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

Come & View This Quality Built 3 Bedroom Denoble Home With Absolutely Stunning Finishes! 9' Ceilings & Extended Doors, Spacious Family Room With New Hardwood Flrs (Apr '19), Precast Stone Gas Fp, Built-In Shelves, Open Concept Kitchen With Extended Upper Cabinets, Stainless Steel Appls, Granite Counters, Breakfast Island. New Upgraded Broadloom On 2Nd Level & Basement Recreation-Room (Aug '19). Large Mstr With Over Sized Walk-In Closet And 3 Piece Ensuite. Finished Basement With Pot Lights & New 2Pc Bath!**** Extras **** Included. Stainless Steel Fridge, Ceramic Top Stove, Built-In Microwave, Built-In Dishwshr, Front Load Washer / Dryer, All Window Coverings, All Electrical Lighting Fixtures, Direct Access To Garage, Main Flr Laundry, Fabulous Location! 2Gdos &/ Remote(S), Central Air Conditioning, Central Vacuum. Hot Water Tank (Rental $50 / Mo (Id:23934)
CALL1.877.896.6727
Property Price
$839,900
Minimum Down Payment (%)
7.02%
Minimum Down Payment ($)
$58,990
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,273
Mortgage Insurance PST
$2,499
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$76,262
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$72,262
Monthly Payment
$3,435
Perfect Family Home For 1St Time Buyers / Downsizers! Inviting Bright Layout, Open Concept Kitchen & Great Room! Extended Great Room Addition With Skylight! Kitchen Offers Spacious Ctr Island / Breakfast Bar, Backsplash, Potlights, Lots Of Cupboards! Sliding Door Leads To Patio & Child Secure Fenced Yard! Spacious Bdrms! Garage Offers Storage & Built-In Shelving! Walking Distance To Great Schools, Park & Amenities. Easy Access To Public Transit & 407 / 412 / 401. ** This Is A Linked Property.** **** Extras **** Cont Legal Desc - S / T Right As In Lt1002606. Hot Water Tank Rental $32 / Mo. Roof 2017. Excluded. Pendant Light Fixture In Kitchen, Decorative Wall Shelf In Great Room. (Id:23934)
CALL1.877.896.6727
Property Price
$699,900
Minimum Down Payment (%)
6.43%
Minimum Down Payment ($)
$44,990
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
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
$2,881
Premium Pie-Shaped Lot. Fully Renovated, Move-In Ready, Safe & Quiet Crescent Steps To Park, School, Plaza, Mall, Plaza, Mall, Public Transit & Place Of Worship. ** This Is A Linked Property.** **** Extras **** Brand New Stainless Steel Samsung Kitchen Appliances, Washer & Dryer, All Light Fixtures. Hot Water Tank Rental $25.00 / Month. (Id:23934)
CALL1.877.896.6727
Property Price
$599,900
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,990
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,473
Mortgage Insurance PST
$1,808
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,771
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,771
Monthly Payment
$2,485
** This Beautiful Family Home Is Always Your Safe Haven ** Super Convenient Location @ Downtown Whitby / Back Onto Julie Payette French Immersion School / Steps To Public Transit,Parks, Shopping / Minutes To Hwy 401../Functional Layout( View Online 3D Tour)/3 Large & Sun-Filled Bdm / Master Has Semi-Ensuite / Open Concept Living & Dining /Bay Window / Stunning Wood Flr Through-Out(2020)/Newer Upgraded Window & Roof Shingle(2017)/New Remote Net Thermometer / Double Garage..**** Extras **** Family Size Modern Kitchen Walk-Out To 30'Patio(2018), Ideal For Barbeque Enthusiast / Enormous Basement Recreation Room With Wet Bar & Fire Place / 3 Piece Washrm & Office / Included: Fridge,Stove,D / With Washer&Dryer,All Electrical Lighting Fixtures, Hot Water Tank Owned, Double Garage Opener. (Id:23934)
CALL1.877.896.6727
Property Price
$635,900
Minimum Down Payment (%)
6.07%
Minimum Down Payment ($)
$38,590
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,193
Mortgage Insurance PST
$1,911
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$51,194
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$47,194
Monthly Payment
$2,627
Enjoy This Move-In Ready, 2-Bedroom, Ground Floor Home In North Whitby. This Unit Has Been Updated From Top To Bottom & Very Well Kept. Laminate & Vinyl Floors Throughout, Stainless Steel Appliances, Quartz Countertops, Pot Lights In Master Bedroom & An Updated Bathroom. Ensuite Laundry, Storage Room, Open Concept Kitchen / Dining / Living Room With Walk-Out To Patio. Also Features Rarely Offered 2 Underground Parking Spots & Additional 6X8x8 Storage Locker.**** Extras **** Included: Stainless Steel Appliances (Dishwasher, Microwave, Stove), Stacked Washer / Dryer, All Electrical Lighting Fixtures, Nest Thermostat, All Window Coverings. Floors Replaced, Updated Bathroom, Quartz Counter, Pot Lights (2018). Hot Water Tank (2019). See Virtual Tour. (Id:23934)
CALL1.877.896.6727
Property Price
$449,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,450
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,455
Mortgage Insurance PST
$1,365
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$30,770
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$26,770
Monthly Payment
$1,876

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).