Tangerine 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
6.54%
2 Year
6.15%
3 Year
5.74%
4 Year
5.74%
5 Year
5.74%
7 Year
6.19%
10 Year
6.59%
Variable Rates
5 Year
6.65%
Fixed Rates
1 Year
6.54%
2 Year
6.15%
3 Year
5.74%
4 Year
5.74%
5 Year
5.74%
7 Year
6.19%
10 Year
6.59%
Variable Rates
5 Year
6.65%
Fixed Rates
1 Year
6.54%
2 Year
6.15%
3 Year
5.74%
4 Year
5.74%
5 Year
5.74%
7 Year
6.19%
10 Year
6.59%
Variable Rates
5 Year
6.65%
Fixed Rates
1 Year
6.54%
2 Year
6.15%
3 Year
5.74%
4 Year
5.74%
5 Year
5.74%
7 Year
6.19%
10 Year
6.59%
Variable Rates
5 Year
6.65%
Fixed Rates
1 Year
6.54%
2 Year
6.15%
3 Year
5.74%
4 Year
5.74%
5 Year
5.74%
7 Year
6.19%
10 Year
6.59%
Variable Rates
5 Year
6.65%
Fixed Rates
1 Year
6.54%
2 Year
6.15%
3 Year
5.74%
4 Year
5.74%
5 Year
5.74%
7 Year
6.19%
10 Year
6.59%
Variable Rates
5 Year
6.65%
Fixed Rates
1 Year
6.54%
2 Year
6.15%
3 Year
5.74%
4 Year
5.74%
5 Year
5.74%
7 Year
6.19%
10 Year
6.59%
Variable Rates
5 Year
6.65%
Fixed Rates
1 Year
6.54%
2 Year
6.15%
3 Year
5.74%
4 Year
5.74%
5 Year
5.74%
7 Year
6.19%
10 Year
6.59%
Variable Rates
5 Year
6.65%
?
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 Tangerine Mortgages
You may have heard the term 'forward banking', but what does that mean exactly? Forward banking is an innovative way to carry out your day to day banking, either by landline, online, or by mobile. Tangerine is a financial banking institution that is a direct subsidiary of Scotiabank, ING Direct Funds Limited & Tangerine Investment Management Inc. Life is busy, and Tangerine understands that not everyone has time to 'hit the cash machine' or stand in line waiting for an available bank teller. Offering a wide berth of financial services & products, Tangerine can be your 'go to' bank of convenience. Are you in the market for a mortgage renewal, home equity loans or lines of credit, mortgage refinancing, or a new mortgage? Tangerine can help with mortgage related loans by offering excellent mortgage products and competitive mortgage rates because everything we do is strictly customer-driven! A wealth of information is at your fingertips via our website like mortgage tools (the Tangerine mortgage calculator is handy) and break downs of mortgage products. When you are ready to step it up and learn about the different mortgage products and apply for a mortgage loan, you will be assigned one of our Mortgage Account Managers who will walk you through your mortgage.
The Tangerine mortgage calculator is just one of the many calculators that work out amortization, prepayment, affordability & more, with a resource listing as well that covers many mortgage related questions and facts. As a fixed rate mortgage and a variable rate mortgage are the most popular mortgage products; the website breaks down various amortization schedules so you can see the benefits to paying your mortgage loan off quicker (being mortgage-free sooner allows homeowners more freedom for other financial projects & goals). There are good points to fixed & variable rate mortgages, but those are not the only mortgage products available, but the list of mortgage products is extensive and researchable via the Internet. Are you ready to take on a mortgage loan? Are you prepared financially for a long term commitment? Is your income stable enough to rely on for many years? These are just a portion of the questions that are common with first time home buyers. Being prepared to approach a lender means you have saved some money for a down payment or closing costs, you have cleared up any 'blemishes' on your credit rating, you have freed yourself up from any major debts, and you can show a reliable income that will surpass your monthly payment for a mortgage loan.