Kelowna Real Estate Mortgage Calculator.
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.
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
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.