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Nova Scotia Mortgage Calculator 2021

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New Mortgage
Renewal/Refinance
Home Price
Down Payment
%
=
Interest Rate
%
Term
5-Year
Amortization (Years)
Payment Frequency
Monthly
Bi-Weekly

You have chosen to make a down payment below 20%. You are required to purchase mortgage default insurance (CMHC insurance). This cost is included in the mortgage principal.

Calculated Monthly Payment
$1,9651.96k
Your CMHC Premium is $13,95014k

Your Land Transfer Tax is $7,500

Mortgage Costs Over 5-Year Term

Total Cost:$117,876
Principal$75,298
Interest$42,578
Modify your payment by selecting from top lenders:
Check Rates
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Hide Amortization Schedule
MonthPrincipalInterest
Apr, 2021
$450,000.00$1,214.60$750.00
May, 2021
$448,785.40$1,216.63$747.98
June, 2021
$447,568.77$1,218.65$745.95
July, 2021
$446,350.12$1,220.69$743.92
Aug, 2021
$445,129.43$1,222.72$741.88
Sept, 2021
$443,906.71$1,224.76$739.84
Oct, 2021
$442,681.96$1,226.80$737.80
Nov, 2021
$441,455.16$1,228.84$735.76
Dec, 2021
$440,226.31$1,230.89$733.71
Jan, 2022
$438,995.42$1,232.94$731.66
Feb, 2022
$437,762.48$1,235.00$729.60
Mar, 2022
$436,527.48$1,237.06$727.55
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Nova Scotia Mortgage Calculator

Break down the cost of your mortgage using this Nova Scotia mortgage calculator. This calculator allows you to see the total cost of the mortgage over the term of your mortgage. You can also see your mortgage's amortization schedule to see how the balance of your mortgage will change over time. You can use current mortgage rates in Nova Scotia that are provided or enter your own rate.

Looking for more resources and calculators for Nova Scotia? Check out these pages to learn more about Nova Scotia mortgage rates, taxes, government programs, and more.

Learn more about Nova Scotia Mortgages

Other Resources for Nova Scotia Homeowners