Kawartha Lakes 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 Kawartha Lakes 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

Kawartha Lakes Mortgage Calculator Examples

Waterfront Living! 221 Ft Of It On Lake Scugog On The Trent Severn Waterway! New Home Built In 2021! Fish Or Just Relax Right On Your Huge Deck With 2 Walk-Outs From The House. Lots Of Kitchen Cabinets With Upper And Lower Lighting And Quartz Counters. 34 Ft X 19 Ft Oversized Double Garage With Separate Service! New Enviro Septic System. Municipal Water. Stainless Steel Appls. Central Air, Tankless Hot Water, Coffered Ceilings With Lots Of Pot Lights, Forced Air Propane Heat.**** Extras **** Walk-Out From Primary Bedroom And Dining Area To Huge Deck Overlooking The Water. Walk-In Closet And Ensuite With Soaker Tub And Separate Shower In Primary Bedroom. Next Door To Boat Launch. * Kawartha Lakes (Id:23934)
CALL1.877.896.6727
Property Price
$1,350,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$270,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,080,000
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$23,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$294,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$290,975
Monthly Payment
$6,032
The Ingram Schoolhouse Is A Stately Building Nestled On A Country Road Just Outside The Charming And Vibrant Town Of Bobcaygeon. Beautifully Restored, Renovated And Well-Maintained 3 Bedroom Rural Ontario Schoolhouse Rich In History. Sitting On 1 Acre Surrounded By Mature Trees And Country Vistas. Open-Concept Living, Dining And Kitchen With Main-Floor Laundry And A Bonus Room For Your Office. Tucked Away From The Main Living Space Is The Key To Your Early Retirement. A Very Popular Airbnb Guest Space, Complete With Bath, Bedroom, Kitchenette And Sitting Room!! A Real Money Maker. Be Inspired By The Original Chalkboard, The Wooden Floors, Front Porch, Stone Foundation And Wood-Burning Stove. High Ceilings, Large Windows Allowing Massive Light And Big Sky Views In The Main Rooms. The Kitchen Was Just Renovated, The Lighting Is In Keeping With The Old Schoolhouse. Tastefully Decorated With Built-In Book Cases, Appliances And Plenty Of Storage Space.**** Extras **** The Exposed Brick And Wooden Doors Throughout Add To The Romance Of Living In A Schoolhouse. The Lower Level Is Partially Finished With Loads Of Potential For Realizing Your Best Use For It. Hide Your Car In The Oversized Garage. (Id:23934)
CALL1.877.896.6727
Property Price
$949,000
Minimum Down Payment (%)
7.37%
Minimum Down Payment ($)
$69,900
Mortgage Insurance ($)
$35,164
Mortgage Required ($)
$914,264
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$15,455
Mortgage Insurance PST
$2,813
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$89,668
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$85,668
Monthly Payment
$5,106
Awesome ""4"" Season ""Waterfront Property"",Demand""Southview""Community"",105Ft Waterfront,Quietdeadend,Next To Conservation Area,Over 5000 Square Ft Finished Living Area,Split Between Main / Lowerlevels,Bright,Openconcept,Ranch Bungalow,Uprds Throughout,Oversized Upgrd Kitchen / Breakfast Area,Granitecounters,Lge Bkr Bar,Kitchen Walk-Out To Deck & Scenic Waterfrontview,Inlaw Apartment-Separateent,Lge Paved Drive & Front Yard Area,""7""Pkg Spaces,Storageshed,Workshop / Garage-Built 2011**** Extras **** Stainless Steel Fridge,Stove, Built-In Dishwasher,Washer / Dryer,Electrical Lighting Fixtures,All Window Coverings,Close Circuit Cameras,Naylor Docks,Heated Flooring In Basement (Id:23934)
CALL1.877.896.6727
Property Price
$1,499,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$299,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,199,920
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$26,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$327,953
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$323,953
Monthly Payment
$6,701
Your Very Own Private Oasis Awaits. Located On A Scenic 10 Acres Within 15 Mins From Port Perry. Power Gated Entrance With Timber Structure And Stone Pillars. No Expense Spared With This 2693 Square Ft Custom Built Bungalow. Open Concept Kitchen / Living / Dining Featuring Lrg Island, Custom Built-Ins & Granite Counters, Living Room With Natural Stone F / P, Built-In Cabinets, Cathedral Ceilings With Walk-Out To Composite Deck With Custom Covered Timber Frame Structure. Dream Primary Bed With Spa-Like Ensuite, Walk-Out To Screen Room / Deck And Hot Tub. 1100 Square Feet 3- Car Heated Attached Garage With Loft. Fully Finished Basement With Full Wet Bar, Dual Fridges, Bar Island Seating, Double Sided Stone F / P, Gym / Studio, Ample Space For Family Or Guests. Exterior Has Been Completely Landscaped, 5600Sq Ft In-Floor Heated Shop, 16X32 In-Ground Pool With Silo Pool House / Wet Bar, Outdoor Shower, Atv / Walking Trails Throughout Forest. Opportunities Are Endless. Bell Fibe -High Speed Internet, Complete Backup Generec Generator. Expired. Bell Fibe $90 / Mth Hydro $250 / Mth (Id:23934)
CALL1.877.896.6727
Property Price
$2,850,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$570,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$2,280,000
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$57,725
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$629,225
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$625,225
Monthly Payment
$12,734
Spectacular Waterfront Property On The Shores Of Sturgeon Lake. 5 Bdrms (Master With Ensuite Bth & His / Hers Closets), 2.5 Bthrms, Dining Room With Views Of The Lake, Family Room, Living Room, Renovated Central Kitchen With Appliances, Main Floor Laundry (Includes 3 Yrs Old Hot Water Tank, Well Pump, Water Softener, Washer / Dryer, Laundry Tub, Spacious Front Foyer, 200 Amp Service, Electric Forced Air Furnace With Heat Pump (Heat Pump Used Up To -30 Degrees, Furnace Secondary), Central Air Conditioner. Detached 2 Car Garage With 16' Door, Paved Driveway, Large Mature Trees, Cedar Hedges, Detached Workshop, Garden Shed, Dry Slip Boathouse With Steel Roof (Marine Railway System), Full Irrigation System With Seasonal Pumps, Immaculate Lawn Lined With Perennial Gardens, Lakefront Concrete Patio & Timberwall, 16 Ft Aluminum Dock With Ladder & Decking, Drilled Well & Septic System. Pedestrian Waterfront Walkway Known As The ""Easement"", Exclusive To Waterfront Owners Of Leslie Frost Lane Only. Great Swimming & Boating On Trent Severn Waterway!**** Extras **** Included: Carbon Monoxide Detector, Dishwasher, Dryer, Range Hood, Refrigerator, Stove, Washer, Window Coverings (Id:23934)
CALL1.877.896.6727
Property Price
$1,299,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$259,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,039,200
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$22,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$283,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$279,755
Monthly Payment
$5,804

Mortgages In Kawartha Lakes

Once known only as 'cottage country', Kawartha Lakes has grown into year round multiple communities that feel just like home! Warm and welcoming is the best way to describe this outdoor-rich and vibrant city. Home buyers are drawn to this area of Ontario for its wide swath of recreational outlets (golfing, cycling, hunting, skiing, fishing, sailing, kayaking, canoeing, nature & wildlife exploration and so much more! A Kawartha Lakes mortgage calculator will aid you in your quest for knowledge when it comes down to where you stand with affordability for a new home here. A mortgage loan is commonplace nowadays; some borrowers have saved a down payment with funds to spare, and some borrowers are a little less prepared for home ownership (either way, a mortgage calculator can help find out the monthly payment on any given home). Saving money is always important to home buyers, so paying down your mortgage loan quicker is the trick (getting a lower interest rate is another big factor to saving money!). There are many things to consider before heading off to a mortgage lender, like getting pre-qualified for a mortgage loan before making an offer on a home. Be prepared with knowing the basics of a mortgage and craft a strategic plan financially.
Kawartha Lakes home ownership can be within your reach with the RIGHT mortgage loan product that has been tailored to fit YOU financially. Remember, lenders want your business, they want you to secure a large debt, and they want you to spread it out over years to rake in all that interest money. There is a mortgage calculator for every scenario with mortgage products, so you can work with an affordability calculator, an advanced calculator, a calculator that will work out prepayment and calculators that will work amortization periods. Having the terms of a mortgage and the interest rate locked-in/fixed is a fixed rate mortgage (that can be an open or closed mortgage). There are mortgage products that the interest rate can rise or drop with the prime rate like a variable rate or adjustable rate mortgage (which also can be open or closed). Now, pending a substantial down payment of 20% or more of the value of the home, some lenders may offer you a conventional mortgage. There is a lot to learn when it comes to mortgages, but as a mortgage broker is available to borrowers at no charge, it would be a great step to sit and talk about your options and what mortgage you would qualify for.