Nova Scotia Mortgage Calculator 2021
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:
Hide Amortization Schedule
Download asCSV
Month | Principal | Interest | |
---|---|---|---|
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 |
Year 1
Download asCSV
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
- Nova Scotia Mortgage Rates
- First-Time Homebuyer Incentives in Nova Scotia
- Nova Scotia Property Tax Calculator
- Nova Scotia Land Transfer Tax Calculator
- Halifax Property Tax Calculator