Grimsby 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 Grimsby 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

Grimsby Mortgage Calculator Examples

Welcome To 15 Beau Chatel Ln In Grimsby Beach Area By Lake Ontario.Beautiful 2 Storey Freehold Town 2 Years Old,3 Bedroom,2.5 Bathrooms,Large Living / Dining Area With Gas Fireplace,Extended Kitchen Cabinets With Breakfast Area With Sliding Patio Door Opening To Enjoy Backyard.Stainless Steel Appliances,No Carpet In House,Freshly Painted House With New Flooring,Hardwood Stairs Lead To Second Floor Loft Area To Enjoy As Office Space Or Gaming Room,Master Bedroom With Ensuite And Walkin Closet.Another Two Spacious Bedrooms.Walking Distance To Lake Ontario And Fifty Point Conservation Area To Enjoy Camping,Picnic Area,Boating,Fishing.Marina Facility.Quick Access To Qew And Future Lrt,Close To All Amenities,Super Store,Rona,Go Bus,Costco,Metro,School,Hospital, Library, Restaurants. Good Investment Opportunity,Leased For $2600 / Month. (Id:23934)
CALL1.877.896.6727
Property Price
$649,000
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$39,900
Mortgage Insurance ($)
$24,364
Mortgage Required ($)
$633,464
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,455
Mortgage Insurance PST
$1,949
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,804
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,804
Monthly Payment
$2,589
Beautifully Appointed, Spacious 1 Bed, 1 Bath Unit Offering Rare 2 Owned Underground Parking Spots! Features Soaring 10' Ceilings And Wide Plank Laminate Flooring Throughout. Upgraded Kitchen With Stainless Steel Appliances, Granite Counters With Breakfast Bar And 8' Island With Pendent Lights. Spacious Living Room Offers 9' Windows And Access To Large 10' X 10' Patio. Large Master With Walk-In Closet. Upgraded 4-Piece Bath With Quartz Counters And Shower / Tub Combo.**** Extras **** In-Suite Laundry, Upgraded Doors And Trim, Designer Decor Throughout And The List Goes On! (Id:23934)
CALL1.877.896.6727
Property Price
$399,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,995
Mortgage Insurance ($)
$15,196
Mortgage Required ($)
$395,101
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$4,474
Mortgage Insurance PST
$1,216
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$27,184
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$23,184
Monthly Payment
$1,615
Beautiful 2 Storey Freehold Town 2 Years Old,3 Bedroom,2.5 Bathrooms,Large Living / Dining Area With Gas Fireplace,Extended Kitchen Cabinets With Breakfast Area With Sliding Patio Door Opening To Enjoy Backyard.Stainless Steel Appliances,No Carpet In House,Freshly Painted House With New Flooring,Hardwood Stairs Lead To Second Floor Loft Area To Enjoy As Office Space Or Gaming Room,Master Bedroom With Ensuite And Walkin Closet.Another Two Spacious Bedrooms.**** Extras **** Inclusions: Stainless Steel Fridge, Stainless Steel Stove, Stainless Steel Dishwasher, Washer & Dryer Rentals: Hot Water Heater (Id:23934)
CALL1.877.896.6727
Property Price
$649,000
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$39,900
Mortgage Insurance ($)
$24,364
Mortgage Required ($)
$633,464
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,455
Mortgage Insurance PST
$1,949
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,804
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,804
Monthly Payment
$2,589
Rare 2 Car Parking!! 3 Lockers!!! With This Beautiful Well Laid Out And Meticulously Maintained One Bedroom Unit In The Grimsby Beach Community. Convenient Location Being Only Steps To The Beach, Shops, Restaurants And Easy Access To The Hwy. Come And See This Bright Unit For Yourself Which Includes One Bedroom With A Large Closet, 4 Piece Bathroom, Insuite Laundry, Stainless Steel Appliances In The Kitchen, Bright Living Room With Access To Your Private Balcony Along With Tons Of Storage With Your 3 Owned Lockers At The Basement Level And Lets Not Forget The Rare 2 Car Parking. Call Today For A Private Viewing. (Id:23934)
CALL1.877.896.6727
Property Price
$339,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,995
Mortgage Insurance ($)
$12,916
Mortgage Required ($)
$335,821
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$3,574
Mortgage Insurance PST
$1,033
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$23,102
First Time Home Buyer
Land Transfer Tax Credit
-$3,574
Cash Needed
$19,528
Monthly Payment
$1,372
Spacious 3+1 Bedroom Bungalow, Located On Large Property In Sought After Area In The Downtown Core. Chefs Kitchen With Sliding Doors Leading To Large Deck, Aboveground Pool & Fully Fenced Private Backyard. Main Floor Family Room With Escarpment Views. Updated Upper Level Bath. Oversized Lower Level Recreation Room. Additional Features Include: C / Air, Kitchen Stainless Steel Appliances, Garage Door Opener & Pool Equipment. Short Stroll To All Conveniences, Parks & Schools. (Id:23934)
CALL1.877.896.6727
Property Price
$567,800
Minimum Down Payment (%)
5.60%
Minimum Down Payment ($)
$31,780
Mortgage Insurance ($)
$21,441
Mortgage Required ($)
$557,461
Best Mortgage Rate (%)
1.69%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$7,831
Mortgage Insurance PST
$1,715
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$42,826
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$38,826
Monthly Payment
$2,278