Cobourg 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 Cobourg 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

Cobourg Mortgage Calculator Examples

Serene, Beautifully Renovated Condo Suite Features Lovely Decor & Glass Doors That Bring You Out To Your Relaxing, Private Patio & Greenspace, A Calm Outdoor Environment Rarely Found In Condo Lifestyle. Central Cobourg Location Away From The Hustle Bustle But 1Km To Beach, Marina, Malls, Via Station, Hospital, Golfing, 401, Boutiques & Cafes. Easy 1-Level Living. Suite Faces North With Entry Door To Unit Just A Few Steps From The Southside, Surface Parking Space, Convenient For Groceries. Oversized Primary Bedroom Has Double Closet. Alternative To A Cottage! Move In Now & Enjoy The Cobourg Beach & A Pleasant Summer With All Northumberland County Offers!**** Extras **** Newly Installed Quartz Counters, High Grade Wood Laminate / Viny Flooring & Porcelain Tile Flring Thoughout. High-End Lighting Package. Modern Vanity. Kitchen Subway Tile Backsplash. Stainless Steel Appls. Storage Locker. Low Condo Fee In Great Building! (Id:23934)
CALL1.877.896.6727
Property Price
$599,000
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,900
Mortgage Insurance ($)
$22,564
Mortgage Required ($)
$586,664
Best Mortgage Rate (%)
2.70%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,455
Mortgage Insurance PST
$1,805
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,660
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,660
Monthly Payment
$2,687
Life On New Amherst's Central Park, Just Hits Differently. This Is The Final Unit Available. Located On The West-End Of The 5-Unit Block, Construction Is Almost Complete On This 2036 Square Ft End Unit. Offering A Beautifully Unique Facade Unlike Any Other In The Community. 4 Bedrooms, And 2.5 Baths Across Two Floors, With A Main-Floor Primary Bedroom Suite. 11' Ceilings Across Main-Floor That Easily Allows For One-Level Living, With Open-Concept Kitchen And Living Area, Laundry And Powder Room. The Living Space Abounds Into The 2Nd Floor Family Room Loft Area, And Full Basement With 9' Ceilings. Offering An Attached Double Car Garage. Interior Finishes Can Still Be Chosen If Purchased In The Next 30 Days. Standard Features Include: Vinyl Plank Flooring Throughout, Quartz Countertops In Kitchen, Central Air Conditioning. Fall 2022 Completion Date Available. (Id:23934)
CALL1.877.896.6727
Property Price
$1,199,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$239,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$959,920
Best Mortgage Rate (%)
2.70%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$20,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$261,953
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$257,953
Monthly Payment
$4,396
All-Brick Bungalow Just A Stone's Throw From Lake Ontario, And A Short Stroll To Downtown And The Beach! Take Full Advantage Of Cobourg's Shops, Dining, Festivals, And Yacht Club Without Ever Having To Move Your Car! Oversized Double Garage With Direct Access To The Backyard And Into The House (Great For Unloading Groceries On A Rainy Day). Family-Sized Eat-In Kitchen With Walkout To Covered Barbeque Deck, Huge Primary Suite With Two Walk-In Closets. Hardwood Floors Throughout Main Floor Including 2Nd Bedroom / Office. Downstairs Is Fully Finished With An Additional Guest Bed & Bath, Massive Recreation Room With Gas Fireplace And Walkout To Fenced, Landscaped Yard. What More Could You Want? (Id:23934)
CALL1.877.896.6727
Property Price
$820,000
Minimum Down Payment (%)
6.95%
Minimum Down Payment ($)
$57,000
Mortgage Insurance ($)
$30,520
Mortgage Required ($)
$793,520
Best Mortgage Rate (%)
2.70%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,875
Mortgage Insurance PST
$2,442
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$73,817
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$69,817
Monthly Payment
$3,634
Fabulous Low Rise Condo In The Heart Of Town. Exceptional Location, Great For Commuters - Very Close To 401, Shopping, Schools And Parks. Very Spacious And Bright Unit. Includes Parking And Locker. Elevator In Building. 2 Large Bedrooms, Walk-Out To Balcony, Eat-In Kitchen With Oak Cabinets, Laundry In Unit. Move-In Condition. Beautifully Maintained Building.**** Extras **** Very Low Maintenance Fees And A Great Opportunity To Stop Renting And Buy Your Own House Or Ideal For Investors. (Id:23934)
CALL1.877.896.6727
Property Price
$429,800
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,490
Mortgage Insurance ($)
$16,332
Mortgage Required ($)
$424,642
Best Mortgage Rate (%)
2.70%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$5,071
Mortgage Insurance PST
$1,307
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$29,368
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$25,368
Monthly Payment
$1,945
All-Brick Bungalow Just A Stone's Throw From Lake Ontario, And A Short Stroll To Downtown And The Beach! Take Full Advantage Of Cobourg's Shops, Dining, Festivals, And Yacht Club Without Ever Having To Move Your Car! Oversized Double Garage With Direct Access To The Backyard And Into The House (Great For Unloading Groceries On A Rainy Day). Family-Sized Eat-In Kitchen With Walkout To Covered Barbeque Deck, Huge Primary Suite With Two Walk-In Closets. Hardwood Floors Throughout Main Floor Including 2Nd Bedroom / Office. Downstairs Is Fully Finished With An Additional Guest Bed & Bath, Massive Recreation Room With Gas Fireplace And Walkout To Fenced, Landscaped Yard. What More Could You Want? ** This Is A Linked Property.** (Id:23934)
CALL1.877.896.6727
Property Price
$820,000
Minimum Down Payment (%)
6.95%
Minimum Down Payment ($)
$57,000
Mortgage Insurance ($)
$30,520
Mortgage Required ($)
$793,520
Best Mortgage Rate (%)
2.70%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,875
Mortgage Insurance PST
$2,442
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$73,817
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$69,817
Monthly Payment
$3,634