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

Located On A Large Corner Lot In A Desirable Community This Brand New, Never Lived In 4 Brm, 4 Bath Home Boasts Stunning Custom Eat-In Kitchen With Quartz Counters, Stainless Steel Appliances, Subway Tile Backsplash, Centre Island With Breakfast Bar & Walk-Out To Backyard. Open Concept Great Room Features Gas Fireplace & Separate Dining Area Features Coffered Ceilings. Laundry Room With Access To Double Car Garage. 2Nd Floor Features 4 Great Sized Brms Including Master Suite With Extras **** *Double Door Entry, Walk-In Closet & Relaxing 5Pc Ensuite, Jack N Jill Bath Connects 2Nd & 3Rd Brms Which Have Large Windows & 4Th Brm Features 4Pc Semi-Ensuite & Large Closet. Close To All Amenities: Schools, Parks, Shopping & Much More! (Id:23934)
CALL1.877.896.6727
Property Price
$949,900
Minimum Down Payment (%)
7.37%
Minimum Down Payment ($)
$69,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$15,473
Mortgage Insurance PST
$2,816
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$89,779
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$85,779
Monthly Payment
$4,095
Great 3+1 Bedroom Home With No Neighbours Behind. Widened Driveway & Lndscpd Walkway Lead To Front Entry With Custom Door. Crown Moulding Thorughout. Open Concept Main Flr. Updated Kitchen With Stainless Steel Appliances, Ceramic Flr & Brkfst Area With Walk-Out To Huge 2-Tier Deck And Garden Shed With Hydro. Family Room & Dining Room With High End Laminate Flr. Master Bedroom With 4Pc Ensuite & Walk-In Closet. Finished Basement With 2Pc Bath, Reno'd Laundry Room & Recreation Room With Wet Bar. ** This Is A Linked Property.** **** Extras **** Roof Reshingled (Approx 2016). Please See Attached For List Of Inclusions And Upgrades. Click On Realtor's Link For 3D Tour, Floor Plans And Feature Sheet. (Id:23934)
CALL1.877.896.6727
Property Price
$619,000
Minimum Down Payment (%)
5.96%
Minimum Down Payment ($)
$36,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,855
Mortgage Insurance PST
$1,863
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$49,118
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$45,118
Monthly Payment
$2,709
Wonderful Commuter Location!!! A Rare Find! Beautiful 3382Sq.Ft Family Home On Extra Deep Lot With Private Backyard Setting. Spacious Formal Entry And Foyer. Living & Dining Combination With Vaulted Ceiling Perf For Entertaining. Crown Moulding Thru-Out Main Floor And Upper Hallway. Extra-Large Kitchen And Breakfast Area.Partially Finished Basement With 5Th Bed & Xl Entertaining Bar Area. Bright Fresh Clean Warm Tasteful Modern Decor. A Must See!!**** Extras **** Fridge, Stove, Dishwasher, Washer- Dryer. All Window Coverings, All Electrical Lighting Fixtures, Furnace, Air Conditioner, Hot Water Tank (Rental) Security Camera System All Around The House. Full 6 Car Parking. (Id:23934)
CALL1.877.896.6727
Property Price
$859,900
Minimum Down Payment (%)
7.09%
Minimum Down Payment ($)
$60,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,673
Mortgage Insurance PST
$2,557
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$78,720
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$74,720
Monthly Payment
$3,718
This Stunning 4 Bedroom Home Is Situated In Lovely Family Friendly Neighbourhood. Approximately 2130 Square Feet. Open Concept Design With Hardwood Throughout Main. A Spacious Living & Dining Room, Featuring Corner Gas Fireplace In Family Room. Natural Oak Kitchen Cabinets With Stainless Steel Appls.Study Den On 2Nd Floor.Large Master Bedroom With Walk-In Closet & 4Pc Ensuite. Close To 401,Prime Schools, Shopping And All Amenities**** Extras **** Stainless Steel Fridge, Stainless Steel Stove, Stainless Steel Dishwasher, Washer & Dryer, All Light Fixtures, Hot Water Tank (Rental), Blinds (Id:23934)
CALL1.877.896.6727
Property Price
$638,000
Minimum Down Payment (%)
6.08%
Minimum Down Payment ($)
$38,800
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,235
Mortgage Insurance PST
$1,917
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$51,452
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$47,452
Monthly Payment
$2,788
Welcome To 8 Greenfield Cres In Sought After Whitby Neighbourhood On A Quiet Crescent, This Perfect 3 Bed, 2 Bath Starter Home With Finished Basement Is Ready To Move In & Enjoy! Boasting A Spacious Living Room & Kitchen With Eat-In Breakfast Area & Walk-Out To Deck & Deep Backyard, New Flooring In Living Room, Freshly Painted Throughout, Updated Light Fixtures & More! Close To Shopping, Schools, Transit, Hwy 401 & More!**** Extras **** Included. Fridge, Stove, Dishwasher, Washer, Dryer. Excluded. All Drapes Throughout . Hot Water Tank Rental (Id:23934)
CALL1.877.896.6727
Property Price
$499,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,473
Mortgage Insurance PST
$1,520
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$34,488
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$30,488
Monthly Payment
$2,210

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).