Collingwood Mortgage Calculator
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Enter the amount that you are planning on paying for the property
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
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Enter the amount that you will pay upfront
toward the property to obtain a mortgage
–
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CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
+
$19,000
$13,950
$11,900
$0.00
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Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
=
$494,000
$463,950
$436,900
$400,000
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Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
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Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
STEP 2
Select province to get current
mortgage rates
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Mortgage type specifies whether the interest
rate is variable or fixed
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Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Select
Select
Select
Select
4.59 %
4.64 %
4.64 %
4.74 %
4.79 %
4.99 %
5.09 %
5.14 %
5.14 %
5.39 %
5.39 %
5.49 %
5.74 %
5.74 %
6.49 %
STEP 3
Select one of the mortgage
rates currently available
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Please select how often you would like
to make your mortgage payments.
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
–
–
–
–
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
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 Collingwood are eligible for a Land Transfer Tax rebate of up to $4,000
Collingwood Mortgage Calculator Examples
Welcome To Silver Glen Preserve, One Of Collingwood's Most Desirable Addresses. This Townhome Features Quality Updates Inside, And Outside A Gorgeous West Facing Yard Backing Onto The Forested Area Of Silver Creek Wetlands For Loads Of Privacy. The Open Concept Main Floor Living / Dining And Kitchen Are Spacious And Bright With A Sliding Door Facing The Trees At Silver Creek. Direct Garage Access From The Generous Foyer And A 2Pc Powder Room Complete The Main Floor. Upstairs Features A Large Primary Bedroom With A West Facing Window, Large Walk-In Closet And Private 3 Piece Ensuite. Two Other Good Sized Bedrooms And A 4 Piece Main Bath. A Finished Lower Level Offers A Large Family Room, Laundry, Lots Of Storage And A Rough-In For A 3 Or 4 Piece Bathroom All Ready To Complete. The Entire Home Was Just Painted Top To Bottom Along With Many Updates, Including Engineered Hardwood And Laminate Flooring. It Is Move In Ready. Consult With Your Real Estate Advisor To Book Your Showing. (Id:23934)
CALL1.877.896.6727
Property Price
$849,900
Minimum Down Payment (%)
7.06%
Minimum Down Payment ($)
$59,990
Mortgage Insurance ($)
$31,596
Mortgage Required ($)
$821,506
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,473
Mortgage Insurance PST
$2,528
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$77,491
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$73,491
Monthly Payment
$4,588
Welcome To Your New Life In Blue Shores! This Highly Sought After Waterfront Community In Collingwood Is Conveniently Located Within Minutes To Downtown Collingwood Shops & Restaurants, Blue Mountain Resort, Private Ski Clubs, Golf Courses And So Much More. Meticulously Maintained, Premium Corner Lot Is Landscaped With Mature Gardens And Stone Walkway To The Covered Porch, Perfect For A Morning Coffee. Step Inside The Grand Double Doors Inside This Beautifully Renovated Home And Your Eye Will Be Drawn To The Exquisite Design And Styling. Painted In 2020, This Home Features Designer Touches Such As New Wrought Iron Railings, Stunning Light Fixtures, Custom Drapery, New Bathroom Fixtures And More. The Tiled Entryway Offers A Large Closet And Opens Up To The Light Filled Great Room With Soaring Cathedral Ceilings, Wall Of Windows And Gas Fireplace. Open Concept Living Offers Flow To The Nicely Appointed Kitchen With Ample Cabinetry, Granite Countertops, Stainless Appliances And Breakfast Bar. Overlooking The Dining Room Which Opens Up To The Backyard Oasis With 2 New Privacy Fences And Manicured Gardens. The Primary Bedroom Features Hardwood, Walk In Closet And Spa Like Ensuite With Glass Shower And Soaker Tub. An Office Conveniently Located Near The Front Entrance, Powder Room And Laundry Suite Complete The Main Floor. The Grand Staircase Leads To Two Spacious Guest Rooms That Share A Well Appointed 4 Piece Bathroom. Downstairs, You Will Find A Newly Created (2020) Recreation Room With A Fireplace, Laminate Flooring And Space For The Kids To Have Fun. Additional Storage For Offseason Items Can Be Stored In This Spacious Basement. The Two Car Garage Offers Convenient Inside Entry To The Home. The Community Of Blue Shores Offers An Exceptional Lifestyle With Club House, Gym, Indoor Pool, Outdoor Pool, Lakeside Tennis Courts And Marina. Don’T Miss Your Opportunity To Start Living The Incredible Lifestyles Ontario’S Four Season Playground Offers. (Id:23934)
CALL1.877.896.6727
Property Price
$999,000
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,900
Mortgage Insurance ($)
$36,964
Mortgage Required ($)
$961,064
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,455
Mortgage Insurance PST
$2,957
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,812
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,812
Monthly Payment
$5,367
Charming 3 Bedroom 3 Bathroom Beautifully Landscaped End Unit Townhome Located In The Quaint Town Of Collingwood. Property Features Include An Eat-In Kitchen With Stainless Steel Appliances, And A Spacious Living Room / Dining Room Combo With A Walk-Out To A Newer Private Deck. The Primary Bedroom Boasts Wall-To-Wall Closets, French Doors, And A 2-Piece Ensuite. 2 Additional Good-Sized Bedrooms And A 3-Piece Main Bathroom With A Handicap-Accessible Shower Complete The Upper Level. Natural Gas Furnace 2019. Air Conditioner. Garage Door Opener. Conveniently Located Close To Schools, Parks, Beach, Shopping, Blue Mountain & Georgian Bay. (Id:23934)
CALL1.877.896.6727
Property Price
$454,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,745
Mortgage Insurance ($)
$17,286
Mortgage Required ($)
$449,441
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,573
Mortgage Insurance PST
$1,383
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$31,201
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$27,201
Monthly Payment
$2,510
Drop Dead Elegance In This Century Home, Renovated To The Studs With Style And Flair. This Stunning Property Is Within Walking Distance Of Downtown Collingwood, A Rare Opportunity To Step Into A Character Home That Feels And Lives Like New. Owners Have Brought A Modern Aesthetic To The Landscaping With An Expanded Front Covered Porch, Garden Lighting, Tiger Wood Back Decks And Covered Seating Areas. The Interior Is One Jaw-Dropping Feature After Another. From The Entranceway, Walk Into The Huge Kitchen With Massive Island And Enormous Window With A Stained-Glass Arched Transom Looking To The Spacious Backyard. Double Wall Ovens, Six Burner Stove, Bar Fridge, Heated Floors And Amazing High End Cabinetry. Take A Step Down To The Family Room, The Epitome Of Comfort With Tons Of Sunlight Pouring In And Soaring Ceilings. A Wonderful Room To Enjoy The View, The Big Screen Tv, Or The Oversized Gas Fireplace. The Main Floor Also Has An Office With Custom Built-Ins, Cosy Window Seat And Double Pocket Doors, As Well As A Dining Room With Coffered Ceilings And Another Large Transomed Window. The Laundry / Mudroom Is All About Efficiency With Custom Cabinets, A Slat Wall To Store Things Neatly, A Separate Entrance To Both The Front Of The House And The Back, As Well As The Garage. The Staircase To The Second Floor Continues To Showcase The Woodwork In The Home. A Master Bedroom With More Massive Windows, Skylights, Cathedral Ceiling, Custom Closet — A Truly Inviting Retreat. Two More Large Bedrooms Are On This Floor With Another Bathroom. The 3Rd Floor Is An Added Bonus Bedroom With Open Sitting Room, Ensuite, Walk In Closet, High Ceiling With Lots Of Natural Sunlight. More Modern Touches: Crestron Automation To Control The Built-In Sound System, Lighting And Other Operations, Led Pot Lighting Throughout, Tube Ambient Lighting In Double-Ceiling Trim, New Windows, New Doors. This Home Is All About Serene Luxury, Well-Loved And Perfectly Maintained. (Id:23934)
CALL1.877.896.6727
Property Price
$3,100,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$620,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$2,480,000
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$63,975
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$685,475
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$681,475
Monthly Payment
$13,850
Live Affordably In The Heart Of Collingwood. Located In An Established Family Friendly Neighbourhood, This Pretty 3 Bedroom, 3 Bath Home Has Been Lovingly Maintained Over The Years And Offers A Range Of Possibilities For First Time Buyers, Investors, Or Those Looking To Simplify. The Stamped Concrete Driveway Leads To A Front Breezeway Which Is Perfect For Ski Gear And Backpacks. Inside, The Bright Kitchen Features A Beautiful Breakfast Nook Featuring A Big Bay Window Overlooking The Trees And Front Yard. Shaker-Style Wood Cabinetry Adds A Cozy Touch. The Living / Dining Room Is Perfect For Entertaining Family And Guests; Indoor-Outdoor Living Makes The Most Of The Private Backyard Which Opens From The Living Room With Sliding Doors. Upstairs, The Bedrooms Are Spacious And Offer An Abundance Of Privacy Being Surrounded By Mature Trees. The Lower Level Is Warm And Inviting With A Gas Fireplace And Bar Area. A Full Bathroom, Laundry And Storage Room Complete This Area. In The Warmer Seasons, Enjoy Your Morning Coffee On The Sunny West Facing Private Patio Surrounded By Mature Perennial Gardens And Trees In A Fully Fenced Backyard. The Hot Tub Provides A Peaceful Retreat For Apres Ski. Steps To Georgian Trail System And Minutes To Local Schools, Skiing, And Shopping, This Private And Peaceful Home Awaits. (Id:23934)
CALL1.877.896.6727
Property Price
$679,000
Minimum Down Payment (%)
6.32%
Minimum Down Payment ($)
$42,900
Mortgage Insurance ($)
$25,444
Mortgage Required ($)
$661,544
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,055
Mortgage Insurance PST
$2,036
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$56,491
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$52,491
Monthly Payment
$3,695
Mortgages In Collingwood
'A perfect gateway' is just one way to describe the excellent city of Collingwood! Sitting cozily nestled by Nottawasaga Bay and conveniently located north of Toronto, this city holds many pleasant surprises for home buyers! This city is in proximity to the Blue Mountain ski resort, golf courses, Wasaga Beach, recreation trails, parks, a brewery, heritage sites, and so much more! A fantastic place to invest, home buyers can use the Collingwood mortgage calculator to get an idea of where their personal affordability point is. A mortgage calculator breaks down the information needed to work out the amount of money required to be paid each month, including interest. This city hosts a very wide swath of real estate opportunities from small cozy single family homes and scaling up to condominiums, lofts and massive properties & mansions and everything in-between! A mortgage loan is a big commitment because it usually ties home owners down financially for many years, but with some ingenuity and strategic planning, a mortgage loan can be a great financial solution. Part of being prepared to take on home ownership is to know your facts upfront and have as much money as possible tucked away for this major life event.
There are a ton of questions that you will want the answers to about purchasing a new home in Collingwood, so here are a few tips to get you launched in the right direction, after having worked with the mortgage calculator. Generally, the asset you are looking to finance (in this case, your new home) will often be accepted by lenders as collateral which aids in securing your mortgage loan (a collateral mortgage). You will, of course, need to provide all sorts of financial background information, ideally have a down payment in hand and have the cash available for all the expenses of closing the deal. Make sure you have first-hand knowledge about the numerous mortgage products out there as some can be a bit tricky over the life of the loan. Once you have found the home that meets your expectations, then it's time to get pre-approved for your mortgage loan... hold off on making an offer until you know for sure the exact dollar amount your lender will approve you for (your lender will give you a pre-approval letter). To save money over the life of the mortgage loan, cut back on the amount of years you will drag it out and try to secure the best interest rate.