Innisfil 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 Innisfil 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

Innisfil Mortgage Calculator Examples

Attention First Time Buyer, Handyman Or Investor, This 1100 Square-Foot Bungalow On Huge 75' X 243' Lot Has Separate Basement Entry And Could Easily Be In-Lawed. Detached Single Car Garage Plus A Large Shed At The Back Of The Property. 3 Bedrooms, 1 Bathroom Home. Brand New Septic And Roof In 2019, Newer Siding And Nice Back Deck With A View Out Over Farmers Fields. Green Shop Is 16' X 10' With Hydro. Quick Access To The 400 And Shopping In Alcona. (Id:23934)
CALL1.877.896.6727
Property Price
$450,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,500
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,475
Mortgage Insurance PST
$1,368
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$30,843
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$26,843
Monthly Payment
$1,881
Great Affordable Home With Good Quality Upgrades. Lifetime Steel Roof, On Demand Hot Water System, Central Air. Sunroom Walks Out To Very Nice Rear Deck Space And Private Yard With Pergola. Addition Features Sunroom And Utility Room / Laundry Area. Good Windows. Very Low Maintenance Home On A Quiet Street That Has Low Carrying Costs. Tiled Backsplash In Kitchen, Laminate Through Living / Dining / Bedroom And Hallway. Bathroom Has A Tiled Low Safe Entry Shower And Updated Vanity. Low Cost Living In A Great Community With Tons Of Amenities. That Was Easy! (Id:23934)
CALL1.877.896.6727
Property Price
$159,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$7,995
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,324
Mortgage Insurance PST
$486
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,305
First Time Home Buyer
Land Transfer Tax Credit
-$1,324
Cash Needed
$9,981
Monthly Payment
$668
Searching For A Pool Sized Lot ? Here It Is! Located On A Quiet Court With Over 3000 Square Feet Of Living Space That Has Been Designed To Impress,Offering Elegance And High End Upgrades Throughout.A Modern Open Concept Main Floor Features The Great Room Waffle Ceiling & A Gas Fireplace.The Kitchen Is An Entertainers Dream With A Granite Centre Island,Built In Oven's And Stainless Steel Appliances.Finished Basement With Extra Bedroom & Full Bath.You Will Be Impressed ! (Id:23934)
CALL1.877.896.6727
Property Price
$859,000
Minimum Down Payment (%)
7.09%
Minimum Down Payment ($)
$60,900
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,655
Mortgage Insurance PST
$2,554
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$78,609
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$74,609
Monthly Payment
$3,511
Raised Bungalow Steps To Lake. Enjoy Hot Summer Days Swimming, Boating Or Fishing. This Home Is On A Large 132Lx87ft Lot & Has A Great Detached Garage For Extra Storage, Along With The Attached 2 Car Garage & An Extra-Wide Long Driveway That Will Fit That Huge Boat That You Have Been Dreaming Of. Great Family Home With 3 Bedrooms & 2 Full Baths.Fantastic Inlaw Potential With Having A Second Kitchen Downstairs, Gas Fireplace With Custom-Built Fireplace.**** Extras **** 2 Fridges,1Stove, I Chest Freezer, 1 Dishwasher, Washer, Dryer, Water Softener, Central Vac & Related Equipment For House & Garage, Gas Fireplace Insert With Custom-Built Mantle, Window Blinds & Valances. Garage Door Remote. (Id:23934)
CALL1.877.896.6727
Property Price
$615,000
Minimum Down Payment (%)
5.93%
Minimum Down Payment ($)
$36,500
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,775
Mortgage Insurance PST
$1,851
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$48,626
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$44,626
Monthly Payment
$2,545
First Time Buyer...Or Looking To Downsize? This Could Be The One! Cute & Tidy 3 Bedroom, 2 Bath 2-Story Home Located In A Family Friendly Neighborhood Within Walking Distance To Everything...Schools, Parks, Shopping, Restaurants, Beach & Lake, Lots Of Recent Upgrades Including: All New Windows, Stunning New Flooring Throughout The House, New Vinyl Flooring On Main Floor & New Carpet On The Entire 2Nd Floor, Freshly Painted, New Deck, Light Switches & Plugs, ** This Is A Linked Property.** **** Extras **** Eat-In Kitchen With Walk-Out To Private Deck And Fully Fenced Mature Treed Lot, Double Car Garage, Covered Front Porch, Double Front Door Entrance, Fridge, Stove, Dishwasher, Washer & Dryer, Unfinished Lower Level Waiting For Your Ideas.... (Id:23934)
CALL1.877.896.6727
Property Price
$499,999
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$25,000
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,475
Mortgage Insurance PST
$1,520
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$34,495
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$30,495
Monthly Payment
$2,089

Mortgages In Innisfil

Innisfil is loaded with potential for home buyers that have a tall criteria list of what they are looking for with their new home and its surrounding neighbourhood. This city can cater beautifully to golfers, beach lovers, park & outdoor enthusiasts, aquatic sports & boating, and a lot more. Edging Cooks Bay and Lake Simcoe, this city has a fantastic housing stock via the real estate market that can embrace all levels of budgets and individual tastes. Nestled between Newmarket and Barrie, home buyers have the best of both worlds with an investment in Innisfil. Are you considering a mortgage loan in order to purchase your new home? Are you aware of all the mortgage products that you may qualify for? For starters, why don't you search through the MLS listings of available homes in this city, and upon finding several that catch your eye... use the Innisfil mortgage calculator? There are so many upsides to using a mortgage calculator; it can work out how much mortgage you can afford, play with different amortization periods, as well as the interest rates & prices of various homes. You will quickly see how the number of years, various interest rates, and the purchase prices affect your monthly payment amount.
Various mortgage products perform differently, so be 'in-the-know' when it comes to what mortgage product you can take on financially and which one will offer you the best performance (after all, an Innisfil home is a long-term investment, hence using a mortgage calculator). Besides all the qualifying parameters that lenders will want to establish with you (yes, shop around and see what lenders will give you the maximum result for your hard-earned money), you should have a sizeable down payment if you want to have your mortgage options to be wide open. If you have at least 20% down payment (based on the value of the home) in hand and money set aside for all closing costs & moving expenses, then lenders will 'bend' further to offer you more of a better interest rate. You can consider locking in an interest rate via a fixed rate mortgage, or you can consider having the prime rate dictate your interest rate via an adjustable rate mortgage or a variable rate mortgage. With a substantial down payment in hand, you may be offered a conventional mortgage. If you do not have a down payment or additional funds set aside, you will be a higher risk to lenders.