Purchase Calculator

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Ensuring that you have the financial and personal situation to cover your mortgage payments is important and can help you with planning and strategy into the future.

We’ve created a Purchase Calculator that incorporates all the various regulations and fluctuations you’ll need to consider before you buy. If you have any questions regarding your results, please feel free to contact us.

Purchase Calculator

Total price or property value of the property you intend to finance.

$

The amount of money you intend to use for a down payment, as a percentage of the purchase price or a flat dollar amount. It must be at least 5% of the purchase price of the property you intend to finance.

$

Choose from Spin’s rates, or enter your own.

The amount of time it takes to pay off a mortgage. The maximum amortization is 25 years if you have less than 20% for a down payment; and 30 years if you have more.

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Your monthly payment on a purchase of $ with a down payment of , would be approx. Not calculated yet.. with Spin Mortgage Canada

Instructions

Fill in the fields and hit calculate - we'll let you know what you can expect to pay!

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