Kelowna Real Estate Mortgage Calculator.
Mortgage Rates
As a homeowner you have to understand the cost of borrowing to finance a property. There are a number of expenses and fees associated with Real Estate services that need to be understood. Below you will find 2 mortgage calculators that help you see the difference in various rates and factors pertaining to your mortgage.
a change in a number of variables will alter your payments…
- the interest rate
- term of the mortgage
- down payment
- frequency of payment
all influence your final monthly payments.
Scenario 1
Calculate Mortgage Payments
Land Transfer Tax
In BC a homeowners will also have to pay a land transfer tax. This is calculated on a graduated scale
1% on the first $200,000
2% of remaining value up to and including $2,000,000
3% of remaining portion over $2,000,000
To estimate your property Transfer Taxes please use the property transfer tax calculator: Land Transfer Tax
Scenario 2
Calculate Mortgage Payments
Need Help?
If you have any question regarding mortgage payments, what you can afford, down payment amounts, fees and other related real estate transaction details please give us a call. We can help you through the complexities of buying and selling real estate in the Okanagan valley.
