-designed transportation & amenities, as well as proximity to the waterfront of Lake Ontario. Boasting a higher quality of life, the neighbourhoods in this city play host to superb quality real estate and friendly next-door neighbours, while at the same time providing a small town kind of vibe! While perusing the MLS listings for this city, why not take advantage of the Whitby mortgage calculator? A mortgage calculator has tremendous benefits in store for you, with the most important being that it gives you the answers you are looking for to the 'affordability' questions. You can enter simple information like the amount of the mortgage loan you would like to borrow, the interest rate that you think will apply to the loan, and the number of years that you feel it will take to pay back the loan. There are advanced calculators that can work in information like a down payment that you have tucked away, compare mortgage loan types, consider extra taxes, insurances, and even work out your amortization schedule. You basically want to know how the calculator brings you to that monthly payment amount by breaking down important pieces of information.
Whitby is a fantastic city to invest in a new home, but which mortgage product is going to work well for you? You have already seen (via the mortgage calculator) how the bottom line or monthly payment is derived, so now it is time to get to know mortgage loan types. The most popular and common kinds of mortgage products are a conventional mortgage (offered when a substantial down payment is available), an adjustable rate mortgage (loan interest rate is set with the prime rate & checked regularly for fluctuations which will affect your monthly payment & interest rate), and a variable rate mortgage (loan interest rate is set with the prime rate but does not change the monthly payment; the change is applied to the principal). Once called a 50/50 mortgage (now a hybrid mortgage), this product applies both the variable rate & fixed rate. A fixed rate mortgage is the most popular mortgage product because, if a great interest rate can be obtained, it will lock in or become fixed for an agreed-upon term. There are low ratio mortgages (less risk to the lender) and high ratio mortgages (increased risk to the lender). You may qualify for an open mortgage (option for early payoff) or a closed mortgage (locked in terms of contract).