TD Canada Trust Mortgage Calculator
Haven't found a property to purchase yet?
?
Enter the amount that you are planning on paying for the property
STEP 1
Enter property purchase price
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
–
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
+
$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)
=
$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
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
AlbertaBritish ColumbiaNew BrunswickNewfoundland and LabradorNova ScotiaOntarioPrince Edward IslandSaskatchewan
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Fixed Rates
1 Year
6.04%
2 Year
5.74%
3 Year
5.34%
4 Year
5.24%
5 Year
5.14%
6 Year
6.49%
7 Year
5.84%
10 Year
6.00%
Variable Rates
5 Year
6.40%
Fixed Rates
1 Year
6.04%
2 Year
5.74%
3 Year
5.34%
4 Year
5.24%
5 Year
5.14%
6 Year
6.49%
7 Year
5.84%
10 Year
6.00%
Variable Rates
5 Year
6.40%
Fixed Rates
1 Year
6.04%
2 Year
5.74%
3 Year
5.34%
4 Year
5.24%
5 Year
5.14%
6 Year
6.49%
7 Year
5.84%
10 Year
6.00%
Variable Rates
5 Year
6.40%
Fixed Rates
1 Year
6.04%
2 Year
5.74%
3 Year
5.34%
4 Year
5.24%
5 Year
5.14%
6 Year
6.49%
7 Year
5.84%
10 Year
6.00%
Variable Rates
5 Year
6.40%
Fixed Rates
1 Year
6.04%
2 Year
5.74%
3 Year
5.34%
4 Year
5.24%
5 Year
5.14%
6 Year
6.49%
7 Year
5.84%
10 Year
6.00%
Variable Rates
5 Year
6.40%
Fixed Rates
1 Year
6.04%
2 Year
5.74%
3 Year
5.34%
4 Year
5.24%
5 Year
5.14%
6 Year
6.49%
7 Year
5.84%
10 Year
6.00%
Variable Rates
5 Year
6.40%
Fixed Rates
1 Year
6.04%
2 Year
5.74%
3 Year
5.34%
4 Year
5.24%
5 Year
5.14%
6 Year
6.49%
7 Year
5.84%
10 Year
6.00%
Variable Rates
5 Year
6.40%
Fixed Rates
1 Year
6.04%
2 Year
5.74%
3 Year
5.34%
4 Year
5.24%
5 Year
5.14%
6 Year
6.49%
7 Year
5.84%
10 Year
6.00%
Variable Rates
5 Year
6.40%
?
Please select how often you would like
to make your mortgage payments.
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
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About TD Canada Trust Mortgages
The big, comfortable green chair is just one of the indicators that you are in good hands with TD Canada Trust (a multinational financial institution). Armed with a long list of financial services & financial products for business and personal solutions, TD Canada Trust is diverse and can help people achieve their goals financially. Mortgages are no exception, as this bank knows that people do not want to be 'mortgage poor', so there are mortgage products that are designed to be just as comfortable feeling as the big, green chair. Via the website, home buyers can peruse detailed information about mortgages, use the TD Canada Trust mortgage calculator, and access a plethora of other mortgage-related tools. A mortgage calculator works similarly to a manual calculator (apart from the information that is entered and the results). There is a flexible mortgage payment calculator, a mortgage product match calculator, an affordability calculator, a mortgage prepayment calculator, a down payment calculator, and much more. Why are using mortgage calculators beneficial to a home buyer? Any mortgage calculator breaks down the information you enter and it and provides you with a basic 'bottom line' dollar amount, so figuring out what kind of mortgage and the affordable monthly mortgage amount is a good leap forward.
Lenders and their 'mortgage offers' vary, and this adds to the semi-confusion of mortgages. The TD Canada Trust mortgage calculator is just a simplistic breakdown of important information; it is when the home buyer decides to meet with a mortgage professional that many questions will be answered. It is a smart strategy to try and self-educate about the mortgage market but having a mortgage advisor lay it all out in easy-to-understand terms, is a productive way to know which mortgage is right for you and your family. Before you make any offer on a home that you have your eye on, you should already have a solid commitment from your lender (get preapproved so you know exactly how much money your lender is prepared to loan to you). Leaving the preapproval process until after you have made an offer does pose many unforeseen problems, such as the seller may not take your offer seriously. You should know of any penalties that comes with your mortgage, how long you can secure the offered interest rate while closing the deal on your home, a good idea of new utility hook up, if there are any land/property taxes, and if you are required to assume mortgage default insurance (as well as home insurance).