Cambridge 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 Cambridge 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

Cambridge Mortgage Calculator Examples

This Lovely 'Builder Show Home' Has So Much To Offer And Plenty Of Options Too. Large Principal Rooms, And An Amazing Kitchen Are Noticeable Features Of This 2280 Square Feet Carpet Free* Home, (*Other Than Staircases). The Extra Large Lot With Inground Heated Pool (New Liner And Safety Cover), Gazebo And Hot Tub Add To The Enjoyment Of Leisure-Time Right At Home. The Silver Heights Location Could Not Be Better Either, With Schools, Shops And Easy Access To Major Routes Partially Of The Deal, And Of Course The Abundance Of Paths And River Walks Are What Many Love About This Neighbourhood. As We Are Currently Adhering To The Covid-19 Regulations We Are Conducting All Preliminary Showings Virtually And There Is A Good Selection Of Photos, 360º Tours, Floorpans With Measuring Tool, And Walkthrough Video To Help Prospective Buyers Appreciate The Home Without The Need To Visit In Person. If This One Is For You, Please Talk To Your Realtor Or Contact Me Directly For Your Personal Visit. (Id:23934)
CALL1.877.896.6727
Property Price
$759,900
Minimum Down Payment (%)
6.71%
Minimum Down Payment ($)
$50,990
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,673
Mortgage Insurance PST
$2,269
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$66,432
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$62,432
Monthly Payment
$3,118
Private Oasis In The Heart Of Waterloo Region. This Gorgeous 3360 Square Ft Bungalow Is Situated On A Secluded 1.2 Acre Lot Where The Landscaping Alone Will Take Your Breath Away. As You Walk Through The Front Entrance, The Bright Open Concept Of The Main Living Space Gives The "Welcome Home" Feeling And A Desire To See More. Hardwood Floor Throughout On Main Level, Cathedral Ceiling, Skylights Bringing In Natural Light. You Will Enjoy Working In The Spacious Kitchen With The Island Designed For The Most Accomplished Chef. The Master Bedroom Is A Retreat Of Its Own Boasting A Gas Fireplace, Renovated Exquisite En-Suite, Walk-Out To A Private Sun-Room And Circular Staircase. The Walk-Out Lower Level Is Completely Finished Boasting A Recreation-Room With Wet Bar, Hot Tub, Games Room, Exercise Room, Bedroom, 4 Piece Bath & Media Room. Garden Doors From The Recreation-Room Take You To The Outside Kitchen And Breathtaking Yard Where It Won The Award Of Excellence From Earthscape Ontario. The In-Ground Pool With Waterfall Is The Picture Of Relaxation. So Much To Boast About And Truly A Must See For It's Too Numerous To Capture It All. **Important** We All Recognize For Right Now It Is Not Business As Normal However We Are Doing Our Utmost To Keep Everyone Safe & Protected. Certain Protocols Have Been Put In Place In Protection For All. Don't Hesitate To Call Or Email With Any Questions Or Concerns. (Id:23934)
CALL1.877.896.6727
Property Price
$1,299,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$259,800
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$22,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$283,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$279,755
Monthly Payment
$4,395
Welcome To This Charming Home With A White Picket Fence And A Covered Front Porch. The Front Hall Leads To A Spit Dining Room And Kitchen, Beautifully Renovated By The General Contractor Owner. The Granite Island Is Surrounded By Quartz Counter Tops And Upgraded Cabinetry That Accents The Ceramic Flooring And Build In Stainless Steel Appliances. A Large Dining Room With Cove Moulded Ceilings Are Adjacent To A Main Floor Bedroom (Currently Being Used As A Den) With New Double Closets. The Cozy Great Room Is Highlighted With A Vaulted Ceiling And Gas Stove With It's Own 3 Piece Bath On The Main Floor. The Side Entrance To The 3 Bed Room Upper Level With A Full Bath Makes It An Ideal Layout For An Extended Family Or As A Possible Duplex. The Back Door Opens To A Garden Oasis With All The Built-Ins For Entertaining With A Tranquil Pond And Stream Bed . Walk Out To 350 Square Feet Of Decking, Hot Tub With Tunes Or Movies As You Chill, Draft Bar For Those Hot Summer Party Nights. The Oversized Double Car Garage (22' 11" X 21" 10") Is Accessed From A Separate Lane Way, Perfect For A Car Enthusiast Or Contractor. Heated Garage With Spray Foam Insulation, 100 Amp Panel (From The House Main), New Wiring, Built-In Shelving, Translucent Polycarbonate Garage Door, Security Camera. (Id:23934)
CALL1.877.896.6727
Property Price
$570,000
Minimum Down Payment (%)
5.61%
Minimum Down Payment ($)
$32,000
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$7,875
Mortgage Insurance PST
$1,722
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$43,097
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$39,097
Monthly Payment
$2,367
Lovely Mattamy's "Victoria" Model In The Highly Sought After Millpond Location. 2048 Square. Ft Completely Carpet Free Home Featuring 3 Bedrooms + Loft & 3 Washrooms. Main Floor With A Separate Living, Dining & Open Concept Family Room With Hard Wood Flooring. Large Eat In Kitchen With Center Island& Breakfast Bar. Granite Counter-Tops, Ceramic Flooring & Ceramic Back-Splash. Sliders Lead To A Fully Fenced Backyard. Door From The Garage To The Inside. Hardwood Staircase Takes You To The 2Nd Floor With Hardwood & Ceramic Flooring . 3 Large Bedrooms. Master With A Huge Walk In Closet & Full Ensuite, Convenient 2Nd Floor Laundry, Loft/ Den & A 2Nd Full Washroom. Parking For 2 On The Driveway (No Sidewalk). Granite Counter-Tops In Both Washroom Upstairs & Kitchen. Walk To Both Public & Catholic Schools. Transit, 3 Parks, Walking Trails , Quaint But Thriving Downtown Hespeler On The River Is Minutes Away & So Is Hwy 401 & Guelph. (Id:23934)
CALL1.877.896.6727
Property Price
$670,000
Minimum Down Payment (%)
6.27%
Minimum Down Payment ($)
$42,000
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,875
Mortgage Insurance PST
$2,010
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$55,385
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$51,385
Monthly Payment
$2,762
Don't Miss Out On This Spacious Westside Walk Out Bungalow!! The Main Level Is Move In Ready Featuring; 3 Beds And 1 Bath, Large Bright Eat-In Kitchen With Plenty Of Cupboards, Nice Size Bedrooms And Large Deck With A View! The Buyer Just Needs To Finish The Partially Finished Basement To Their Liking Could Be A Perfect In-Law Or Awesome Recreation Room With Walkout, Rough In Bath Also In Place. Outside Needs Some Work, The Property Is Being Sold "As Is". This Home Shows Nice And Has Great Bones And Is Located On A Private Laneway (Lane 301 Which Is Off Of Selkirk Street).Close Proximity To Schools And Shopping Downtown Or Westside Plaza! (Id:23934)
CALL1.877.896.6727
Property Price
$419,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$20,950
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,855
Mortgage Insurance PST
$1,274
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$28,579
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$24,579
Monthly Payment
$1,751

Mortgages In Cambridge

Close enough to commute to Toronto (97 KMs), but embracing a small-town feel is just the beginning of the reasons why home buyers should investigate buying a home in Cambridge. It is the location of Cambridge (both sides of highway 401) that makes it also proximal to London, Kitchener, Waterloo & Guelph. The beauty of this smaller city is thanks to Speed River & Grand River, which provoked incorporation of numerous parks & trails for all to enjoy. Home buyers will be pleasantly surprised with the affordability of the homes here, which should be yet another reason to check out the MLS listings! When considering a new home (and if you are thinking about a mortgage), then it is smart to check out the Cambridge mortgage calculator to establish affordability. Wondering what type of mortgage product you would choose as the means of purchasing your new home? There are a lot of facts and information that you should be familiar with so that you can make sound financial decisions (this is a big leap financially, and it can be difficult to alter a mortgage once it is in writing and signed off by you). The mortgage calculator is only one of many helpful tools at your disposal that can bring you up to speed on how the numbers work to arrive at that monthly payment amount.
When looking into mortgage types for your new home in Cambridge, you will discover there are many different kinds that all perform a certain way individually. If you did investigate a mortgage calculator to use, then you would also see a mortgage comparison calculator. Comparing different mortgages is a great strategy, as there are some mortgage products that you may not be aware of. You are probably already familiar with mortgages like fixed rate mortgages, adjustable rate mortgages, variable mortgages, but do you know that a hybrid mortgage can start out as a variable rate mortgage then switch over to a fixed rate mortgage? Did you know that you can have either an open mortgage that gives you the option to pay off your mortgage loan early or shorten/lengthen your loan schedule without any penalty? Are you aware of what a closed mortgage is? A closed mortgage sets the terms and interest rate then locks it up so there is no room for renegotiation through a set term. Did you know that your down payment amount can dictate whether you could get approved for a conventional mortgage? If you already have a mortgage loan and another home or property, you will then learn about other types of mortgages.