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 Examples

Attention Investors First Time Buyers !! Location Location Location Excelent 3 Bedroom,3 Baths Freehold,With Newer Kitchen , Close To The Marina And Lake,Access To Shops Go Station Recreation Center,Close To Hwy 401.Walk Out To Deck And Fenced Backyard,Newer Windows Make This Your Own With Your Personal Touches.**** Extras **** Stainless Steel Fridge, Stove,All Electrical Lighting Fixtures Gb&E Hot Water Tank Is A Rental Central Vac, Central Air. (Id:23934)
CALL1.877.896.6727
Property Price
$475,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$23,750
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 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
$2,031
Corvinelli Built Bungalow - Offers A Huge Eat-In Kitchen, Quartz Counters, Large Living Room / Dining Room Combo With Hardwood Floors, Two Generous Sized Bedrooms, 39-Foot-Long Recreation Room And Partially Finished Games Room. This Lovingly Maintained Home Is Located On A Well Landscaped Lot In A Preferred Whitby Location. Don't Miss The Main Floor Laundry, And Stairs From Basement To Garage. Trane Furnace And Air 2011, Shingles (Wilson) 2016.**** Extras **** Include: Fridge, Stove, Washer, Dryer, Dishwasher, Window Coverings, Light Fixtures, Central Air, 1 Garage Door Opener With 2 Remotes, Hot Water Tank (Owned). Exclude: 2Nd Bedroom Light Fixture. (Id:23934)
CALL1.877.896.6727
Property Price
$637,700
Minimum Down Payment (%)
6.08%
Minimum Down Payment ($)
$38,770
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,229
Mortgage Insurance PST
$1,917
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$51,416
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$47,416
Monthly Payment
$2,695
Stunning Melody Built ""Mcquay"" Model 4 Bedroom Home In Desirable Brooklin Community. Approx 3000 Square Ft Of Living Space With Soaring 9' Ceilings & Hrdwd Flrs. Gourmet Eat-In Kitchen Boasts Lrg Centre Island With Storage & Brkfst Area Overlooks Family Room & Has A Walk-Out Patio In The Fenced Bckyrd. Cozy Gas F / P In The Family Room. Formal Dining Room With Coffered Ceiling. Master Bedroom Features Walk-In Closet With Custom Closet Organizers & 5Pc Ensuite With His & Hers Sinks, Corner Soaker Tub & Separate Shower.**** Extras **** Finished Basement Features Open Concept Recreation Room With Pot Lights & Upgrd Laminate Flrs. Please See Attached For List Of Inclusions & Upgrades. Click On Realtor's Link For 3D Tour, Virtual Tour, Floor Plans And Feature Sheet. (Id:23934)
CALL1.877.896.6727
Property Price
$879,900
Minimum Down Payment (%)
7.16%
Minimum Down Payment ($)
$62,990
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,073
Mortgage Insurance PST
$2,614
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$81,177
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$77,177
Monthly Payment
$3,676
Wow Wow Wow!! Have You Ever Been In A Home Where Everything Just Fits? One Of A Kind; Welcome To 10 Florence Dining Room!!!!!! Almost 3000 Square Feet Home With An Absolute Amazing Layout. Some Architects Are Really Good!!!! This 4 Brm 4 Bath Home Also Has A 5Th Brm And 5Th Bath In The Basement, Big Eat In Kitchen, Beautiful Stainless Steel Appliances, Dining Room, Living Room, Family Room With Fire Place, Main Floor Laundry, Gleaming Hardwood Floors Through Out.**** Extras **** Please Look At The Video Link! As If That Is Not Enough, It Also Has A 2 Car Garage, Huge Back Yard, Pie Shape Lot. Top It All, This Home Is Located At Taunton And Baldwin, A Few Min To Almost All Amenities You May Need Schools, Park Etc.... (Id:23934)
CALL1.877.896.6727
Property Price
$980,000
Minimum Down Payment (%)
7.45%
Minimum Down Payment ($)
$73,000
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,075
Mortgage Insurance PST
$2,902
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$93,477
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$89,477
Monthly Payment
$4,081
Don't Miss This One! Very Well Maintained Gem Located In An Amazing Well Established Family Neighborhood Offers A Great Opportunity For The First Time Buyer. Home Is Situated On A Great Lot On A Low Traffic Street With No Sidewalks - Allowing 4 Vehicle Driveway Parking + Single Car Garage! This Beautiful Home Features 3 Bdrms, 3 Updated Washrooms, Hardwood Floors On Main & All 3 Bedrooms, Walk-Out To Deck & Private Rear Yard With Shed. Nicely Finished Basement. ** This Is A Linked Property.** **** Extras **** Updates Include Front Entrance Interlock / Landscaping, New Roof & New Furnace & Air Conditioner - All In 2017. Offers May Include Fridge, Stove, Dishwasher, Washer, Dryer & Microwave - Exclude Freezer In Bsmnt & Central Vacuum - As-Is (No Attachments). (Id:23934)
CALL1.877.896.6727
Property Price
$599,000
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,900
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,455
Mortgage Insurance PST
$1,805
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,660
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,660
Monthly Payment
$2,538

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).