Bonfield 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 Bonfield 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

Bonfield Mortgage Calculator Examples

119 Maple Road A Beautiful 2200 Square Foot, Slab On Grade Bungalow, 3 Bedroom, Open Concept Home. 20 Mins To North Bay. No More Having To Do Stairs!! Updates Include, Kitchen, Bathroom, Quartz Countertops. Home Sits On A 1 Acre Private Lot With A Small Pond For Campfire Nights. Solar Panel Set Up Provides Up To 3.6 Kw To Help Control Hydro Cost. (Id:23934)
CALL1.877.896.6727
Property Price
$599,900
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,990
Mortgage Insurance ($)
$22,596
Mortgage Required ($)
$587,506
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,473
Mortgage Insurance PST
$1,808
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,771
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,771
Monthly Payment
$3,314
Escape To Your Own Private Oasis With This Stunning 2.6-Acre Property Located On The Shores Of Lake Nosbonsing. Whether You Enjoy Winter Activities Such As Skating Or Snowmobiling With Easy Access To The Snowmobile Trails Or The Summertime Activities Of Living On The Lake Like Boating, Kayaking, Fishing, And Relaxing On The Dock This Beautifully Renovated Four-Bedroom, Three-Bathroom Home Will Capture Your Attention. This Fabulous Home Boasts Plenty Of Natural Light, An Open-Concept Kitchen With Quartz Countertops And Backsplash, Dining And Living Room Where You Can Get Cozy By The Propane Fireplace. Perfect For Entertaining Or Just Taking Time To Enjoy Your Own Private Retreat. The Main Floor Offers A Primary Bedroom A Powder Room As Well As A Large Bathroom With Shower And Soaking Tub, Main Floor Laundry, A Well-Appointed Kitchen, Dining, And Living Space With A Walkout To A Screened Area With A Grilling Area. Heading Upstairs You Will Find Three More Bedrooms A Three-Piece Bath And A Large Family Room With A Vaulted Ceiling, Exposed Beams, And Patio Doors Leading Out To A Terrace With Glass Railing So That The Lakefront Views Can Be Enjoyed. The Home Has Seen Many Updates Over The Last 2 Years Including Engineered Flooring Throughout, Newer Patio Doors, Exterior Doors, Interior Doors, Trim, And Baseboards, The Staircase Has Been Redone As Well As The Railing And Banister. More Updates Include Drywall, Insulation, Pot Lights, And Paint. The Home Is Beautifully Decorated And Comes With Many Furnishings. Whether It's A Year-Round Home Or A Year-Round Cottage You Are Looking For This Property Is Worth Looking At. The Home Is Nestled At The End Of A Private Road And Has Plenty Of Privacy And Property To Enjoy. Don't Miss Out On This One. (Id:23934)
CALL1.877.896.6727
Property Price
$1,099,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$219,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$879,200
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$18,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$239,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$235,755
Monthly Payment
$4,959
Are You An Outdoor Enthusiast Looking For The Perfect Place To Call Home? Look No Further Than This Beautiful Bright Home With 3 Large Bedroom, 1 Large Bathroom. The Open Concept Home Features A Large Bright Sunroom That Overlooks The Backyard Making It The Perfect Spot For You To Relax While Appreciating All Nature Has To Offer In Your Own 1.5 Acres Of Land With A Creek And Trail That Leads To Private Park Like Setting. There Is An Insulated Detached Garage To Store All Your Toys After A Day Of Adventure On The Plenty Of Near By Snowmobiling And Four Wheeler Trails. Other Amenities Include A Beautiful Little Park On The Shore Of Lake Nosbonsing With A Beech And New Playground Equipment And A Public Boat Launch All Within Walking Distance From Your House. This Vibrant Little Community Offers A Library, Post Office, Community Centre, Medical Clinic, Pharmacy And A School And Daycare And So Much More! (Id:23934)
CALL1.877.896.6727
Property Price
$450,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,500
Mortgage Insurance ($)
$17,100
Mortgage Required ($)
$444,600
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,475
Mortgage Insurance PST
$1,368
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$30,843
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$26,843
Monthly Payment
$2,508
Welcome Home To 106 Lakeview Court. This Property Is Aptly Named For Its Elevated View Of Lake Nosbonsing. Located In A Picturesque Setting Of Surrounding Forest, Enjoy Morning Sunrises And Late Night Sunsets On The Large Walk-Out Deck. This 3 Bedroom / 2 Bath Home With A Detached Garage Is Just A 25 Minute Drive From North Bay And Boasts 1300 Square Feet Of Living Space. Gleaming Hardwood Floors Greet You As You Walk Through The Front Door With Tons Of Natural Light Coming Through On The Main Level. A Large Spacious Kitchen And Dining Room Are Perfect For Family Dinners With Easy Access To The Back Deck And Yard And There Is A Large Primary Bedroom With A Full En Suite Bathroom And Its Own Walk-Out To Enjoy. Downstairs You Will Find An Enormous Amount Of Space Waiting For You To Add Your Personal Touches. This Home Is Situated In A Beautiful Rural Community With Lots Of Lakes And Hiking Trails To Enjoy. Other Amenities Include A Public Boat Launch, A Library, Post Office, Community Centre, Medical Clinic, Pharmacy And School. Don’T Miss Out On The Opportunity To Make Lasting Memories In This Amazing Country Home. (Id:23934)
CALL1.877.896.6727
Property Price
$439,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,950
Mortgage Insurance ($)
$16,682
Mortgage Required ($)
$433,732
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,255
Mortgage Insurance PST
$1,335
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$30,040
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$26,040
Monthly Payment
$2,447
If You're Looking For The Perfect Waterfront Getaway, Then Look No Further Than This Beautifully Renovated Little Piece Of Heaven, Complete With Hot Tub, Right Near The Water's Edge! This 4 Season Property Offers Modern Finishes, An Open Concept Floor Plan And Features 2 Bedrooms (One In A Spacious Loft), Beautiful Main Bath With Custom Shower, And A Gorgeous Sunroom Leading To The Large Deck With Stunning Views Of The Bay. Lake Nosbonsing And It's Surrounding Area Is Well Known For Great Fishing And Offers You The Opportunity To Take In All The 4 Season Outdoor Activities That You Could Ever Hope To Enjoy. Don't Miss The Opportunity To Escape The City Life And Experience The Relaxing Life Style Of Northern Ontario. (Id:23934)
CALL1.877.896.6727
Property Price
$549,000
Minimum Down Payment (%)
5.45%
Minimum Down Payment ($)
$29,900
Mortgage Insurance ($)
$20,764
Mortgage Required ($)
$539,864
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$7,455
Mortgage Insurance PST
$1,661
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$40,516
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$36,516
Monthly Payment
$3,045