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Some conditions apply. In order to be approved for a mortgage, you will need at least 5% of the purchase price as a down payment if your purchase price is within $500,000. If your purchase price is between $500,000 and $1,000,000, your minimum down payment is 5% of the first $500,000 and 10% of the price between $500,000 and $1,000,000.
View Our Mortgage Rates. The charts below show current purchase and switch special offers and posted rates for fixed and variable rate mortgages. 3 Year Fixed closed. 4.740%. 4.780% APR. 5 year fixed closed. 4.740%. 4.770% APR. 5 year variable closed RBC Prime Rate -.
To get an idea of what you can afford, you'll need to keep these things in mind: Your down payment. Your household income. Your current debts and the monthly payments to carry those debts. Your monthly housing-related costs, like your mortgage payment, property taxes, home insurance, condo fees, school taxes, utilities and home care costs.
Mar 21, 2018 · This calculator is for illustrative purposes only. While every effort is made to keep this tool up-to-date, CMHC does not guarantee the accuracy, reliability or completeness of any information or calculations provided by this calculator. CMHC is not be liable for loss or damage of any kind arising from the use of this tool.
Quick start tip: Use the popular selections we’ve included to help speed up your calculation – a monthly payment at a 5-year fixed interest rate of 4.740 % amortized over 25 years.
RBC True House Affordability. Thinking of buying a home? Whether you’re buying your first home or your next home, get pre-qualified for a mortgage today. † disclaimer. This Promotional Offer is comprised of a Cash Offer component and a Points Offer component, as described below. In order to be eligible for and obtain the applicable benefit ...
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Ratehub.ca's mortgage payment calculator. Start here. Price. Location. - Down payment. Between $500,000 and $999,999 – Your minimum down payment is 5% of the first $500,000 PLUS 10% of the remaining portion of the home price. $1,000,000 or more – Your minimum down payment is 20%. + CMHC insurance.
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related to: How does RBC calculate mortgage affordability?Use Our Online Mortgage Calculators to Estimate Your Payments, Today. Calculate Your Monthly Payment with Our Free Online Mortgage Calculator.
