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

Welcome To 8 Dundonald Road, Cambridge—A Captivating Property That Has Undergone A Comprehensive Renovation From Top To Bottom, Resulting In A Home That Exudes Charm And Elegance At Every Turn. Nestled In A Desirable Location, This Residence Offers A Plethora Of Features That Make It A Standout Choice For First Time Home Buyers & Investors Alike. Greeted By An Abundance Of Natural Light, This Freshly Painted House Offers A Spacious Living Room That Serves A Perfect Gathering Spot For Family & Friends. The Addition Of A Voguish Fireplace Adds Both Warmth & Style To The Room. Throughout The House, Pot Lights Illuminate Each Space, Highlighting The Freshly Renovated Interior. New Doors, New Windows & New Roof Adds Elegance & Modern Touch To This House. The Heart Of The Home Lies In The Chef-Inspired Kitchen, Where Culinary Dreams Come To Life, Boasting Brand New High-End Stainless Steel Appliances, Quartz Countertops & Sleek White Glossy Cabinets. The Residence Features 2 Spacious Bedrooms, Each Offering Ample Space & Comfort. A Shared Full Bathroom Ensures Convenience For Residents, While A Newly Added Powder Room On The Main Level Adds An Extra Layer Of Functionality To The Home. Downstairs Basement, Offers Endless Possibilities, With Its Own Separate Entrance From The Garage, The Basement Offers The Potential To Be Transformed Into An In-Law Suite Or Legal Duplex, Providing Additional Living Space & Versatility To Suit Your Needs. Complete With A Spacious Recreation Room & Full Bathroom, The Basement Serves As A Flexible Space For Leisure And Entertainment. Outside, The Backyard Serves As A Serene Retreat, Featuring A Concrete Patio And Picturesque Hill-Type Landscape. Ideal For Outdoor Gatherings And Activities, The Backyard Offers A Tranquil Escape From The Hustle & Bustle Of Everyday Life. Conveniently Located Just Miles From Downtown Cambridge & Close To All Amenities, This House Offers The Perfect Balance Of Convenience & Serenity. Book Your Showing Today Before Its Gone! (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 (%)
4.99%
Mortgage Type
5 Years Fixed
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
$3,957
Welcome To 28 Dayton Street. This 832 Square. Ft. Bungalow Is Quietly Nestled In East Galt- Within Walking Distance Of Downtown, Shopping And Amenities, Schools And Just Steps From The Grand River. This Home Has Been Beautifully Remodelled And Is Completely Move-In Ready. Entering The Home, Find Yourself Met With The Living Room- With Windows Overlooking The Landscaped Yard. The Kitchen Has Been Freshly Updated- Newer Floors And Cabinets, A Great Space For Meal Prepping. Just Off Of The Kitchen, Find A Mudroom With A Separate Side Entrance, Featuring Sliding Doors Leading You To The Backyard. With Two Bedrooms On The Main Level And A Full Four-Piece Bathroom, This Home Will Service Your Family's Needs In Every Way. The Level Lower Features A Fully Finished Recreation Room That Is Perfect For Additional Living Space Or A Family Room. The Office Can Easily Be Converted Into A Third Bedroom. The Gas Fireplace And Bar Area Creates A Warm And Inviting Space For Entertaining And Hosting. The Exterior Of This Home Speaks For Itself- Featuring A Detached Garage, The Expansive Driveway Allows Up To Six Vehicles For All Your Family And Friends, The Oversized Rear Yard Is Fully Fenced. Discover This Home's Charm And Character- From The Archways To The Wood Details. Don't Miss Your Opportunity To Live Here, 28 Dayton Is Waiting For You. (Id:23934)
CALL1.877.896.6727
Property Price
$639,900
Minimum Down Payment (%)
6.09%
Minimum Down Payment ($)
$38,990
Mortgage Insurance ($)
$24,036
Mortgage Required ($)
$624,946
Best Mortgage Rate (%)
4.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,273
Mortgage Insurance PST
$1,923
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$51,686
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$47,686
Monthly Payment
$3,631
A View Like No Other! The Highlands By The Park Is One Of Cambridge's Well-Sought-After Buildings Known For Its Spacious Units, Luxury Living, And Extraordinary Views Of The Grand River Valley. Located On A Dead-End Street And Only Steps Away From Victoria Park This 7Th-Floor Unit Has Much To Offer. With Over 1500 Square Feet This Well-Kept Unit Offers 2 Bedrooms, 2 Bathrooms, One Being An Ensuite, A Separate Dining Room, A Renovated Kitchen & Updated Flooring Throughout, Plus A Sunroom With A Fabulous View Of The Grand River Valley As Well As Victoria Park. This Home Also Has Updated Air Conditioning And The Windows Have Been Replaced. The 5 Appliances Are Also Included. The Living & Sunrooms Are East-Facing And The View From The Kitchen Is East & South. The Building Offers Great Amenities, Such As Controlled Entry, An Elevator, Underground Parking, A Party & Lounge Room Plus An Exercise Room. Although There Is Only One Assigned Parking Space, The Parking Space Should Accommodate 2 Vehicles (Front To Back) And Is Permitted By The Corporation. The Lifestyle Is Impeccable, Perfect For Retirement Living. (Id:23934)
CALL1.877.896.6727
Property Price
$650,000
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$40,000
Mortgage Insurance ($)
$24,400
Mortgage Required ($)
$634,400
Best Mortgage Rate (%)
4.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,475
Mortgage Insurance PST
$1,952
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,927
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,927
Monthly Payment
$3,686
You Must See This Beautiful, Fully-Finished 3 + Bedroom Two-Storey With Walk Out Basement, Located In An Incredibly Kid Friendly & Desirable Neighbourhood. The Interior Of The Home Is Warm, Inviting & Move-In Ready. Nothing To Do But Enjoy All The Updates That Have Already Been Done. This Includes: The Laminate Flooring, The White Kitchen Cabinetry, Newer Light Fixtures & Newer White, Vinyl Windows Throughout. The Layout Is Open Concept, Bright & Flows Effortlessly. There Are Huge Windows In The Living Room & Sliding Patio Doors To Large Deck Overlooking The Yard. The Main Floor Laundry Is A Bonus! Upstairs You Will Find 3 Bedrooms & A 4 Pieces 'Double Sink' Bathroom. The Primary Has A Massive Walk-In Closet. You Could Make This Space Into An Office, Nursery Or Ensuite. At One Time This Was A 4Th Bedroom & Can Easily Be Converted Back To This Use. The Basement Is Fully Finished & Walks Out To The Wonderful Yard. The Gas Fireplace Ensures It Is Always Cozy And The Large Windows And Door Provide An Abundance Of Light. It Does Not Feel Like A Basement! There Is Plenty Of Opportunity To Create An Accessory Apartment & Generate Income. Updates Include: New Shingles (2022), Freshly Painted Top To Bottom, Gas Line To The Barbeque. All Appliances Stay With The Home. The Backyard Is Large, Private And Beautifully Landscaped. This Space Is Fully Fenced- Great For Entertaining And Watching The Kids Or Dogs Play. Perfect For A Future Pool! This Property Is Conveniently Located Close To Schools, Parks, Shopping, Restaurants, Public Transit & More. Let The Kids Run Outside And Play Worry Free In This Safe Cambridge Neighbourhood. Feel The Stress Disappear As You Drive Or Walk Down The Tree Lined Streets And Up The Quiet Cul De Sac To Your Future Home. This Property Has A Large Covered Porch That Overlooks The Mature Tree In The Front Yard. It Also Has An Attached Single Car Garage And Parking On The Driveway For 4+ Vehicles. Book Your Tour Today! Amazing Value! Open House Sat. 2.30-4Pm. (Id:23934)
CALL1.877.896.6727
Property Price
$799,900
Minimum Down Payment (%)
6.87%
Minimum Down Payment ($)
$54,990
Mortgage Insurance ($)
$29,796
Mortgage Required ($)
$774,706
Best Mortgage Rate (%)
4.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$12,473
Mortgage Insurance PST
$2,384
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,347
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,347
Monthly Payment
$4,501
Step Into Contemporary Luxury In This Fully Renovated Townhome, Where Expansive Windows Flood Every Room With Natural Light,Highlighting The Modern Color Palette And Chic Chair Rail Details.Explore Sleek And Low-Maintenance Laminate Flooring Throughout, Leading To A Modern Living Room The Ultimate Centerpiece For Entertaining And Creating Memories With Friends And Family.Ascend To The Second Floor, Featuring Generously Three Sized Bedrooms, Each Bathed In Natural Light, Providing A Serene Retreat For A Peaceful Night's Sleep.Dine In Style In Your Own Dining Room Overlooking The Private Yard,Turning Every Meal Into A Special Occasionthe Newly Finished Basement, With A Cozy Fireplace, Is A Game-Changer, Perfect For Unwinding Or Entertaining.Don't Forget The Private Yard Your Exclusive Oasis In This Sought-After, Private Neighborhood.This Townhome Isn't Just A Property; It's A Lifestyle Upgrade.Don't Miss And Step Into A World Of Modern, Comfortable, And Stylish Living!**** Extras **** Association Fee, Building Insurance, C.A.M.,Ground Maintenance / Landscaping, Parking Private Garbage Removal,Property Management Fees,Snow Removal,Water, Windows Close Proximity To Great Schools, Highway, Shops, Stores And All The Amenities. (Id:23934)
CALL1.877.896.6727
Property Price
$475,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$23,750
Mortgage Insurance ($)
$18,050
Mortgage Required ($)
$469,300
Best Mortgage Rate (%)
4.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,975
Mortgage Insurance PST
$1,444
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$32,669
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$28,669
Monthly Payment
$2,727

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.