Whitchurch-Stouffville 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 Whitchurch-Stouffville 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

Whitchurch-Stouffville Mortgage Calculator Examples

Beautiful And Freshly Painted 4 Bed,4 Bath Spacious Townhouse(Over 2250Sq As Per Builder). Front Entrance Facing A Quiet Farm And A Kid-Safe Street, Hardwood Floors On The Main, Double Door Entrance, Upgraded Granite Counter And Tiles, Upgraded Lightings, Backsplash, Direct Access From Garage. Large Master With 4Pc Ensuite, Two Walk-In Closets, 1 Car Garage, Driveway Parking 2 Cars ( No Sidewalk), Finished Basement With 4Pc Bath, Close To Park, School And Go.**** Extras **** Stainless Steele Fridge, Stove, Dishwasher, Washer / Dryer. All Window Coverings, All Electrical Lighting Fixtures. (Id:23934)
CALL1.877.896.6727
Property Price
$799,000
Minimum Down Payment (%)
6.87%
Minimum Down Payment ($)
$54,900
Mortgage Insurance ($)
$29,764
Mortgage Required ($)
$773,864
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,455
Mortgage Insurance PST
$2,381
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,236
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,236
Monthly Payment
$3,057
Don't Miss This Stunning Century Home On One Of Stouffville's Most Desirable Mature Streets! Originally Built 1897 With A Newer Addition (2005) Provides You With The Uniqueness And Character Of The Old, And The Convenience Of Modern. With Limestone Flooring In Hallway, And A Stone Fireplace In The Spacious Great Room That Overlooks The Breathtaking Gardens Complete With Flagstone Patio, You'll Love This One Of A Kind Treasure.**** Extras **** Enjoy Relaxing In The Premium Backyard Or The Spacious Front Porch! Includes: Appliances, Elf's, Window Coverings Except Master (Excluded), Reverse Osmosis System, Garden Shed 2 Furnaces And 2 Air Conditioner Units (Id:23934)
CALL1.877.896.6727
Property Price
$1,799,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$359,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,439,200
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$32,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$393,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$389,755
Monthly Payment
$5,686
**Great Opportunity ** Generous Size Corner Lot (14,588 Square Ft) In The Desirable Community Of Stouffville ** Up And Coming Area With Many New Multimillion-Dollar Homes. Close To Main Street, Go Station, Shopping Centres, Ymca, Restaurants, Parks, And Schools. Upgraded Kitchen & Floors, Continue Renovations With Lots Of Room For An Addition Or Build Your Custom Dream Home!**** Extras **** Includes All Appliances, Electric Fireplace, Electrical Lighting Fixtures, Window Coverings, Garden Shed. Exterior Freshly Painted. Tandem 2 Car Garage. Updated Kitchen, Brand New Stainless Steel Stove & Stainless Steel Dishwasher. Hot H2o Tank Is Rental. (Id:23934)
CALL1.877.896.6727
Property Price
$889,000
Minimum Down Payment (%)
7.19%
Minimum Down Payment ($)
$63,900
Mortgage Insurance ($)
$33,004
Mortgage Required ($)
$858,104
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$14,255
Mortgage Insurance PST
$2,640
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$82,295
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$78,295
Monthly Payment
$3,390
Gorgeous Condo Suite In The Luxurious & Desired The Terrace On Rouge Creek Condos. Over 1500Sqft Split Floor Plan With Hardwood Fls Throughout, 2 Spacious Bedrooms, 2 Full Baths & A Large Office & Den With French Doors. 2 Walkouts To Balcony With East Views. Rooms Can Be Converted To Bedrooms / Dining / Living Areas. Amazing Building Amenities. Great Location Close To Nearby Parks, Walking Trails,Go/ Transit, Main St, Shopping. Min To Hwy 404 / 407.**** Extras **** Stainless Steel Fridge, Stainless Steel Stove, Stainless Steel Dishwasher, Stainless Steel Microwave Hood Range, Stackable Washer / Dryer, All Elf's, All Window Coverings, Hot Water Tank (Rental) 2 Large Lockers #112&113. Gas Barbeque Hookup. Parking Spots Are Rentals @ $125 /Mo Each. (Id:23934)
CALL1.877.896.6727
Property Price
$819,900
Minimum Down Payment (%)
6.95%
Minimum Down Payment ($)
$56,990
Mortgage Insurance ($)
$30,516
Mortgage Required ($)
$793,426
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,873
Mortgage Insurance PST
$2,441
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$73,804
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$69,804
Monthly Payment
$3,135
Location! Location! Location! Don't Miss Out To See This Beautiful, Bright & Spacious Layout In A High Of Stouffville. Thousands $ Spent On Upgrades. Very Well Kept 4Br, 4Wr House With Finished. Basement With Sub Flooring. Perfect For A Big Family. Hardwood Flooring Throughout, California Shutter, Fenced Backyard, Great Neighborhood. Big Driveway Without Sidewalk, Close To Schools, Shopping, Hospital, Mins From Go Station And All Amenities.**** Extras **** Fridge, Stove, Dishwasher, Washer, Dryer, All Window Coverings & All Electrical Light Fixtures. Hot Water Tank Rental. (Id:23934)
CALL1.877.896.6727
Property Price
$1,349,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$269,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,079,200
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$23,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$294,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$290,755
Monthly Payment
$4,264

Mortgages In Whitchurch-Stouffville

Ideally positioned only 50 KMs from the downtown core of the city of Toronto, Whitchurch-Stouffville is a special community that possesses position on the Oak Ridges Moraine with rich agriculture, lakes & forested areas. Drawn to this increasingly growing community (thanks largely to entrepreneurs, commercial & industrial sectors) are every age demographic for its 'kid friendly' safe neighbourhoods, singles & couples and business professionals (with direct to Union Station GO Transit services making working in downtown Toronto but living here a breeze). Homes are affordable (with semi-detached, detached, condominiums and townhouses taking the lead in new constructions) and being surrounded by great amenities and golf clubs & courses; it is a win-win for home buyers! The quickest and easiest way to work out affordability with a new home purchase is to use a Whitchurch-Stouffville mortgage calculator. As mortgage loans have become the more desired way of obtaining the money needed to buy a home, a mortgage calculator works out the principal of a mortgage loan and incorporates the interest rate & rate type, the start date of the loan, the payment frequency each month, and the number of years the loan will run before being paid off in full as per the contract with the lender.
Mortgages vary in performance, so it is always a wise strategy for home buyers to learn all there is to know about the products, the mortgage market in Whitchurch-Stouffville, and even how different lenders operate independently. If you already are aware of the differences between a variable rate mortgage, an adjustable rate mortgage, and a fixed rate mortgage, you are well on your way to understanding the diversity of mortgage products and know about the top three most used. When a home buyer has saved enough money to be applied as a down payment, other mortgage product options open up (a conventional or traditional mortgage). Buyers will learn through their lender that splitting a mortgage into two parts and utilizing both a variable rate mortgage and a fixed rate mortgage has benefits (a hybrid mortgage). Seasoned home buyers that have held a mortgage loan in the past will know all too well that there are mortgage products that are designed specifically for previous home ownership (portable mortgage, home equity line of credit, a collateral mortgage & reverse mortgage). A mortgage calculator is just a means of ascertaining quickly monthly payment amount on a mortgage loan; it is when a lender is working out the finer details that the true financial picture is painted out.