Mortgage calculator in Whitehorse

Mortgage calculator in Whitehorse in 2023. How to calculate a mortgage yourself? How to work with a mortgage calculator? Mortgage rates. What can I find out using a mortgage calculator?

Real estate value calculation
Loan amount calculation
How much will the property cost me
%
%
C$
years
days.genitive
months
years
0 C$
i

Specify the type of payment for calculating

Disclaimer
Mortgage Calculator
Interest rates in Whitehorse on 28.01.2023
50000 C$ 3000000 C$
years
days.genitive
months
years
4.54 % 6.45 %
i

Specify the type of payment for calculating

Early repayment
50000 C$ 3000000 C$
%
%
C$
years
days.genitive
months
years
Disclaimer
Total Monthly Payment
C$
 

 

 

 

 

Details
Amortization Table
Total Monthly Payment

In this section you will see the calculation of the monthly mortgage payment amount

C$
Mortgage Amount
C$

Interest costs
C$
Payment

Here is a breakdown of the total amount of payment for the loan body and interest for the use of credit funds

 

 

Annual schedule

Your Mortgage Payment Information
Mortgage interest rates for January 2023

We collect and analyze the best mortgage interest rates in Canada on a daily basis

Max Rate (5-year Fixed) 6.49 %
Min Rate (5-year Fixed) 4.45 %
Average Rate (5-year Fixed) 6.45 %
Max Rate (10-year Fixed) 8,1 %
Min Rate (10-year Fixed) 5,19 %
Average Rate (10-year Fixed) 5,75 %
Max Rate (25-year Fixed) 10 %
Min Rate (25-year Fixed) 7,58 %
Average Rate (25-year Fixed) 9,75 %
Nesto

Get 1% cashback on your mortgage value (Up to $9,250*) mortgage cashback

4.54 %
Profitably

Rent vs Buy: What is cheaper in Whitehorse?

We have prepared for you an analytical block to help you compare the financial advantages of renting and taking out a mortgage loan. With the help of this chart, you can figure out whether, at the moment, it is more profitable to rent a property or to buy it. The data is relevant for January 2023 of the year and does not consider inflation and the rise in the price of real estate.

1 bd condo
2 bd condo
3 bd condo
2 bd home
3 bd home
4 bd home
4+ bd home
Mortgage is cheaper!
On 28.01.2023 Mortgage is cheaper than Rent
10 C$ Your benefit!

Benefit for 1 year
120 C$

Benefit for 5 years
600 C$
Average data in Canada for January 2023 of the year
We collect and analyze the cost of real estate in Canada on a monthly basis
Mortgage
1 490 C$

Rent
1 500 C$

Difference
10 C$
Rent is cheaper!
On 28.01.2023 Rent is cheaper than Mortgage
80 C$ Your benefit!

Benefit for 1 year
960 C$

Benefit for 5 years
4 800 C$
Average data in Canada for January 2023 of the year
We collect and analyze the cost of real estate in Canada on a monthly basis
Rent
1 800 C$

Mortgage
1 880 C$

Difference
80 C$
Rent is cheaper!
On 28.01.2023 Rent is cheaper than Mortgage
430 C$ Your benefit!

Benefit for 1 year
5 160 C$

Benefit for 5 years
25 800 C$
Average data in Canada for January 2023 of the year
We collect and analyze the cost of real estate in Canada on a monthly basis
Rent
2 300 C$

Mortgage
2 730 C$

Difference
430 C$
Rent is cheaper!
On 28.01.2023 Rent is cheaper than Mortgage
3 150 C$ Your benefit!

Benefit for 1 year
37 800 C$

Benefit for 5 years
189 000 C$
Average data in Canada for January 2023 of the year
We collect and analyze the cost of real estate in Canada on a monthly basis
Rent
1 800 C$

Mortgage
4 950 C$

Difference
3 150 C$
Rent is cheaper!
On 28.01.2023 Rent is cheaper than Mortgage
3 960 C$ Your benefit!

Benefit for 1 year
47 520 C$

Benefit for 5 years
237 600 C$
Average data in Canada for January 2023 of the year
We collect and analyze the cost of real estate in Canada on a monthly basis
Rent
2 500 C$

Mortgage
6 460 C$

Difference
3 960 C$
Rent is cheaper!
On 28.01.2023 Rent is cheaper than Mortgage
2 960 C$ Your benefit!

Benefit for 1 year
35 520 C$

Benefit for 5 years
177 600 C$
Average data in Canada for January 2023 of the year
We collect and analyze the cost of real estate in Canada on a monthly basis
Rent
3 500 C$

Mortgage
6 460 C$

Difference
2 960 C$
Rent is cheaper!
On 28.01.2023 Rent is cheaper than Mortgage
3 450 C$ Your benefit!

Benefit for 1 year
41 400 C$

Benefit for 5 years
207 000 C$
Average data in Canada for January 2023 of the year
We collect and analyze the cost of real estate in Canada on a monthly basis
Rent
4 000 C$

Mortgage
7 450 C$

Difference
3 450 C$

Compare mortgage offers for 28.01.2023

Use the mortgage loan matching configurator. Select the necessary parameters and click on the "Show" button

HELOC
Brokers
Reverse
Refinance
5-years
5-years
10-years
15-years
25-years
300
300
650
850
1000

Mortgage offers

Start your housing search in Whitehorse with our mortgage calculator

Calculate your monthly payment Step 1

It might be a good idea to figure out how much you can spend before applying for a mortgage, as your monthly payment will be your most significant expense. For your convenience, we designed a user-friendly mortgage payment calculator that takes into account many factors, for example, your insurance costs and interest deduction.

Look through the terms and conditions Step 2

Check out the mortgage options available in Whitehorse in January, 2023. The system will select the most relevant offers according to the results of your calculation.

Check your credit score Step 3

To assess the mortgage loan approval probability, we recommend you check your credit score through our website. It is free. The minimum rating required for a mortgage with a traditional lender is 680. If your rating is lower than 680, we could recommend you a mortgage broker.

Check your debt Step 4

Buying a house is one of the most important money moves you'll ever make. It might be helpful to check if you owe money to someone before starting your house-hunting journey. To do it, you could use our debt-checking service. It's free. Banks tend to favor debt-free customers; therefore, if you see yourself in arrears, you’d better pay off all your debts before applying for a mortgage loan.

Apply Step 5

If your credit score is at least 680 and you don't have any outstanding debts, we recommend you start the application process. To apply for a mortgage, you can go to the bank's website by clicking the corresponding button in the offers listed above. Alternatively, you can use our mortgage application form.

Wait for the decision Step 6

Mortgage experts of the selected bank will assess your credit score and legal and financial risks associated with your application. After that, you will receive the decision on your application.

Find the right home Step 7

After your credit limit is approved, you can start looking for a home. If you need help figuring out where to start, you could take advantage of real estate websites such as REALTOR.ca, centris.ca, and zolo.ca to find your dream house.

Useful articles about mortgages in Whitehorse

If you decide to apply for a mortgage loan, we recommend you read the articles in this section. This minimum amount of information can help you do everything right.

What is a Whitehorse mortgage calculator?

In Whitehorse, the capital of Yukon, the housing costs are close to the national average. That is, in January 2023, you can buy a single detached house for $637,300. Given the $88,000 median household income after taxes, the house purchase price is about 7 times the annual income — not as steep as in cities like Toronto or Mississauga.

If you are looking for a mortgage in Whitehorse, consider the following financial institutions:

In Whitehorse, you can find both open and closed mortgages available at fixed and variable interest rates. The rates for a 5-year fixed-rate mortgage range from 4.75% to 5.64% across Yukon and Whitehorse in particular. The average rate is 5.42%.

If you want to get an idea of your mortgage repayment costs, a Whitehorse mortgage calculator comes in handy.

Attention! All mortgage and other loan calculators are for informational purposes only and provide general information. 

How to use a Whitehorse mortgage calculator?

To calculate the approximate mortgage payment in Whitehorse, fill out the required fields in a Whitehorse mortgage calculator with the key parameters of your loan — the house price, down payment amount, mortgage term, interest rate, amortization period, and payment frequency. Once you do, you will see the estimated regular payment amounts in the results section. In addition, the calculator will give you a hint about the total payments (principal plus interest) made over the term.

Let’s take a closer look at how a Whitehorse mortgage calculator works. Consider you are financing a property priced at $640,000 and making a $170,000 down payment; the term is three years, the interest rate is 5.32%, the amortization period is 25 years, and payments are semi-monthly. After entering these figures in a Whitehorse mortgage calculator, you will get a $1,109 semi-monthly payment.

Benefits of a Whitehorse mortgage calculator

With a Whitehorse mortgage calculator, you can understand your mortgage repayment expenses better and plan your housing expenses accordingly. Along with that, you can try out different mortgage scenarios by adjusting the values for the property price, down payment amount, mortgage term, amortization period, and the interest rate used as input data. Seeing how different options compare in terms of the regular payment amount will help you find the solution that works best for your budget.


Was the article useful?
Like
0
Dislike
0

Olga R
Author of articles
Olga R
11.11.2022
26.01.2023
Ottawa mortgage calculator
What is a mortgage calculator in Ottawa and how it works
Toronto mortgage calculator
What is a mortgage calculator in Toronto and how it works
Montreal mortgage calculator
What is a mortgage calculator in Montreal and how it works
Calgary mortgage calculator
What is a mortgage calculator in Calgary and how it works
Edmonton mortgage calculator
What is a mortgage calculator in Edmonton and how it works
Mississauga mortgage calculator
What is a mortgage calculator in Mississauga and how it works
Vancouver mortgage calculator
What is a mortgage calculator in Vancouver and how it works
Hamilton mortgage calculator
What is a mortgage calculator in Hamilton and how it works
Quebec mortgage calculator
What is a mortgage calculator in Quebec and how it works
Halifax mortgage calculator
What is a mortgage calculator in Halifax and how it works
Fredericton mortgage calculator
What is a mortgage calculator in Fredericton and how it works
Victoria mortgage calculator
What is a mortgage calculator in Victoria and how it works
Iqaluit mortgage calculator
What is a mortgage calculator in Iqaluit and how it works
St. John's mortgage calculator
What is a mortgage calculator in St. John's and how it works
Charlottetown mortgage calculator
What is a mortgage calculator in Charlottetown and how it works
Winnipeg mortgage calculator
What is a mortgage calculator in Winnipeg and how it works
Regina mortgage calculator
What is a mortgage calculator in Regina and how it works
Yellowknife mortgage calculator
What is a mortgage calculator in Yellowknife and how it works
Airdrie mortgage calculator
What is a mortgage calculator in Airdrie and how it works
Beaumont mortgage calculator
What is a mortgage calculator in Beaumont and how it works
Brooks mortgage calculator
What is a mortgage calculator in Brooks and how it works
Camrose mortgage calculator
What is a mortgage calculator in Camrose and how it works
Chestermere mortgage calculator
What is a mortgage calculator in Chestermere and how it works
Cold Lake mortgage calculator
What is a mortgage calculator in Cold Lake and how it works
Fort Saskatchewan mortgage calculator
What is a mortgage calculator in Fort Saskatchewan and how it works
Grande Prairie mortgage calculator
What is a mortgage calculator in Grande Prairie and how it works
Lacombe mortgage calculator
What is a mortgage calculator in Lacombe and how it works
Leduc mortgage calculator
What is a mortgage calculator in Leduc and how it works
Lethbridge mortgage calculator
What is a mortgage calculator in Lethbridge and how it works
Lloydminster mortgage calculator
What is a mortgage calculator in Lloydminster and how it works
Mortgage calculator
What is a mortgage calculator in Canada and how it works
Refinance mortgage calculator
What is a refinance mortgage calculator in Canada and how it works
HELOC calculator
What is HELOC calculator in Canada and how it works
Mortgage affordability calculator
What is a mortgage affordability calculator in Canada and how it works
CMHC mortgage calculator
What is CMHC mortgage calculator in Canada and how it works
Vancity mortgage calculator
What is Vancity mortgage calculator in Canada and how it works
Realtor mortgage calculator
What is Realtor mortgage calculator in Canada and how it works
FCC mortgage calculator
What is FCC mortgage calculator in Canada and how it works
Desjardins mortgage calculator
What is Desjardins mortgage calculator in Canada and how it works
Ratehub mortgage calculator
What is Ratehub mortgage calculator in Canada and how it works
TD mortgage calculator
What is TD mortgage calculator in Canada and how it works
RBC mortgage calculator
What is RBC mortgage calculator in Canada and how it works
Scotiabank mortgage calculator
What is Scotiabank mortgage calculator in Canada and how it works
BMO mortgage calculator
What is BMO mortgage calculator in Canada and how it works
CIBC mortgage calculator
What is CIBC mortgage calculator in Canada and how it works
Tangerine mortgage calculator
What is Tangerine mortgage calculator in Canada and how it works
ATB mortgage calculator
What is ATB mortgage calculator in Canada and how it works
Coast Capital mortgage calculator
What is Coast Capital mortgage calculator in Canada and how it works
Simplii Financial mortgage calculator
What is Simplii Financial mortgage calculator in Canada and how it works
HSBC mortgage calculator
What is HSBC mortgage calculator in Canada and how it works
NBC mortgage calculator
What is NBC mortgage calculator in Canada and how it works
Equitable Bank mortgage calculator
What is Equitable Bank mortgage calculator in Canada and how it works
Laurentian Bank mortgage calculator
What is Laurentian Bank mortgage calculator in Canada and how it works
ICICI Bank mortgage calculator
What is ICICI Bank mortgage calculator in Canada and how it works
UNI mortgage calculator
What is UNI mortgage calculator in Canada and how it works
Manulife Bank mortgage calculator
What is Manulife Bank mortgage calculator in Canada and how it works
CWB mortgage calculator
What is CWB mortgage calculator in Canada and how it works
FNBC mortgage calculator
What is FNBC mortgage calculator in Canada and how it works
Motusbank mortgage calculator
What is Motusbank mortgage calculator in Canada and how it works
B2B mortgage calculator
What is B2B mortgage calculator in Canada and how it works
BDC mortgage calculator
What is BDC mortgage calculator in Canada and how it works
Alterna Bank mortgage calculator
What is Alterna Bank mortgage calculator in Canada and how it works