Bancroft Mortgage Calculator

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Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
$19,000
$13,950
$11,900
$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
$494,000
$463,950
$436,900
$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Select Province
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
Mortgage Term
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Mortgage Rate
Select
Select
Select
Select
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Cash Needed
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$1,520
$1,116
$952
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
$6,475
$6,475
$6,475
$6,475
Total Cash Needed
=
$34,495
$59,091
$83,927
$107,975
First time home buyers in Bancroft are eligible for a Land Transfer Tax rebate of up to $4,000

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

Bancroft Mortgage Calculator Examples

Fabulous Opportunity In Baptiste Lake Area, Home Or Cottage On Over An Acre With Oversized Dbl Detached Garage, Mancave Or Storage For All Of Your Toys! 2 Bedroom Home Overlooking Baptiste Lake Located Only 10 Mins From Bancroft On 1.26 Ac. Very Desirable Location Close To One Of Best Elementary Schools. Only 2 Km From Public Access At Baptiste Lake & Boat Launch. Spacious Deck Surrounded By Beautiful Gardens, Tastefully Decorated - Very Clean & Well Maintained.**** Extras **** Inclusions: Fridge Stove Dishwasher Washer Dryer Microwave - All Electric Light Fixtures, All Window Coverings 2 Garage Door Openers. Exclusions: Ceiling Fan In The Garage. (Id:23934)
CALL1.877.896.6727
Property Price
$400,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$20,000
Mortgage Insurance ($)
$15,200
Mortgage Required ($)
$395,200
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$4,475
Mortgage Insurance PST
$1,216
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$27,191
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$23,191
Monthly Payment
$1,561
Affordable Mortgage, Low Taxes, And Fantastic Location! Three Bedroom Two Bathroom Bungalow In Birds Creek On Just Under 1 Acre. Home Is Currently Renting For $1100 / Month Plus Utilities. With A Little Bit Of Tlc, This Home Could Be Absolutely Stunning! Three Large Bedrooms With Two-Piece En-Suite Off The Master, Large Four-Piece Bath, Big Bright Living Space, Massive Foyer / Sunroom Area With Sliding Doors To The Backyard, And Full Basement. Newer Shingles, Attached Carport, And Drilled Well. Taxes Are $1700 / Year. Full Cell Reception And High-Speed Internet! All Appliances Are Included With The Sale (Excluding Washer). (Id:23934)
CALL1.877.896.6727
Property Price
$249,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$12,495
Mortgage Insurance ($)
$9,496
Mortgage Required ($)
$246,901
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$2,224
Mortgage Insurance PST
$760
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,979
First Time Home Buyer
Land Transfer Tax Credit
-$2,224
Cash Needed
$14,755
Monthly Payment
$975
Paudash Lake! This Lovely 4 Season Home / Cottage Sits Right At The Water's Edge. Relax On The Large Deck Or Enjoy The Beautiful View Or Sunset From The Open Concept On Any Of The Main Floor Rooms. Just Off Hwy 28 But With A Rock Cut Behind You The Noise Is Baffled! Beautiful Clean Hard Sand Frontage (125 Ft) And 7' Deep Off The Dock. Large Garage / Workshop For The Handyman With A New Metal Roof Fall Of 2020. Great Privacy...Don't Miss This One! (Id:23934)
CALL1.877.896.6727
Property Price
$999,900
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,990
Mortgage Insurance ($)
$36,996
Mortgage Required ($)
$961,906
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$16,473
Mortgage Insurance PST
$2,960
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,923
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,923
Monthly Payment
$3,800
Bancroft - This Home Has A Warm And Inviting Character. The Updates And Renovations Have Been Completed With Exceptional Focus On Preservation And Longevity. The Dining Room (Currently Being Used As A Master Bedroom) Is Designed For Entertaining And Includes Views In Three Directions, The French Doors Open Into The Country Kitchen Where There Is Plenty Of Space For Family Cooking And Baking Days. The Other Side Of The Kitchen Leads To The Living Room And Four Piece Bathroom. Step Upstairs To The Three Bedrooms. The Design Lends Itself To Creative Office Space, Wood Floors And A Dormer Window, Or Leave One For A Walk-In Closet And Dressing Room. There Is A Large Level Space Outdoors For Family Fun And Gardens Or Build A Garage (Bylaws Can Be Found At Www.Bancroft.Ca). There Is Also Severance Potential Here. The Neighbourhood Is A Quiet Balance Of Seniors And Young Families And Is Within Walking Distance Of Schools, Groceries And Local Restaurants. Improvements Include Kitchen (2007), Plumbing And Electrical Upgrades (2007), Wood Stove (2007), Metal Roof (2015), Sump Pit And Drain (2020), Main Floor Washer And Dryer Hookups(2020). (Id:23934)
CALL1.877.896.6727
Property Price
$389,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,450
Mortgage Insurance ($)
$14,782
Mortgage Required ($)
$384,332
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$4,310
Mortgage Insurance PST
$1,183
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$26,443
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$22,443
Monthly Payment
$1,518
See Yourself In This Brand New Home To Be Built, On The Edge 18 Hole Golf Course In Beautiful Bancroft With 3 Bedrooms, Open Concept Kitchen, Dining And Living Room With Cathedral Ceilings, Master Bedroom With En-Suite, Main Floor Laundry, Forced Air Propane Furnace, Attached Double Car Garage And Choice Of Finishes If Purchased Prior To The Builder Ordering. Renderings Are An Artist Concept. (Id:23934)
CALL1.877.896.6727
Property Price
$699,900
Minimum Down Payment (%)
6.43%
Minimum Down Payment ($)
$44,990
Mortgage Insurance ($)
$26,196
Mortgage Required ($)
$681,106
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$10,473
Mortgage Insurance PST
$2,096
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$59,059
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$55,059
Monthly Payment
$2,691