How to use the Manitoba mortgage calculator
Mortgage rates in Manitoba
The mortgage rates that are charged in Manitoba vary substantially by province and territory. The most current Manitoba mortgage rates are the best ones to use when calculating your expected mortgage payment.
Land transfer tax (LTT) in Manitoba
When purchasing property in Manitoba a substantial cost to consider is the land transfer tax that will be charged to transfer the land from the seller to the buyer. It is recommended to understand how land transfer tax is charged in Manitoba which can be shown on our Manitoba land transfer tax calculator.
Mortgage affordability in Manitoba
With the high cost of home prices in Manitoba, purchasing a home in Manitoba can prove to be difficult. You can use our Manitoba mortgage affordability calculator to see how much home you can afford in Manitoba.
Amortization period
30-year amortization periods are available with a down payment that is less than 20% if you are a first-time homebuyer or purchasing a new build home. For all other cases where the down payment is less than 20% the amortization period is 25-years. If your down payment is more than 20% these maximum periods are set by the lender.
