allows you to see how different adjustments will alter your mortgage. These calculations are approximate and for information purposes only. Please contact The Biggar Team for a more in depth analysis.
A minimum 5% down payment is required for a purchase price of $500,000 or less. For a purchase price between $500,000 and $1 million, the minimum down payment is 5% on the first $500,000 and 10% on the balance. Mortgage default insurance costs will apply. As of October 17, 2016, insured mortgages are required to use the Conventional mortgage – 5-year rate for qualifying purposes.