CDN Property Down Payment Calc – Calculate Canadian residential property down payments easily and fast.

CDN Property Down Payment Calc

Calculate Canadian residential property down payments easily and fast.

CDN Property Down Payment Calc screenshot 0CDN Property Down Payment Calc screenshot 1CDN Property Down Payment Calc screenshot 2CDN Property Down Payment Calc screenshot 3CDN Property Down Payment Calc screenshot 4

Canadian Property Down Payment Calculator (CPDPC) is a simple calculator to help calculate the down payment on a residential property in Canada. As of February 15, 2016, the Government of Canada has mandated a “hybrid” minimum down payment for new government backed insured mortgages on properties between $500,000 and $1,000,000. The minimum down payment structure is as follows:
– Property below $500,000 is 5%.
– Property between $500,000 and $1,000,000 is 5% for the first $500,000 and then 10% for the remaining value.
– Property above $1,000,000 is 20%.
Please note new construction may fall under a different down payment structure, please consult with a professional regarding this type of property purchase.
This simple calculator is to facilitate and speedup the “hybrid” down payment calculation but is not guaranteed to be accurate, please consult with a professional before making any down payments.
Version 1.3
– Minor graphics bug fixes.
Version 1.2
– Minor bug fixes.
– Graphics improvements.
Version 1.1
– Initial release of the calculator.

See more information and download apk file for your android phone: googleplaystoreapks.com/category/finance

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