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

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

Need Help?

If you have any questions 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.