Brantford Mortgage Calculator

?
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 Brantford 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

Brantford Mortgage Calculator Examples

Fantastic 3-Year New Freehold Townhome Located In Desirable West Brantford. This Convenient Floorplan Offers A Modern Open Concept Design. Single Car Garage Offers Direct Entry Into The Main Foyer. The Main Living Area Offers A Large Living And Dining Room Open To A Well-Designed Modern Kitchen. The Bedroom Level Features Generous Sized Bedrooms, Walk-In Closet, 4-Piece Bathroom, Laundry, And A Great Loft Area Perfect For A 2Nd Tv Or Home Office. Includes 6 Appliances. Just Move In And Enjoy. Room Size Approximate (Id:23934)
CALL1.877.896.6727
Property Price
$584,900
Minimum Down Payment (%)
5.73%
Minimum Down Payment ($)
$33,490
Mortgage Insurance ($)
$22,056
Mortgage Required ($)
$573,466
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,173
Mortgage Insurance PST
$1,765
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$44,928
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$40,928
Monthly Payment
$3,203
Solid Brick Home In A Quiet Location Perfect For A Family, First Time Buyer, Or Investor As This Home Has Tremendous Rental Potential! This Home Has An Inviting Covered Front Porch Where You Can Enjoy Your Morning Cup Of Coffee And Be Protected By The Elements. The Large Lot Allows For Ample Parking Up To 8+ Vehicles And Is Also Situated On A Transit Route And Next To Sheri-Mar Park. There Are Lots Of Parks And Hiking Trails For The Outdoorsy Type And The Home Is In Walking Distance To Conestoga College, Wilfrid Laurier University Brantford Campus And All Major Amenities. The Next Buyer Will Need To Do A Few Last Finishes But The Big-Ticket Items Have All Been Done In The Last Couple Of Years; Studs, Drywall And Insulation All Replaced Upstairs, All Upstairs Windows (+ One @ Front Entrance) Have Been Updated, Brand New Bathroom Including Plumbing + Stack Completely Replaced + New Hvac / Ducts. The Only Wall Left Standing On The Second Level Was The Concrete Wall Where The Chimney Is! Roof ‘17, New Water Heater ’19, Electrical Wiring All Replaced And Gfi’S Added Throughout With A Circuit In The Basement (Esa Certificate Available On Request) And Laminate Flooring. Solid Wood Pocket Doors Will Create Some Privacy Between The Kitchen And Living Room While Access To The Kitchen From The Butler’S Pantry Has Been Preserved So The Old Charm Of The Home Continues To Be Appreciated By Its Owners. Yes, The Home Still Has An Oil Tank For Heating But It Was Inspected In 2020 And The Tank Was Replaced In 2006. This Home Will Be An Excellent Addition To An Investment Portfolio Or Someone Looking To Have Some Fun Designing And Decorating The Last Few Details Of This Well Cared For Home! (Id:23934)
CALL1.877.896.6727
Property Price
$448,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,400
Mortgage Insurance ($)
$17,024
Mortgage Required ($)
$442,624
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,435
Mortgage Insurance PST
$1,362
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$30,697
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$26,697
Monthly Payment
$2,472
Welcome To Breathtaking 469 Mt. Pleasant Rd! This Custom-Built Home Is Nestled On 2.5 Acres In A Country Setting With Awe Striking Views Of Picturesque Sunsets And Rolling Hills For Days! This Majestic Beauty Boasts 5+ Generous Bedrooms, 4 Washrooms And A Fully Finished 4,000 Square Ft Basement - Perfect For Multi-Generational Living! The 2,300 Square Ft Main Level Features 3 Bedrooms, 2 Washrooms, Laundry Room, A Great Room And Custom Kitchen Complete With Granite Counters, Stainless Appliances, Walk-In Pantry, Solid Oak Cabinets And Walk-Out Access To The Backyard Oasis! The Primary Bedroom Has Its Own Gas Fireplace, Walk-In Closet, Cheater En-Suite With Whirlpool Tub, Double Sinks, Shower, And Its Own Private Walk-Out To The Gorgeous Flagstone Patio With Views Overlooking The Endless Landscape. The Great Room Features An 18Ft Cathedral Ceiling, A Two-Sided Gas Fireplace, And A Wall Of Windows With Another Walk-Out To The Covered Flagstone Porch. A Bonus 1,100 Square Ft Second Floor Loft Hosts Two More Bedrooms And A Full 4Pc Washroom - Ideal For Guests Or A Place To Tuck Away Your Teens! Plantation Shutters Adorn All Windows In The Home Including The Garage. The Expansive Covered Flagstone Porch Is Complete With Pot Lights And Wall Sconces And Wraps Around The Entire Home. There's A 6-Camera Hard-Wired Security System With 3 Monitors And An Intercom System Throughout The House. A 72 Head Inground Sprinkler System Ensures Enviable Lawns All Summer Long! Bragging Rights Await With 14+ Vehicle Parking, A 2+ Car Garage With 10,000 Lockbox. Car Hoist, A 3Rd Rear-Facing Bay To The Back Lawn With Full-Size Garage Door, Perfect For Use With A Riding Lawn Mower. There's Also A Staircase In The Garage With Separate Entrance To The Fully Finished Basement... There’S So Much More To Tell But I’Ll Stop Here And Cordially Invite You And Your Family To Come And Experience 469 Mount Pleasant Rd For Yourself! (Id:23934)
CALL1.877.896.6727
Property Price
$2,125,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$425,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,700,000
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$39,600
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$466,100
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$462,100
Monthly Payment
$9,494
Great Investment Property With Room To Grow. 4 Residential Apartments Which Is Legally Permitted Based On Zoning For The Property. Separate Meters For Hydro / Heat. Plenty Of Private Parking Available At Least 6 Parking Spots. New Roof Approx. 2 Years. New North Star Windows Approx. 5Years.**** Extras **** Chattels Included: 4 Fridges, 4 Stoves And 4 Water Heaters (Id:23934)
CALL1.877.896.6727
Property Price
$824,900
Minimum Down Payment (%)
6.97%
Minimum Down Payment ($)
$57,490
Mortgage Insurance ($)
$30,696
Mortgage Required ($)
$798,106
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$12,973
Mortgage Insurance PST
$2,456
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$74,419
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$70,419
Monthly Payment
$4,457
Brand New Condo In Brantford. Situated In The First Phase Of The Sought After Grand Bell Condo Development. This River Facing Unit Has One Of The Best Exposures In The Building And Has A Functional Open Concept Floor Plan. The Unit Features Quality Finishes Throughout And Includes All Appliances. The Building Construction Is Nearing Completion And The Unit Will Be Ready For Occupancy In October 2022. All Appliances Included! Close To All Amenities! (Id:23934)
CALL1.877.896.6727
Property Price
$429,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,450
Mortgage Insurance ($)
$16,302
Mortgage Required ($)
$423,852
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,055
Mortgage Insurance PST
$1,304
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$29,309
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$25,309
Monthly Payment
$2,367

Mortgages In Brantford

Like an old friend, Brantford is a 'cozy' city that has a lot to offer home buyers in the line of real estate and a great collection of outlets that appeal to families, young couples, singles & retirees. The neighbourhoods in this city and its real estate market can offer home buyers a wide berth of dwelling types and can match any budget. A mortgage loan generally is the way to go for many people, especially first time home buyers. If you find yourself scanning over the MLS listings for this city, then using the Brantford mortgage calculator will most definitely come in handy. A basic and easy to use mortgage calculator can work out the monthly payment amount of any home by simply entering the purchase price of the home, the expected interest rate, and the amortization period (the amount of years you wish to take the mortgage loan out for). This is just one of the mortgage-related tools that you can access free of charge and it is always a good idea to understand how much 'home' you can realistically afford. Buying a home is a big investment, but keep in mind that it is an INVESTMENT (owning a home after years of making mortgage payments will grow equity).
Do you feel that mortgage loan products are complicated? From a first time home buyer's perspective, yes, mortgage products can be a bit confusing, mostly because there are now combined mortgage products that allows a borrower to split their mortgage in half (this is called a hybrid mortgage or 50/50 mortgage that begins as a variable rate mortgage, then switches over to a fixed rate mortgage). Even more flexible is a convertible mortgage (you can change a shorter term to a longer term or switch from a variable rate to a fixed rate without any penalty). You may have heard of a conventional mortgage, but this mortgage product can only be considered if you are armed with a minimal 20% down payment or more. As you can see so far, there are quite a few mortgage products available, depending on your personal finances. Brantford is worthy of a real estate investment, so it is important to not only choose the right mortgage product, but also the right lender that will work hard for you to get you the best 'deal'. By using a mortgage calculator, you will be giving yourself the opportunity to establish how much property you think you can afford before you sit down with a lender.