Collingwood 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 Collingwood 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

Collingwood Mortgage Calculator Examples

One Of A Kind Professionally Renovated Custom Dream Home, Tucked Away On A Tranquil Cul De Sac Just A Mere 100 Steps From The Shoreline In Whites Bay. In An Exclusive Enclave With Pristine Georgian Bay Waters Practically At Your Doorstep. Mere Minutes Away From The Heart Of Collingwood, And The Blue Mountains. Every Aspect Of The Coveted Lifestyle In This Area Is Within Easy Reach. Prepare To Be Captivated From The Moment You Step Inside This Meticulously Upgraded 2+2 Bedroom, 3.5 Bath Masterpiece. Boasting Over 3000Sqft Of Finished Living Space, Every Corner Of This Home Exudes Sophistication And Comfort. The Main Floor Beckons With A Sun-Drenched Gourmet Kitchen, Complete With Stainless Steel Appliances, Wine Fridge, And Caesar Stone Countertops While Seamlessly Transitioning Into An Inviting, Open Concept Dining And Living Area. Opening Below Onto A Main Floor Family Room, Complete With Custom Built Cabinetry That Is Thoughtfully Designed To Accommodate Both Work And Leisure. The Expansive 2 Level Deck, Offering Panoramic Vistas And Overlooking Your Private Oasis Featuring An In-Ground Saltwater Pool. Retreat To The Lavish Master Suite, Boasting His And Hers Custom Closets And A Luxurious 5-Piece Ensuite With In-Floor Heating. Cathedral Ceilings, Cherry Hardwood Floors, Designer Finishes Throughout Elevate The Ambiance, While Modern Amenities Such As Gas Fireplaces, Pendant Lighting, And California Shutters Add An Extra Layer Of Luxury. This Hidden Gem Is Equipped With The Latest In Comfort And Convenience, Including A Natural Gas Pool Heater, Sprinkler System, High-Eff Furnace, And Hot Water Tank—All Installed Within The Last Three Years. The Perfect Blend Of Elegance And Functionality, This Home Is An Unparalleled Sanctuary Awaiting Your Arrival. Don't Your Walking Shoes And Explore The Surrounding Trails, Right From Your Very Own Doorstep. The Time To Seize This Exceptional Opportunity Is Now—Schedule Your Tour Today! (Id:23934)
CALL1.877.896.6727
Property Price
$1,749,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$349,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,399,200
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$31,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$382,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$378,755
Monthly Payment
$8,011
Welcome To Your Dream Home - A Delightful And Fully Rebuilt Bungalow That Combines Modern Elegance With Cozy Charm. This 2021 Rebuild Boasts Sleek Exterior Finishes And Stylish Interiors, Creating A Home That Is Both Contemporary And Inviting. Step Inside To Discover A Bright And Spacious Living Area That Seamlessly Flows Into A Modern Kitchen, Perfect For Entertaining And Everyday Living. The Home Features Two Comfortable Bedrooms And A Beautiful Bathroom. Designed For Year Round Comfort, This Home Is Truly Maintenance Free, Allowing You To Enjoy Every Season Without Worry. Whether Your Basking In The Summer Sun Or Staying Cozy During Winter, This Home Adapts To Your Needs Effortlessly. Enjoy The Wonderfully Curated Gardens, Hardwood Floors, Pot Lights, Stainless Steel Appliances, Gas Fireplace, Detached Garage, Ev Charging Outlet, New Windows And More! The Ideal Starter Home Or Perfect Holiday Get-Away !! **** Extras **** Just A Few Minutes Walk Will Take You To The Stunning Waterfront And Beach, Offering A Perfect Escape For Leisurely Strolls, Beach Days And Picturesque Sunsets. (Id:23934)
CALL1.877.896.6727
Property Price
$699,000
Minimum Down Payment (%)
6.42%
Minimum Down Payment ($)
$44,900
Mortgage Insurance ($)
$26,164
Mortgage Required ($)
$680,264
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,455
Mortgage Insurance PST
$2,093
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$58,948
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$54,948
Monthly Payment
$3,895
Welcome To 4 Buckingham Blvd, A Perfect Blend Of Century Old Cottage Mixed With Luxurious Modern Farmhouse. Sitting On Just Under An Acre This Rare Gem Is An Entertainers Dream With Soaring High Vaulted Ceilings, Cozy Family Room With Wood Burning Fire Place, A Kitchen Equipped For Any Professional Chef Equipped With Thermodore Appliances, Floor To Ceiling Windows With Motorized Coverings, White Oak Flooring, 4 Car Garage, 7 Bedrooms And So Much More. Nestled Between Blue Mountain And Collingwood, This Four-Season Home Is Just Minutes From Osier Bluffs, Georgian Peaks And Craigleith Ski Clubs For Winter Fun And World Class Golf Courses And Beaches In The Summer. After A Long Day On The Slopes, Relax In Your Peaceful Hot Tub Oasis With A Bonfire In The Back Drop Or Dive Into Your Renovated Salt Water Pool On A Hot Summers Day. (Id:23934)
CALL1.877.896.6727
Property Price
$3,999,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$799,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$3,199,920
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$86,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$887,953
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$883,953
Monthly Payment
$18,321
Amazing Opportunity To Own For Less Than Renting, Or Jump Start Your Plans To Move To Collingwood By Buying Now And Having Tenants Pay Your Mortgage Until You're Ready To Move. Three Income Streams (Garage And Two Long Term Tenants) Offer Approx $300 Of Income /Month At Asking Price; $35,000 / Year With Appreciation And Mortgage Pay Down. See Attachment For All Earnings. Large One Bedroom And A Great Studio Apartment Make This 1300 Square Foot Ground Floor End Unit An Amazing Buy With Endless Possibilities. Private Parking As Well As Plenty Of Common Parking Is Available. The Large, One Bedroom Unit Features A Gas Fireplace As Well As A Covered Walk-Out To Common Green Space. The Indoor / Outdoor Pool And Other Living Water Amenities Are Available For A Small Fee. Cranberry Condo's Are Close To Golf, Skiing, Hiking / Biking And Everything Else Collingwood Offers. 10 Minutes To Blue Mountain Village. Golf Course On Property. Bus Stop At Corner. Minutes To Georgian Bay And Downtown Collingwood. *Note Can Be Kept As A Lucrative Investment Or Put Back Into A 2Bdrm Unit* (Id:23934)
CALL1.877.896.6727
Property Price
$509,000
Minimum Down Payment (%)
5.09%
Minimum Down Payment ($)
$25,900
Mortgage Insurance ($)
$19,324
Mortgage Required ($)
$502,424
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,655
Mortgage Insurance PST
$1,546
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$35,601
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$31,601
Monthly Payment
$2,877
Amazing Opportunity To Own For Less Than Renting, Or Jump Start Your Plans To Move To Collingwood By Buying Now And Having Tenants Pay Your Mortgage Until You're Ready To Move. Three Income Streams (Garage And Two Long Term Tenants) Offer Approx $300 Of Income /Month At Asking Price; $35,000 / Year With Appreciation And Mortgage Pay Down. See Attachment For All Earnings. Large One Bedroom And A Great Studio Apartment Make This 1300 Square Foot Ground Floor End Unit An Amazing Buy With Endless Possibilities. Private Parking As Wll As Plenty Of Common Parking Is Available. The Large, One Bedroom Unit Features A Gas Fireplace As Wll As A Covered Walk-Out To Common Green Space. The Indoor / Outdoor Pool And Other Living Water Amenities Are Available For A Small Fee. Cranberry Condo's Are Close To Golf, Skiing, Hiking / Biking And Everything Else Collingwood Offers. **** Extras **** 10 Minutes To Blue Mountain Village. Golf Course On Property. Bus Stop At Corner. Minutes To Georgian Bay And Dwontown Collingwood. (Id:23934)
CALL1.877.896.6727
Property Price
$509,000
Minimum Down Payment (%)
5.09%
Minimum Down Payment ($)
$25,900
Mortgage Insurance ($)
$19,324
Mortgage Required ($)
$502,424
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,655
Mortgage Insurance PST
$1,546
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$35,601
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$31,601
Monthly Payment
$2,877

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.