Georgian Bay 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
5.64 %
5.74 %
5.74 %
5.79 %
5.84 %
5.84 %
5.89 %
5.89 %
5.90 %
6.04 %
6.04 %
6.34 %
6.39 %
6.84 %
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 Georgian Bay are eligible for a Land Transfer Tax rebate of up to $4,000
Georgian Bay Mortgage Calculator Examples
959 Harrison Trail Is Where Your Cottage Memories Begin! Located On A Year Round Road On 12 Mile Bay, This Property Has Direct Access To Georgian Bay For Endless Boating And Fishing. Enjoy The Incredible Privacy Buffer Created By The 500+Ft Crown Land Lot Directly To The East. The 3 Bed, 1 Bath Cottage With An Open Kitchen / Living Space Has So Much Opportunity, Especially With It’S Existing Setback From The Shoreline. A Single Car Garage Is Located At The Upper Driveway And 2 Storage Sheds Are Near The Cottage And Dock For All Of Your Water Toys And Life Jackets. There Is Even An Existing Pulley System In Place (Motor Needs Replacing) To Get Your Groceries Down To The Cottage. Roof Done In 2020, Windows 10 Years Ago And Partially Of The Deck Redone In 2019. Enjoy All Day Southern Exposure Sun At The Dock, And Watch The Sun Set Down The Channel. Quick Closing Available To Catch The Last Of Summer And Fall At Your New Cottage! (Id:23934)
CALL1.877.896.6727
Property Price
$899,000
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,900
Mortgage Insurance ($)
$33,364
Mortgage Required ($)
$867,464
Best Mortgage Rate (%)
5.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,455
Mortgage Insurance PST
$2,669
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,524
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,524
Monthly Payment
$5,366
Exclusive Residences Of Oak Bay Golf & Marina Community, On The Shores Of Georgian Bay: Spend Your Mornings On The Neighbouring Golfcourse Before Heading Out On The Bay For A Relaxing Excursion, Watersports, Or Hours Of Fishing Enjoyment. This Amazing Detached Home Could Be Your Next Dream Home Or Cottage Country Escape. 2 Min. To Hwy 400 & 90 Min To The Gta, 15 Min To Mount St. Louis Moonstone & Close To Ofsc Trails For Your Winter Enjoyment Too! Spend Countless Hours Relaxing Or Enjoying A Meal In The Screened In Muskoka Room, Leading To A Side Deck With Direct Propane Connection, Perfect For Your Barbeque Needs. The Private Rear Yard Faces A Wooded Bird Water's Paradise, Wtih The Golf Course Beyond, Providing Seasonal Views. Potl Community Amenities: Swimming Pool, Hiking & Biking Trails Are Available. Future Amenities: 4 More Swimming Pools, Fitness Room & Tennis Courts. Social Amenity Fee Of Approx. $15 / Month Will Apply And Be Phased In A Amenities Are Completed. (Id:23934)
CALL1.877.896.6727
Property Price
$595,000
Minimum Down Payment (%)
5.80%
Minimum Down Payment ($)
$34,500
Mortgage Insurance ($)
$22,420
Mortgage Required ($)
$582,920
Best Mortgage Rate (%)
5.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,375
Mortgage Insurance PST
$1,794
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,169
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,169
Monthly Payment
$3,606
Prepare To Be Impressed. This Absolutely Spectacular Property Boasts 977 Feet Of Water Frontage On Georgian Bay, Breathtaking Canadian Shield Bedrock And 8 Acres Of Deciduous Forest, Perfect For Hiking, Snowmobiling And More. The 4-Bedroom, 2-Bathroom, Recently Renovated Log Home Is Perfectly Situated To Take In The Water Views, And The Basement Crawlspace Is Clean And Dry With Exposed Rock. A Newly Constructed Massive Composite Deck With Custom Glass Railings Surrounds The Cottage, So You Never Have To Hide From The Sun. The Large U-Shaped, Deep-Water Dock Serves As The Perfect Spot To Lounge, Swim And Keep Your Boats. Due To The Size Of The Property, 2 Additional 2-Bedroom Guest Cottages Can Be Built Up To 600 Square Feet Each To Create A Perfect Family Compound. A Gravel Lot And Spacious 2 Car Garage Provides Ample Parking For You And Your Guests. Bonus – This Property Borders Crown Land Which Means Extra Privacy. (Id:23934)
CALL1.877.896.6727
Property Price
$2,845,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$569,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$2,276,000
Best Mortgage Rate (%)
5.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$57,600
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$628,100
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$624,100
Monthly Payment
$14,079
Year Round Living On Stewart Lake! Expansive And Picturesque Waterfront Views With 125' Shoreline Offering A Rock Shelf And Deeper Water, With Only A Few Stairs To The Dock. Many Sitting Areas At The Cottage And Along The Waterfront To Enjoy The East View With Family And Friends. Level Lot With Easy Access Off The Year Round, Municipal Road To This Cute Well Maintained 2 Bedroom, 1 Bath Cottage, Bunkie And Newer Two Car Garage. Many Upgrades Have Been Completed Including Newer Floors, Furnace And Central Air With A Full Feature Sheet Available For Many More Improvements. Need More Room, The Bunkie Is Perfect For Overflow Guests. Two Car Garage Offers Extra Storage And Has A Separate Electrical Panel. Full Municipal Services And Close To Many Amenities In Mactier Offering A Wonderful Opportunity For Your Cottage Enjoyment Or Year Round Living. You Can Have It All! (Id:23934)
CALL1.877.896.6727
Property Price
$1,049,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$209,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$839,200
Best Mortgage Rate (%)
5.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$17,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$228,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$224,755
Monthly Payment
$5,191
Unlock The Potential Of This Unique Property In Mactier! This Remarkable Property Is On The Edge Of Mactier, Offering Tranquillity & Convenience. Just 5 Mins From Hwy 400, This Home Grants Easy Access To Amenities & Nature. Boasting A Desirable Location, You'll Have Everything You Need Nearby. Enjoy The Inviting Ambiance & Thoughtful Design. Laminate Flooring & Large Rooms Create A Warm & Welcoming Space Filled With Natural Light. Some Windows Are Updated, Ensuring Energy Efficiency. The Log And Board & Batten Exterior Stands Out. Surrounded By Trees, Privacy Is Unmatched. Situated On A 1.34-Acre Lot, This Home Offers Endless Possibilities. A Large Shed Provides Convenient Storage. With 2 Bedrooms & 1 Bathroom, It's Perfect For Individuals Or Small Families. A Covered Porch & Updated Kitchen Add To The Charm. The Living Room Features A Walkout To A Deck, Embracing The Beautiful Surroundings. This Exceptional #Hometostay On The Edge Of Mactier Is A Place Where Memories Are Made. (Id:23934)
CALL1.877.896.6727
Property Price
$499,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,995
Mortgage Insurance ($)
$18,996
Mortgage Required ($)
$493,901
Best Mortgage Rate (%)
5.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,473
Mortgage Insurance PST
$1,520
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$34,488
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$30,488
Monthly Payment
$3,055