What’s my house worth? | Kingston Mortgage Brokers

*Calculation uses average house price in the City of Kingston to calculate what your home might be worth assuming it has risen in value similarly to the “average” City of Kingston property. Calculations are estimates only and cannot be relied upon for valuation purposes.

Purchase

Renewal or Refinance

Asking Price
Asking Price Go

STEP 1

Enter the price of the home you're interested in and press GO.

Down payment      Down payment The amount of money you pay up front to obtain a mortgage. The minimum down payment in Canada is 5%. For down payments of less than 20%, home buyers are required to purchase mortgage default insurance, commonly referred to as CMHC insurance. Down payment 1 (%) Down payment 2 (%) Down payment 3 (%) Down payment 4 (%)

minus Down payment 1 ($) Down payment 2 ($) Down payment 3 ($) Down payment 4 ($)

Mortgage insurance      Mortgage insurance Mortgage default insurance, commonly referred to as CMHC insurance, protects the lender in the case the borrower defaults on the mortgage. Mortgage default insurance is required on all mortgages with down payments of less than 20%, which are known as high ratio mortgages. Mortgage default insurance is calculated as a percentage applied to your mortgage amount. plus

Total Mortgage Required equals $- $- $- $-

Amortization period

STEP 2
Choose an amortization period.

Amortization period 1 Amortization period 2 Amortization period 3 Amortization period 4

Mortgage rate

STEP 3

Enter a mortgage rate to calculate the corresponding payment.

Total Mortgage Payment
$- $- $- $-

Frequency

Land Transfer Tax: $-

STEP 4
If necessary, update your profile to calculate land transfer tax.

Profile

Province

City

I am a first-time home buyer

I am buying a newly built home

Provincial:      plus

Municipal:      Municipal Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home. plus

Rebate:      Rebate If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province. minus

Land Transfer Tax $-

Provincial:      Provincial Land transfer tax (LTT), typically calculated as a percentage of the purchase price of a home, is required when purchasing a home in Canada. All provinces have a LTT, and the amount varies in each province. plus

Municipal:      Municipal Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home. plus

Rebate:      Rebate If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province. minus

*You will be required to pay a title transfer fee.

STEP 4
If necessary, update your profile to calculate land transfer tax.

Profile

Province

City

I am a first-time home buyer

I am buying a newly built home

Explore the drop-downs to better understand your mortgage choice.

Cash Needed
How much extra cash will I need when my house closes?

When you purchase a house, there are a number of costs you'll need to put cash aside for in addition to your down payment. These costs depend on a number of factors including things like what kind of home you are buying (i.e. house vs. condo) and where the home is located.

Our tool will help you calculate these costs, so you know how much you'll need to save.
Type of home:

Required Cash Expenditures

Scenario:

Down payment $-

PST on mortgage insurance $-

Land Transfer Tax $-

Lawyer fees $-

Title insurance $-

Estoppel certificate fee $-

Total Cash Required $-

Other Cash Considerations

Home inspection fees $300 - $500

Appraisal fees $300

Monthly Expenses
Can I afford my monthly expenses & mortgage payments?

Expenses

Scenario:

Mortgage payment $-

Property Tax

Monthly Debt Payments

Utilities

Condo Fees

Property insurance

Phone

Cable

Internet

Total $-

Interest Rate Risk
What would my payment be at higher interest rates?

When determining the size of home you can afford, it's important to look at the long term horizon. The mortgage rate you pay today could be substantially different from the mortgage rates available when the time comes to renew your mortgage.

The calculation below shows how much of your mortgage principal will be left at the end of the term.

Mortgage Amount

Scenario:

Mortgage amount today $-

Less: Principal paid off over term $-

Mortgage remaining at end of term: $-

Using this amount, below we calculate the corresponding mortgage payments at a variety of interest rates:

Purchase interest rate Payment
Selected Scenario

Selected Rate $-

Average 5-year Fixed Rates (2000 - 2010) 3.89% $-

Average 5-year Fixed Rates (1990 - 2000) 7.23% $-

Average 5-year Fixed Rates (1980 - 1990) 11.92% $-

Below is a graph that displays the approximate values of competitive 5-year fixed mortgage rates since 2006.

5-year Fixed Mortgage Rates

Amortization Schedule
What do my payments look like over time?

Scenario:

Year Total Paid Principal Paid Interest Paid Balance

Globalize.localize("please-complete-the-input-for-the-selected-scenario-in-order-to-continue")

Select rate

Type:

Term:

Province:

Provider Rate Select

Loading...

Custom rate Select

Down payment	Down payment The amount of money you pay up front to obtain a mortgage. The minimum down payment in Canada is 5%. For down payments of less than 20%, home buyers are required to purchase mortgage default insurance, commonly referred to as CMHC insurance.		Down payment 1 (%)	Down payment 2 (%)	Down payment 3 (%)	Down payment 4 (%)
Down payment		minus	Down payment 1 ($)	Down payment 2 ($)	Down payment 3 ($)	Down payment 4 ($)
Mortgage insurance	Mortgage insurance Mortgage default insurance, commonly referred to as CMHC insurance, protects the lender in the case the borrower defaults on the mortgage. Mortgage default insurance is required on all mortgages with down payments of less than 20%, which are known as high ratio mortgages. Mortgage default insurance is calculated as a percentage applied to your mortgage amount.	plus
Total Mortgage Required		equals	$-	$-	$-	$-
Amortization period			STEP 2 Choose an amortization period. Amortization period 1	Amortization period 2	Amortization period 3	Amortization period 4
Mortgage rate			STEP 3 Enter a mortgage rate to calculate the corresponding payment.
Total Mortgage Payment			$-	$-	$-	$-
Frequency			$-	$-	$-	$-
Land Transfer Tax: $-				STEP 4 If necessary, update your profile to calculate land transfer tax. Profile Province City I am a first-time home buyer I am buying a newly built home
Provincial:		plus
Municipal:	Municipal Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home.	plus
Rebate:	Rebate If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province.	minus

Land Transfer Tax $-
Provincial:	Provincial Land transfer tax (LTT), typically calculated as a percentage of the purchase price of a home, is required when purchasing a home in Canada. All provinces have a LTT, and the amount varies in each province.	plus
Municipal:	Municipal Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home.	plus
Rebate:	Rebate If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province.	minus
*You will be required to pay a title transfer fee.
STEP 4 If necessary, update your profile to calculate land transfer tax. Profile
Province
City
I am a first-time home buyer
I am buying a newly built home

Purchase interest rate		Payment Selected Scenario
Selected Rate		$-
Average 5-year Fixed Rates (2000 - 2010)	3.89%	$-
Average 5-year Fixed Rates (1990 - 2000)	7.23%	$-
Average 5-year Fixed Rates (1980 - 1990)	11.92%	$-

Purchase

Renewal or Refinance

Asking Price

Total Mortgage Payment

Cash NeededHow much extra cash will I need when my house closes?

Required Cash Expenditures

Other Cash Considerations

Monthly ExpensesCan I afford my monthly expenses & mortgage payments?

Expenses

Interest Rate RiskWhat would my payment be at higher interest rates?

Mortgage Amount

Amortization ScheduleWhat do my payments look like over time?

Select rate

Cash Needed
How much extra cash will I need when my house closes?

Monthly Expenses
Can I afford my monthly expenses & mortgage payments?

Interest Rate Risk
What would my payment be at higher interest rates?

Amortization Schedule
What do my payments look like over time?