How to use the Northwest Territories mortgage calculator
Mortgage rates in Northwest Territories
The mortgage rates that are charged in Northwest Territories vary substantially by province and territory. The most current Northwest Territories mortgage rates are the best ones to use when calculating your expected mortgage payment.
Land transfer tax (LTT) in Northwest Territories
When purchasing property in Northwest Territories 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 Northwest Territories which can be shown on our Northwest Territories land transfer tax calculator.
Mortgage affordability in Northwest Territories
With the high cost of home prices in Northwest Territories, purchasing a home in Northwest Territories can prove to be difficult. You can use our Northwest Territories mortgage affordability calculator to see how much home you can afford in Northwest Territories.
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.
