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

Fantastic 3 + 1 Bedroom Home In Fabulous Family Friendly Whitby Pocket, Close To Parks, Schools & Easy Access To Hwy 401. Bright And Spacious Kitchen With Walk Out To Deck. Super Functional Layout With Open Concept Principal Rooms. Huge Master With Sitting Area, 3 Piece Ensuite & Large Walk In Closet. Finished Basement With Recreation Room, Additional Bedroom & Cold Cellar. Beautifully Landscaped Lot With Private Deck & Fruit Trees. Nothing To Do But Move In & Enjoy!**** Extras **** Walking Distance To The Go Station, Downtown Whitby, Shopping, Restaurants, & All Amenities. Newer Windows & Doors. Updated Bathrooms. Central Vacuum. Hot Water Tank Is A Rental. Included: Appliances, Electric Light Fixtures & Window Coverings. (Id:23934)
CALL1.877.896.6727
Property Price
$779,900
Minimum Down Payment (%)
6.79%
Minimum Down Payment ($)
$52,990
Mortgage Insurance ($)
$29,076
Mortgage Required ($)
$755,986
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,073
Mortgage Insurance PST
$2,326
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$68,889
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$64,889
Monthly Payment
$2,952
Beautiful Executive Custom Built Bungalow On An Acre Of Beauty * Exceptional Landscaping * Private Resort Style Backyard Oasis * Salt Water Pool With Waterfall * Gorgeous Great Room With Vaulted Ceilings Open To Gourmet Kitchen With Granite Counters,Centre Island,Walk-Out To Deck & Breathtaking Views * Formal Din * Main Flr Office * Access To Garage With Walk Up From Basement * Spa-Like Ensuite In Prime Bed With Steam Shower / Kalia Soaker Tub / Heated Flrs * Spectacular Basement With Home Theatre / Games / Exercise Rms+++**** Extras **** Fridge * Stove * Built-In Dishwasher * Built-In Microwave * Washer * Dryer * Elf's * Blinds * Shutters * Garage Door Opener * Alarm System * Tv In 3Rd Bed & Exercise Room * Hot Water Tank * Garage Door Opener * Car Lift, Grey Cabinets & Slat Walls In Garage ** Shingles('20)*Furnace / Central Air Conditioning('20)*Patio Doors('21)*Deck('21)* (Id:23934)
CALL1.877.896.6727
Property Price
$2,450,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$490,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,960,000
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$47,725
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$539,225
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$535,225
Monthly Payment
$7,653
A Stunning 4 Bedroom, 4 Bathroom, Double Garage Home That Is Nested And Surrounded By Mature Trees In A Family Oriented Neighbourhood! Finished Basement, Multiple Rooms And Gorgeous Backyard Landscape, The Possibilities Are Endless! 51 X 115 Foot Lot Of A Home, High Soaring Ceiling As You Walk In, To The Finished Spiral Staircase From Top To Bottom, The Serenity & Charm Of This Home Will Not Disappoint!**** Extras **** Existing Stainless Steel Fridge, Gas Stove, Dishwasher, Washer & Dryer, Garage Door Opener And Remote(S), Windows Coverings. Also Basement Existing Appliances (Fridge, Stove, Dishwasher). (Id:23934)
CALL1.877.896.6727
Property Price
$1,199,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$239,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$959,200
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$20,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$261,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$257,755
Monthly Payment
$3,745
Newly Built Modern Town Home In Pringle Creek, Located Near All Amenities & Go Station. Bright & Spacious Layout With An Abundance Of Natural Lighting Throughout. Home Features Pot Lights, Laminate Floors & Open-Concept Living / Dining Area. Modern White Kitchen Includes Built In Stainless Steel Appliances, Large Floating Island With Under Mount Sink & Has Direct Access To Covered Outdoor Balcony. 3 Bed / 3Bath Included. Oversized Primary With 4Pc & Large Closet**** Extras **** All Existing Stainless Steel Fridge, Stove, Hood Fan, Dishwasher. Washer & Dryer. All Existing Window Coverings & All Existing Light Fixtures. (Id:23934)
CALL1.877.896.6727
Property Price
$699,900
Minimum Down Payment (%)
6.43%
Minimum Down Payment ($)
$44,990
Mortgage Insurance ($)
$26,196
Mortgage Required ($)
$681,106
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$10,473
Mortgage Insurance PST
$2,096
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$59,059
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$55,059
Monthly Payment
$2,659
Beautiful Jeffery Built Home In Desirable Whitby Neighborhood. Interlock Front Walk, Double Door Entry & 2 Balconies (1 Off Primary). 3Bdrm, 3 Baths, Basement Gorgeous Finished Recreation Room, On A Pool Sized Lot! Lrg Eat In Kitchen With Apron Style Sink,Under Cab Lighting, Walk Out To Deck With Gazebo,Corner Gas Fireplace With Stone Front In Family Room, Main Floor Laundry,Direct Access To Garage From Home. Separate Shower In Ensuite, Close To Shopping, Excellent Schools.**** Extras **** Stainless Steel, Fridge, Stove, Dishwasher & Built-In Mic.,Air Conditioner, Extra Garage Door Opener & 2 Remotes. Washer, Dryer, Closet Organizers. Hot Water Tank (Owned). All Window Coverings & Rods. All Electrical Lighting Fixtures. Gazebo With Netting Outside Security Camera's (Not Monitored). Pls Exclude: Fridge & Freezer In Basement. (Id:23934)
CALL1.877.896.6727
Property Price
$899,800
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,980
Mortgage Insurance ($)
$33,393
Mortgage Required ($)
$868,213
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$14,471
Mortgage Insurance PST
$2,671
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,622
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,622
Monthly Payment
$3,390

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).